There’s No Getting Around CIENA Corp. (NYSE: CIEN) Success

After Hours

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.

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Stocks Info

CIEN belongs to the Technology sector of the NYSE while operating in the Communication Equipment industry. The current market capitalization of CIENA Corp. is $9.18B. A total of 2.81 million shares were traded on the day, compared to an average of 1.70M shares.

In the most recent transaction, Phipps Jason sold 2,200 shares of CIEN for 61.49 per share on Oct 01 ’24. After the transaction, the SVP Global Sales and Marketing now owns 91,149 company shares. In a previous transaction on Oct 01 ’24, JASON PHIPPS bought 2,200 shares at 61.49 per share.

Among the insiders who sold shares, Cumello Joseph disposed of 1,289 shares on Sep 16 ’24 at a per-share price of $56.24. This resulted in the SVP, General Mgr. Blue Planet holding 43,396 shares of CIEN after the transaction. In another insider transaction, Rothenstein David M sold 3,500 shares at $56.24 per share on Sep 16 ’24. Company shares held by the SVP and Chief Strategy Officer now total 205,421.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, CIEN has a high of $66.78 and a low of $39.94.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $20.02, while its Total Shareholder’s Equity was $3.02B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after 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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