CIENA Corp (NYSE: CIEN) kicked off on Tuesday, down -1.55% from the previous trading day, before settling in for the closing price of $72.05. Over the past 52 weeks, CIEN has traded in a range of $42.20-$73.47.
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Technology Sector giant saw their annual sales surged by 5.62% over the last five years. While this was happening, its average annual earnings per share was recorded -28.78%. With a float of $142.16 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. In terms of profitability, gross margin is 41.15%, operating margin of 5.49%, and the pretax margin is 3.54%.
CIENA Corp (CIEN) Breakdown of a Key Holders of the stock
Our next focus will be how large-scale investors are participating in this stock of the Communication Equipment Industry. The insider ownership of CIENA Corp is 1.57%, while institutional ownership is 96.59%. 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) Recent Fiscal highlights
In the latest quarterly report, which was put into the public domain on 7/31/2024, the organization reported 0.75 earnings per share (EPS), higher than consensus estimate (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
Take a look at CIENA Corp’s (CIEN) current performance indicators. Last quarter, stock had a quick ratio of 2.97. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.55. Likewise, its price to free cash flow for the trailing twelve months is 36.30.
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)
Analysing the last 5-days average volume posted by the [CIENA Corp, CIEN], we can find that recorded value of 1.91 million was better than the volume posted last year of 1.81 million. As of the previous 9 days, the stock’s Stochastic %D was 85.79%. Additionally, its Average True Range was 2.00.
During the past 100 days, CIENA Corp’s (CIEN) raw stochastic average was set at 91.11%, which indicates a significant increase from 75.74% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 33.15% in the past 14 days, which was lower than the 38.07% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $62.81, while its 200-day Moving Average is $53.50. Now, the first resistance to watch is $71.97. This is followed by the second major resistance level at $73.02. The third major resistance level sits at $74.03. If the price goes on to break the first support level at $69.91, it is likely to go to the next support level at $68.90. Now, if the price goes above the second support level, the third support stands at $67.85.
CIENA Corp (NYSE: CIEN) Key Stats
The company with the Market Capitalisation of 10.24 billion has total of 144,427K Shares Outstanding. Its annual sales at the moment are 4,387 M in contrast with the sum of 254,830 K annual income. Company’s last quarter sales were recorded 942,310 K and last quarter income was 14,230 K.
