What Are The Chances Of CIENA Corp. (NYSE: CIEN) Becoming A Clear Buy?

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.

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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. At the end of the last regular session, the stock closed at $46.61 and fluctuated between $46.42 as its day high and $45.26 as its day low. The current market capitalization of CIENA Corp. is $6.74B. A total of 1.46 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.

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.

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 4.27.

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