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Ciena Corporation (CIEN)

44.77   0.08 (0.18%) 12-02 16:00
Open: 44.19 Pre. Close: 44.69
High: 44.96 Low: 43.27
Volume: 1,536,906 Market Cap: 6,632(M)

Technical analysis

as of: 2022-12-02 4:21:42 PM
Stoxline posted a BUY today, same as yesterday. Upward movement continues.
Target: Six months: 53.34     One year: 56.68
Support: Support1: 41.04    Support2: 34.15
Resistance: Resistance1: 45.67    Resistance2: 48.52
Pivot: 44.3
Moving Average: MA(5): 44.05     MA(20): 44.29
MA(100): 46.21     MA(250): 54.15
MACD: MACD(12,26): 0     Signal(9): 0
Stochastic oscillator: %K(14,3): 60.8     %D(3): 54.4
RSI: RSI(14): 52.4
52-week: High: 78.27  Low: 38.33
Average Vol(K): 3-Month: 1,718 (K)  10-Days: 1,560 (K)

Price, moving averages and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently above mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is BULLISH in short-term; and NEUTRAL in mid-long term.
[ CIEN ] has closed below upper band by 34.5%. Bollinger Bands are 59.1% narrower than normal. The narrow width of the bands suggests low volatility as compared to its normal range. The bands have been in this narrow range for 3 bars. This is a sign that the market may be about to initiate a new trend.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 44.99 - 45.21 45.21 - 45.41
Low: 42.73 - 42.97 42.97 - 43.2
Close: 44.37 - 44.75 44.75 - 45.12

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

Fri, 02 Dec 2022
Here's What to Expect Ahead of Ciena's (CIEN) Q4 Earnings - Nasdaq

Wed, 23 Nov 2022
Ciena (CIEN) Expands Portfolio With Tibit & Benu Acquisitions - Nasdaq

Tue, 22 Nov 2022
Ciena Co. (NYSE:CIEN) Given Average Recommendation of "Moderate Buy" by Brokerages - MarketBeat

Thu, 17 Nov 2022
Ciena Corporation: Enough Room To Grab 30.6% Potential Profit (NYSE:CIEN) - Seeking Alpha

Wed, 16 Nov 2022
Ciena (NYSE:CIEN) Could Be Struggling To Allocate Capital - Simply Wall St

Wed, 09 Nov 2022
Ciena Co. (NYSE:CIEN) CFO James E. Moylan, Jr. Sells 2000 Shares - MarketBeat

Financial Analysis

Price to Book Value: Outperform
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Price to Earnings: Outperform
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow: Outperform
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets: Neutral
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity: Neutral
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity: Outperform
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NYSE
Sector:  Technology
Industry:  Communication Equipment
Shares Out. 148 (M)
Shares Float 147 (M)
% Held by Insiders 0.8 (%)
% Held by Institutions 99.9 (%)
Shares Short 4,990 (K)
Shares Short P.Month 4,900 (K)

Stock Financials

EPS 1.3
EPS Est Next Qtl 0.3
EPS Est This Year 1.74
EPS Est Next Year 1.99
Book Value (p.s.) 17.98
Profit Margin (%) 5.3
Operating Margin (%) 8.3
Return on Assets (ttm) 4
Return on Equity (ttm) 7.1
Qtrly Rev. Growth -12.2
Gross Profit (p.s.) 11.61
Sales Per Share 24.97
EBITDA (p.s.) 3.03
Qtrly Earnings Growth -95.5
Operating Cash Flow 102 (M)
Levered Free Cash Flow -21 (M)

Stock Valuations

PE Ratio 34.17
PEG Ratio 4
Price to Book value 2.48
Price to Sales 1.79
Price to Cash Flow 65.25

Stock Dividends

Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.
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