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Ciena Corporation (CIEN)
56.41  -0.03 (-0.05%)    09-18 16:00
Open: 56.64
High: 57.4
Volume: 1,341,254
  
Pre. Close: 56.44
Low: 55.995
Market Cap: 8,147(M)
Technical analysis
2024-09-18 4:43:34 PM
Short term     
Mid term     
Targets 6-month :  69.19 1-year :  80.81
Resists First :  59.24 Second :  69.19
Pivot price 54.84
Supports First :  53.07 Second :  49.25
MAs MA(5) :  55.96 MA(20) :  55.1
MA(100) :  49.98 MA(250) :  48.79
MACD MACD :  0.9 Signal :  0.9
%K %D K(14,3) :  66.6 D(3) :  63.5
RSI RSI(14): 61.1
52-week High :  63.24 Low :  39.93
Price, MAs and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently above mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is BULLISH in short-term; and BULLISH in mid-long term.
[ CIEN ] has closed below upper band by 30.9%. Bollinger Bands are 40.7% wider than normal. The large width of the bands suggest high volatility as compared to its normal range. The bands have been in this wide range for 6 days. This is a sign that the current trend might continue.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 57.45 - 57.74 57.74 - 57.92
Low: 55.3 - 55.69 55.69 - 55.93
Close: 55.86 - 56.44 56.44 - 56.81
Company Description

Ciena Corporation provides network hardware, software, and services that support the transport, routing, switching, aggregation, service delivery, and management of video, data, and voice traffic on communications networks worldwide. The company's Networking Platforms segment offers hardware networking products and solutions that optimized for the convergence of coherent optical transport, optical transport network switching, and packet switching. Its products include 6500 Packet-Optical Platform, 5430 Reconfigurable Switching System, Waveserver stackable interconnect system, and the 6500 Reconfigurable line system, and the 5400 family of Packet-Optical platforms, as well as Z-Series Packet-Optical Platform; 3000 family of service delivery switches and service aggregation switches, and the 5000 family of service aggregation switches, as well as 8700 Packetwave Platform and the Ethernet packet configuration for the 5410 Service Aggregation Switch; and 6500 Packet Transport System. This segment also sells operating system software and enhanced software features embedded in each of its products. The company's Blue Planet Automation Software and Services segment provides multi-domain service orchestration, inventory, route optimization and analysis, network function virtualization orchestration, analytics, and related services. Its Platform Software and Service segment offers OneControl unified management system and platform software services, as well as manage, control, and plan software. The company's Global Services segment provides consulting and network design, installation and deployment, maintenance support, and training services. The company sells its products through direct and indirect sales channels to network operators. Ciena Corporation was founded in 1992 and is headquartered in Hanover, Maryland.

Headline News

Wed, 18 Sep 2024
Insider Selling: Ciena Co. (NYSE:CIEN) SVP Sells 3,500 Shares of Stock - MarketBeat

Wed, 18 Sep 2024
Ciena Corp executive sells shares worth over $72k - Investing.com

Wed, 18 Sep 2024
Ciena Corp executive sells shares worth over $196,000 - Investing.com

Wed, 18 Sep 2024
Is Ciena Corporation (CIEN) The Worst 5G Stock to Buy According to Short Sellers? - Yahoo Finance

Wed, 18 Sep 2024
WINTON GROUP Ltd Invests $729,000 in Ciena Co. (NYSE:CIEN) - MarketBeat

Mon, 16 Sep 2024
When the Price of (CIEN) Talks, People Listen - Stock Traders Daily

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Neutral
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Underperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Outperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Neutral
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Underperform
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Underperform
Stock Basics & Statistics
Exchange:
NYSE
Sector:
Technology
Industry:
Communication Equipment
Shares Out 144 (M)
Shares Float 143 (M)
Held by Insiders 0.9 (%)
Held by Institutions 100.9 (%)
Shares Short 5,750 (K)
Shares Short P.Month 4,410 (K)
Stock Financials
EPS 0.93
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 20.02
Profit Margin 3.4 %
Operating Margin 2.9 %
Return on Assets (ttm) 2.5 %
Return on Equity (ttm) 4.7 %
Qtrly Rev. Growth -11.9 %
Gross Profit (p.s.) 0
Sales Per Share 27.83
EBITDA (p.s.) 2.52
Qtrly Earnings Growth -50.5 %
Operating Cash Flow 361 (M)
Levered Free Cash Flow 313 (M)
Stock Valuations
PE Ratio 60.01
PEG Ratio 3.1
Price to Book value 2.81
Price to Sales 2.02
Price to Cash Flow 22.59
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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