After Hours
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. The stock was recently discussed on Yahoo Finance as it revealed that Hawaiki Offers 400GbE Services Enabled by Ciena.
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Stocks Info
The company is listed on the NYSE and operates within the Communication Equipment industry segment. At the end of the last regular session, the stock closed at $50.58 and fluctuated between $51.00 as its day high and $49.55 as its day low. The current market capitalization of CIENA Corp. is $7.33B. A total of 2.53 million shares were traded on the day, compared to an average of 1.57M shares.
Insider Activity
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, CIEN has seen 3 BUY and 11 SELL insider trades, representing the acquisition of 33,989 and the disposition of 16,785 shares. Over the last 12 months, there were 14 BUYs and 174 SELLs from insiders. Insiders purchased 101,815 shares during that period but sold 208,448.
In the most recent transaction, Phipps Jason sold 9,574 shares of CIEN for 44.53 per share on Jan 02. After the transaction, the SVP Global Sales and Marketing now owns 105,414 company shares. In a previous transaction on Jan 02, SMITH GARY B sold 4,166 shares at 45.04 per share. CIEN shares that President, CEO owns now total 499,010.
Among the insiders who sold shares, DiPerna Dino disposed of 800 shares on Jan 02 at a per-share price of $44.53. This resulted in the SVP Global R&D holding 45,935 shares of CIEN after the transaction. In another insider transaction, Gage Brodie sold 662 shares at $44.53 per share on Jan 02. Company shares held by the SVP Global Products & Supply now total 44,001.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for CIEN in the last 3 months, the mean price target is $59.43 with high estimates of $70.00 and low estimates of $42.50. In terms of 52-week highs and lows, CIEN has a high of $54.25 and a low of $39.94.
As of this writing, CIEN has an earnings estimate of $0.48 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $0.55 per share and a lower estimate of $0.37. The company reported an EPS of $0.59 in the last quarter, which was 15.70% higher than expectations of $0.51.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. CIEN’s latest balance sheet shows that the firm has $1.60B in Cash & Short Term Investments as of fiscal 2021. There were $803.68M in debt and $909.03M in liabilities at the time. Its Book Value Per Share was $19.67, while its Total Shareholder’s Equity was $3.02B.
Analysts Opinion
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CIEN is Buy with a score of 4.36.
