After Hours
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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
CIENA Corp. is listed on the NYSE in the Technology sector while operating in the Communication Equipment industry. At the end of the last regular session, the stock closed at $61.11 and fluctuated between $62.41 as its day high and $60.79 as its day low. The current market capitalization of CIENA Corp. is $8.86B. A total of 2.36 million shares were traded on the day, compared to an average of 1.99M shares.
Insider Activity
Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. 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 163 SELLs from insiders. Insiders purchased 71,333 shares during that period but sold 183,328.
In the most recent transaction, SMITH GARY B sold 8,332 shares of CIEN for 60.20 per share on Mar 01. After the transaction, the President, CEO now owns 407,342 company shares. In a previous transaction on Feb 15, SMITH GARY B sold 8,332 shares at 56.86 per share. CIEN shares that President, CEO owns now total 415,674.
Among the insiders who sold shares, Rothenstein David M disposed of 3,500 shares on Feb 15 at a per-share price of $56.69. This resulted in the SVP and Chief Strategy Officer holding 233,501 shares of CIEN after the transaction. In another insider transaction, SMITH GARY B sold 70,838 shares at $54.11 per share on Feb 01. Company shares held by the President, CEO now total 424,006.
Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, CIEN has a high of $63.24 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
As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future 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
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. 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.
