41.51% percent quarterly performance for CIENA Corp (CIEN) is not indicative of the underlying story

On Tuesday, CIENA Corp (NYSE: CIEN) was 4.14% up from the session before settling in for the closing price of $63.24. A 52-week range for CIEN has been $42.20 – $69.91.

During the last 5-year period, the sales growth of Technology Sector giant was 5.62%. When this article was written, the company’s average yearly earnings per share was at -28.78%. With a float of $142.16 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. In terms of profitability, gross margin is 41.15%, operating margin of 5.49%, and the pretax margin is 3.54%.

CIENA Corp (CIEN) Insider Activity

Also, it is sometimes useful to examine the sentiment of large-scale investors toward CIENA Corp stocks. The insider ownership of CIENA Corp is 1.57%, while institutional ownership is 96.53%. The most recent insider transaction that took place on Oct 15 ’24, was worth 236,005. In this transaction SVP and Chief Strategy Officer of this company sold 3,500 shares at a rate of $67.43, taking the stock ownership to the 199,997 shares. Before that another transaction happened on Oct 15 ’24, when Company’s SVP, General Mgr. Blue Planet sold 1,289 for $67.43, making the entire transaction worth $86,917. This insider now owns 40,775 shares in total.

CIENA Corp (CIEN) Earnings and Forecasts

Going through the last 3-months fiscal report unveiled on the 7/31/2024, it has been observed that the corporation posted 0.75 earnings per share (EPS) during the time that was better than consensus figure (set at 0.69) by 0.06. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.5 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -28.78% 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 2.97. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.37. Likewise, its price to free cash flow for the trailing twelve months is 33.70.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.94, a number that is poised to hit 0.65 in the next quarter and is forecasted to reach 2.72 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 1.31 million, which is a drop from its year-to-date volume of 1.81 million. As of the previous 9 days, the stock’s Stochastic %D was 30.11%. Additionally, its Average True Range was 1.82.

During the past 100 days, CIENA Corp’s (CIEN) raw stochastic average was set at 83.81%, which indicates a significant increase from 65.75% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.52% in the past 14 days, which was lower than the 38.04% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $61.41, while its 200-day Moving Average is $53.02. However, in the short run, CIENA Corp’s stock first resistance to watch stands at $66.88. Second resistance stands at $67.90. The third major resistance level sits at $69.84. If the price goes on to break the first support level at $63.92, it is likely to go to the next support level at $61.98. Should the price break the second support level, the third support level stands at $60.96.

CIENA Corp (NYSE: CIEN) Key Stats

There are 144,427K outstanding shares of the company, which has a market capitalization of 9.51 billion. As of now, sales total 4,387 M while income totals 254,830 K. Its latest quarter income was 942,310 K while its last quarter net income were 14,230 K.