Investors’ Patience Is Being Tested Right Now By CIENA Corp. (NYSE: CIEN)

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.

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Stocks Info

CIENA Corp. is listed on the NYSE as a member of the Technology sector and is a part of the Communication Equipment industry. The current market capitalization of CIENA Corp. is $6.48B. A total of 1.32 million shares were traded on the day, compared to an average of 2.09M shares.

In the most recent transaction, SMITH GARY B sold 4,166 shares of CIEN for 44.80 per share on Apr 15 ’24. After the transaction, the President, CEO now owns 385,109 company shares. In a previous transaction on Apr 15 ’24, Rothenstein David M sold 3,500 shares at 45.74 per share. CIEN shares that SVP and Chief Strategy Officer owns now total 224,711.

Among the insiders who sold shares, Cumello Joseph disposed of 3,156 shares on Apr 15 ’24 at a per-share price of $45.74. This resulted in the SVP, General Mgr. Blue Planet holding 51,171 shares of CIEN after the transaction. In another insider transaction, SMITH GARY B sold 4,166 shares at $49.39 per share on Apr 01 ’24. Company shares held by the President, CEO now total 389,275.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. 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 $Ciena Corporation per share for the current quarter. EPS was calculated based on a consensus of Compugen Ltd. estimates, with a high estimate of $CISN per share and a lower estimate of $Clearway Energy, Inc..

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. 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 $20.17, while its Total Shareholder’s Equity was $3.02B.

Analysts Opinion

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. 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 4.27.

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