After Hours
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. Recently, Yahoo Finance discussed the stock, revealing that Astound Business Solutions Launches Commercial 400G Wavelength Service across the U.S., Powered by Ciena.
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Stocks Info
As a NYSE listed company, CIEN falls under the Technology sector while operating within the Communication Equipment industry segment. The current market capitalization of CIENA Corp. is $8.14B. A total of 1.12 million shares were traded on the day, compared to an average of 1.87M shares.
Insider Activity
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, CIEN has seen 1 BUY and 6 SELL insider trades, representing the acquisition of 21,799 and the disposition of 2,053 shares. Over the last 12 months, there were 12 BUYs and 164 SELLs from insiders. Insiders purchased 71,333 shares during that period but sold 183,828.
In the most recent transaction, SMITH GARY B sold 8,332 shares of CIEN for 56.86 per share on Feb 15. After the transaction, the President, CEO now owns 415,674 company shares. In a previous transaction on Feb 15, Rothenstein David M sold 3,500 shares at 56.69 per share. CIEN shares that SVP and Chief Strategy Officer owns now total 233,501.
Among the insiders who sold shares, SMITH GARY B disposed of 70,838 shares on Feb 01 at a per-share price of $54.11. This resulted in the President, CEO holding 424,006 shares of CIEN after the transaction. In another insider transaction, SMITH GARY B sold 4,166 shares at $50.56 per share on Jan 16. Company shares held by the President, CEO now total 494,844.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for CIEN in the last 3 months, the mean price target is $59.10 with high estimates of $68.00 and low estimates of $42.50. In terms of 52-week highs and lows, CIEN has a high of $57.73 and a low of $39.94.
As of this writing, CIEN has an earnings estimate of $0.47 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $0.54 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
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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
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. 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 4.46.
