Are Things Looking Up For 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

The company is listed on the NYSE and operates within the Communication Equipment industry segment. The current market capitalization of CIENA Corp is $10.23B. A total of 1.07 million shares were traded on the day, compared to an average of 1.98M shares.

In the most recent transaction, Cumello Joseph sold 1,289 shares of CIEN for 68.99 per share on Nov 15 ’24. After the transaction, the SVP, General Mgr. Blue Planet now owns 39,486 company shares. In a previous transaction on Nov 15 ’24, Rothenstein David M sold 3,500 shares at 68.99 per share. CIEN shares that SVP and Chief Strategy Officer owns now total 196,497.

Among the insiders who bought shares, JOSEPH CUMELLO acquired of 1,289 shares on Nov 15 ’24 at a per-share price of $68.99. In another insider transaction, DAVID ROTHENSTEIN bought 3,500 shares at $68.99 per share on Nov 15 ’24.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, CIEN has a high of $73.47 and a low of $42.20.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. 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 $20.02, while its Total Shareholder’s Equity was $3.02B.

Analysts Opinion

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. 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 3.87.

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