CIENA Corp (NYSE: CIEN) on Friday, soared 6.15% from the previous trading day, before settling in for the closing price of $84.52. Within the past 52 weeks, CIEN’s price has moved between $42.20 and $89.25.
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A company in the Technology sector has jumped its sales by 2.80% annually for the last half of the decade. The company achieved an average annual earnings per share of 32.96%. With a float of $142.09 million, this company’s outstanding shares have now reached $142.66 million.
In an organization with 8483 employees, it is important to assess its efficiency. 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 99.17%. 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
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.54 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 32.96% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 17.38% during the next five years compared to -18.45% drop over the previous five years of trading.
CIENA Corp (NYSE: CIEN) Trading Performance Indicators
CIENA Corp (CIEN) is currently performing well based on its current performance indicators. A quick ratio of 2.72 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 3.43. Likewise, its price to free cash flow for the trailing twelve months is 36.65.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.57, a number that is poised to hit 0.42 in the next quarter and is forecasted to reach 3.44 in one year’s time.
Technical Analysis of CIENA Corp (CIEN)
Let’s dig in a bit further. During the last 5-days, its volume was 5.36 million. That was better than the volume of 1.85 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 79.11%. Additionally, its Average True Range was 3.35.
During the past 100 days, CIENA Corp’s (CIEN) raw stochastic average was set at 96.70%, which indicates a significant increase from 93.31% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 65.36% in the past 14 days, which was higher than the 44.54% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $68.86, while its 200-day Moving Average is $55.28. However, in the short run, CIENA Corp’s stock first resistance to watch stands at $91.68. Second resistance stands at $93.64. The third major resistance level sits at $96.03. If the price goes on to break the first support level at $87.33, it is likely to go to the next support level at $84.94. Assuming the price breaks the second support level, the third support level stands at $82.98.
CIENA Corp (NYSE: CIEN) Key Stats
Market capitalization of the company is 13.76 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.
