On Friday, CIENA Corp. (NYSE: CIEN) trading session started at the price of On Friday, that was -3.39% down from the session before settling in for the closing price of $48.34. A 52-week range for CIEN has been $39.94 – $63.24.
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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 7.58%. When this article was written, the company’s average yearly earnings per share was at -27.68%. With a float of $141.65 million, this company’s outstanding shares have now reached $144.83 million.
The extent of productivity of a business whose workforce counts for 8483 workers is very important to gauge.
CIENA Corp. (CIEN) Insider Updates
Also, it is sometimes useful to examine the sentiment of large-scale investors toward CIENA Corp. stocks. The insider ownership of CIENA Corp. is 1.43%, while institutional ownership is 97.64%. The most recent insider transaction that took place on Jun 03 ’24, was worth 199,927. In this transaction President, CEO of this company sold 4,166 shares at a rate of $47.99, taking the stock ownership to the 372,611 shares. Before that another transaction happened on May 15 ’24, when Company’s President, CEO sold 4,166 for $49.16, making the entire transaction worth $204,809. This insider now owns 376,777 shares in total.
CIENA Corp. (CIEN) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -27.68% per share during the next fiscal year.
CIENA Corp. (NYSE: CIEN) Trading Performance Indicators
You can see what CIENA Corp. (CIEN) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 2.74. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.62. Likewise, its price to free cash flow for the trailing twelve months is 15.10.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.04, a number that is poised to hit 0.26 in the next quarter and is forecasted to reach 2.86 in one year’s time.
Technical Analysis of CIENA Corp. (CIEN)
The latest stats from [CIENA Corp., CIEN] show that its last 5-days average volume of 1.57 million was inferior to 1.89 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 36.56%. Additionally, its Average True Range was 1.55.
During the past 100 days, CIENA Corp.’s (CIEN) raw stochastic average was set at 17.05%, which indicates a significant decrease from 22.61% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 42.84% in the past 14 days, which was higher than the 39.90% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $47.37, while its 200-day Moving Average is $48.05. Now, the first resistance to watch is $47.67. This is followed by the second major resistance level at $48.63. The third major resistance level sits at $49.23. If the price goes on to break the first support level at $46.10, it is likely to go to the next support level at $45.51. Assuming the price breaks the second support level, the third support level stands at $44.54.
CIENA Corp. (NYSE: CIEN) Key Stats
There are 143,705K outstanding shares of the company, which has a market capitalization of 6.71 billion. As of now, sales total 4,387 M while income totals 254,830 K. Its latest quarter income was 910,830 K while its last quarter net income were -16,850 K.
