7.98% percent quarterly performance for CIENA Corp. (CIEN) is not indicative of the underlying story


A new trading day began on Tuesday, with CIENA Corp. (NYSE: CIEN) stock price down -1.20% from the previous day of trading, before settling in for the closing price of $49.19. CIEN’s price has ranged from $39.94 to $63.24 over the past 52 weeks.

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Technology Sector giant saw their annual sales surged by 7.58% over the last five years. Meanwhile, its annual earnings per share averaged -15.69%. With a float of $142.50 million, this company’s outstanding shares have now reached $144.83 million.

The firm has a total of 8483 workers. Let’s measure their productivity.

CIENA Corp. (CIEN) Insider Activity

As we move forward, let’s examine how large-scale investors are investing in this stock of the Communication Equipment Industry. The insider ownership of CIENA Corp. is 1.45%, while institutional ownership is 93.27%. The most recent insider transaction that took place on Mar 15 ’24, was worth 207,628. In this transaction President, CEO of this company sold 4,166 shares at a rate of $49.84, taking the stock ownership to the 403,176 shares. Before that another transaction happened on Mar 15 ’24, when Company’s SVP and Chief Strategy Officer sold 3,500 for $50.19, making the entire transaction worth $175,665. This insider now owns 230,001 shares in total.

CIENA Corp. (CIEN) Earnings and Forecasts

In its latest quarterly report, released on 1/30/2024, the company reported earnings of $0.66 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.54 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -15.69% per share during the next fiscal year.

CIENA Corp. (NYSE: CIEN) Trading Performance Indicators

Here are CIENA Corp.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 3.09. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.61. Likewise, its price to free cash flow for the trailing twelve months is 11.62.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.54, a number that is poised to hit 0.14 in the next quarter and is forecasted to reach 3.18 in one year’s time.

Technical Analysis of CIENA Corp. (CIEN)

Analysing the last 5-days average volume posted by the [CIENA Corp., CIEN], we can find that recorded value of 1.47 million was lower than the volume posted last year of 2.13 million. As of the previous 9 days, the stock’s Stochastic %D was 10.51%. Additionally, its Average True Range was 1.53.

During the past 100 days, CIENA Corp.’s (CIEN) raw stochastic average was set at 30.42%, which indicates a significant increase from 9.72% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.20% in the past 14 days, which was lower than the 39.44% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $53.74, while its 200-day Moving Average is $46.68. Now, the first resistance to watch is $49.00. This is followed by the second major resistance level at $49.41. The third major resistance level sits at $49.78. If the price goes on to break the first support level at $48.22, it is likely to go to the next support level at $47.85. Should the price break the second support level, the third support level stands at $47.44.

CIENA Corp. (NYSE: CIEN) Key Stats

With a market capitalization of 7.03 billion, the company has a total of 144,603K Shares Outstanding. Currently, annual sales are 4,387 M while annual income is 254,830 K. The company’s previous quarter sales were 1,038 M while its latest quarter income was 49,550 K.