This Is Too Hot For CIENA Corp. (NYSE: CIEN), Let’s Take A Closer Look

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. Most recently, Yahoo Finance reported about the stock as it publicized that Blue Planet Unveils Industry’s Only Multi-Cloud Native OSS Platform.

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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 $6.81B. A total of 1.52 million shares were traded on the day, compared to an average of 2.10M shares.

In the most recent transaction, SMITH GARY B sold 4,166 shares of CIEN for 49.39 per share on Apr 01 ’24. After the transaction, the President, CEO now owns 389,275 company shares. In a previous transaction on Apr 01 ’24, Phipps Jason sold 2,792 shares at 49.61 per share. CIEN shares that SVP Global Sales and Marketing owns now total 100,853.

Among the insiders who sold shares, Gage Brodie disposed of 533 shares on Apr 01 ’24 at a per-share price of $49.61. This resulted in the SVP Global Products & Supply holding 41,372 shares of CIEN after the transaction. In another insider transaction, DiPerna Dino sold 490 shares at $49.61 per share on Apr 01 ’24. Company shares held by the SVP Global R&D now total 43,380.

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. 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 $0.14 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $0.24 per share and a lower estimate of $0.09. The company reported an EPS of $0.75 in the last quarter, which was 8.70% higher than expectations of $0.69.

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 $20.17, 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.

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