CIENA Corp (NYSE: CIEN) on Tuesday, soared 0.97% from the previous trading day, before settling in for the closing price of $70.18. Within the past 52 weeks, CIEN’s price has moved between $42.20 and $73.47.
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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 5.62%. The company achieved an average annual earnings per share of -28.78%. With a float of $142.09 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. In terms of profitability, gross margin is 41.9%, operating margin of 5.46%, and the pretax margin is 3.54%.
CIENA Corp (CIEN) Insider Updates
Observing investor behavior towards Communication Equipment industry stocks is more important than anything else. The insider ownership of CIENA Corp is 1.62%, while institutional ownership is 99.15%. The most recent insider transaction that took place on Nov 15 ’24, was worth 88,928. In this transaction SVP, General Mgr. Blue Planet of this company sold 1,289 shares at a rate of $68.99, taking the stock ownership to the 39,486 shares. Before that another transaction happened on Nov 15 ’24, when Company’s SVP and Chief Strategy Officer sold 3,500 for $68.99, making the entire transaction worth $241,465. This insider now owns 196,497 shares in total.
CIENA Corp (CIEN) Performance Highlights and Predictions
As on 7/31/2024, Multinational firm has announced its last quarter scores, in which it reported 0.75 earnings per share (EPS) for the period topping the consensus outlook (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
CIENA Corp (CIEN) is currently performing well based on its current performance indicators. A quick ratio of 2.97 was reported for the most recent quarter. 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 36.26.
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)
The latest stats from [CIENA Corp, CIEN] show that its last 5-days average volume of 1.31 million was inferior to 1.79 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 71.26%. Additionally, its Average True Range was 2.00.
During the past 100 days, CIENA Corp’s (CIEN) raw stochastic average was set at 90.87%, which indicates a significant increase from 66.75% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.19% in the past 14 days, which was lower than the 38.62% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $65.77, while its 200-day Moving Average is $54.19. Now, the first resistance to watch is $71.52. This is followed by the second major resistance level at $72.18. The third major resistance level sits at $73.18. If the price goes on to break the first support level at $69.86, it is likely to go to the next support level at $68.86. Assuming the price breaks the second support level, the third support level stands at $68.20.
CIENA Corp (NYSE: CIEN) Key Stats
Market capitalization of the company is 10.23 billion based on 144,427K outstanding shares. Right now, sales total 4,387 M and income totals 254,830 K. The company made 942,310 K in profit during its latest quarter, and 14,230 K in sales during its previous quarter.
