Home News Current Movement: Ciena Corporation (NYSE: CIEN)

Current Movement: Ciena Corporation (NYSE: CIEN)

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Ciena Corporation is part of the communication equipment industry and is part of the technology sector. The company CEO is Gary B. Smith. Ciena Corp is a network strategy and technology company. It provides network hardware, software and services that support the transport, switching, aggregation, service delivery and management of video, data, and voice traffic on communications networks.

Previous Intraday Trading Performance:

The CIEN stock showed a previous change of 2.17% with an open at 38.20 and a close of 38.70. It reached an intraday high of 38.84 and a low of 37.90.

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Liquidity:

The stock has a market cap of $6.1b with 156.5m shares outstanding, of which the float is 150.8m shares. Trading volume reached 2,194,261 shares compared to its average volume of 2,483,241 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, Ciena Corporation shares returned 2.08% and in the past 30 trading days it returned 16.92%. Over three months, it changed 15.87%. In one year it has changed 72.85% and within that year its 52-week high was 40.16 and its 52-week low was 21.96. CIEN stock is 76.23% above its 52 Week Low.

Our calculations show a 200 day moving average of 29.81 and a 50 day moving average of 35.34. Currently CIEN stock is trading 29.83% above its 200 day moving average.

SeekingAlpha:  Ciena -1.6% on BofAML downgrade

Earnings:

The last annual fiscal EPS for the company was reported at 1.1 that ended on 31st of October 2018. Based on 7 analyst estimates, the consensus EPS for the next quarter is 0.41. The TTM EPS is 1.10, which comes to a TTM PE of 35.18.

The following are the last four quarter reported earnings per share:
10-31-2018:  0.45
07-31-2018:  0.42
04-30-2018:  0.16
01-31-2018:  0.07

Base on our calculations, the intrinsic value per share is 30.81, which means it may be overvalued by -25.59%

Indicators to Watch:

Based on the latest filings, there is 4.00% of insider ownership and 149.60% of institutional ownership. Short-interest is 6,914,590, which is 4.42% of shares outstanding. The short-interest ratio or days-to-cover ratio is 2.22. This stock has some short interest, but it may be normal and no cause for concern if long the position.

The current calculated beta is 1.02

SeekingAlpha:  Ciena -1.6% on BofAML downgrade

Fundamental Indicators:

Based on last reported financials, the company’s return on equity is -16.96%, return on assets is -8.94%, profit margin is 5.26%, price-to-sales is 2.42 and price-to-book is 3.07.

Company Scores:

All scores are out of six:
 0  :Valuation Score
 0  :Past Performance Score
 5  :Financial Strength Score
 3  :Future Growth Score
 0  :Dividend Score
 2  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.