CIENA Corp (CIEN): A Case For Going Higher

After Hours

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.

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Stocks Info

This NYSE-listed company operates within the Communication Equipment industry segment, falling under the Technology sector. The current market capitalization of CIENA Corp is $13.97B. A total of 3.55 million shares were traded on the day, compared to an average of 2.08M shares.

In the most recent transaction, JOSEPH CUMELLO bought 1,289 shares of CIEN for 89.09 per share on Dec 16 ’24. In a previous transaction on Dec 16 ’24, DAVID ROTHENSTEIN bought 3,500 shares at 89.09 per share.

Among the insiders who sold shares, Cumello Joseph disposed of 1,289 shares on Nov 15 ’24 at a per-share price of $68.99. This resulted in the SVP, General Mgr. Blue Planet holding 39,486 shares of CIEN after the transaction. In another insider transaction, Rothenstein David M sold 3,500 shares at $68.99 per share on Nov 15 ’24. Company shares held by the SVP and Chief Strategy Officer now total 196,497.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, CIEN has a high of $91.25 and a low of $42.20.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its 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 $19.74, 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 4.00.

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