A new trading day began on Tuesday, with CIENA Corp. (NYSE: CIEN) stock price up 1.58% from the previous day of trading, before settling in for the closing price of $44.33. CIEN’s price has ranged from $39.94 to $63.24 over the past 52 weeks.
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During the last 5-year period, the sales growth of Technology Sector giant was 7.58%. Meanwhile, its annual earnings per share averaged -16.00%. With a float of $142.50 million, this company’s outstanding shares have now reached $144.83 million.
Let’s determine the extent of company efficiency that accounts for 8483 employees.
CIENA Corp. (CIEN) Breakdown of a Key Holders of the stock
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 92.52%. The most recent insider transaction that took place on Apr 01 ’24, was worth 205,767. In this transaction President, CEO of this company sold 4,166 shares at a rate of $49.39, taking the stock ownership to the 389,275 shares. Before that another transaction happened on Apr 01 ’24, when Company’s SVP Global Sales and Marketing sold 2,792 for $49.61, making the entire transaction worth $138,511. This insider now owns 100,853 shares in total.
CIENA Corp. (CIEN) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around -16.00% 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 1.49. Likewise, its price to free cash flow for the trailing twelve months is 10.76.
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 3.15 in one year’s time.
Technical Analysis of CIENA Corp. (CIEN)
Looking closely at CIENA Corp. (NYSE: CIEN), its last 5-days average volume was 1.74 million, which is a drop from its year-to-date volume of 2.05 million. As of the previous 9 days, the stock’s Stochastic %D was 9.11%. Additionally, its Average True Range was 1.24.
During the past 100 days, CIENA Corp.’s (CIEN) raw stochastic average was set at 13.45%, which indicates a significant increase from 13.05% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.19% in the past 14 days, which was lower than the 38.83% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $52.61, while its 200-day Moving Average is $46.90. However, in the short run, CIENA Corp.’s stock first resistance to watch stands at $45.33. Second resistance stands at $45.62. The third major resistance level sits at $46.19. If the price goes on to break the first support level at $44.47, it is likely to go to the next support level at $43.90. Now, if the price goes above the second support level, the third support stands at $43.61.
CIENA Corp. (NYSE: CIEN) Key Stats
With a market capitalization of 6.51 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.
