As of right now, Ciena Corporation [CIEN] is trading at $45.14, up 1.87%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CIEN shares have gain 1.07% over the last week, with a monthly amount glided 0.11%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Through the last year, Ciena Corporation’s stock price ranged from $38.33 to $56.38. Ciena Corporation [NYSE: CIEN] shares were valued at $45.14 at the most recent close of the market.
Analyzing the CIEN fundamentals
For Ciena Corporation, (CIEN), the latest quarter sales were 1.06 billion, which represents an 25.10% increase. A company’s income per employee is $18,926 while it generates $449,642 in revenue per employee. Gross Margin for this corporation currently stands at +39.42% with Operating Margin at +7.08%, Pretax Margin comes in at +5.02%, and Net Margin reading is +4.21%. To continue investigating profitability, this company’s Return on Assets is posted at 3.08, Equity is 5.33, Total Capital is 6.66, and Invested Capital is 3.99. An extended look at the Principal structure reveals enduring liabilities to the total capital of 30.42 and enduring liabilities to assets of 23.40.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 44.63 points at the first support level, and at 44.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 45.48, and for the 2nd resistance point, it is at 45.83.
Ciena Corporation [CIEN] reported earnings per share of $0.64 for its fiscal quarter that ended on 1/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.36/share, meaning a difference of $0.28 and a surprise factor of 77.80%. By comparison, the stated earnings for the previous quarter ended on 10/30/2022 were $0.61 per share as compared to estimates of $0.08 per share, a difference of $0.53 representing a surprise of 662.50%.
Ratios To Look Out For
It is important to note that Ciena Corporation [NYSE:CIEN] has a current ratio of 3.70. As well, the Quick Ratio is 2.31, while the Cash Ratio is 1.10. Considering the valuation of this stock, the price to sales ratio is 2.02, the price to book ratio is 2.64 and the P/E (TTM) ratio is 37.00.
Transactions by insiders
Insider trading has also been a hot topic recently, with 8 insiders purchasing 34,648 shares and 47 selling 38,183 shares in the past 3 months. Recent insider trading involved Rothenstein David M, SVP and Chief Strategy Officer, that happened on May 15 when 3500.0 shares were sold. SVP, Networking Platforms, McFeely Scott completed a deal on May 15 to sell 2000.0 shares. Meanwhile, VP, CONTROLLER PETRIK ANDREW C sold 1000.0 shares on May 15.