In the most recent buying and selling session, Ciena (CIEN) closed at $41.24, marking a -0.6% trans
In the most recent buying and selling session, Ciena (CIEN) closed at $41.24, marking a -0.6% transfer from the day prior to this. This modification lagged the S&P 500’s every day achieve of 0.35%. In the meantime, the Dow misplaced 0.1%, and the Nasdaq, a tech-heavy index, added 0.37%.
Coming into at the moment, shares of the developer of high-speed networking know-how had gained 6.88% prior to now month. In that very same time, the Laptop and Expertise sector gained 5.54%, whereas the S&P 500 gained 4.32%.
CIEN will likely be trying to show power because it nears its subsequent earnings launch. In that report, analysts count on CIEN to publish earnings of $0.63 per share. This is able to mark year-over-year development of 8.62%. In the meantime, the Zacks Consensus Estimate for income is projecting internet gross sales of $828.61 million, down 14.4% from the year-ago interval.
CIEN’s full-year Zacks Consensus Estimates are calling for earnings of $2.98 per share and income of $3.53 billion. These outcomes would symbolize year-over-year adjustments of +41.23% and -1.15%, respectively.
Any latest adjustments to analyst estimates for CIEN also needs to be famous by buyers. Latest revisions are inclined to replicate the most recent near-term enterprise developments. As such, optimistic estimate revisions replicate analyst optimism in regards to the firm’s enterprise and profitability.
Our analysis reveals that these estimate adjustments are straight correlated with near-term inventory costs. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate adjustments into consideration and delivers a transparent, actionable score mannequin.
The Zacks Rank system ranges from #1 (Sturdy Purchase) to #5 (Sturdy Promote). It has a outstanding, outside-audited observe file of success, with #1 shares delivering a mean annual return of +25% since 1988. Over the previous month, the Zacks Consensus EPS estimate has moved 0.67% decrease. CIEN is presently sporting a Zacks Rank of #4 (Promote).
By way of valuation, CIEN is presently buying and selling at a Ahead P/E ratio of 13.95. This valuation marks a no noticeable deviation in comparison with its business’s common Ahead P/E of 13.95.
It is usually value noting that CIEN presently has a PEG ratio of 0.87. This well-liked metric is much like the widely-known P/E ratio, with the distinction being that the PEG ratio additionally takes into consideration the corporate’s anticipated earnings development price. Fiber Optics shares are, on common, holding a PEG ratio of 0.87 based mostly on yesterday’s closing costs.
The Fiber Optics business is a part of the Laptop and Expertise sector. This business presently has a Zacks Trade Rank of 247, which places it within the backside 3% of all 250+ industries.
The Zacks Trade Rank consists of is listed so as from finest to worst when it comes to the typical Zacks Rank of the person firms inside every of those sectors. Our analysis reveals that the highest 50% rated industries outperform the underside half by an element of two to 1.
You’ll want to comply with all of those stock-moving metrics, and lots of extra, on Zacks.com.
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Ciena Company (CIEN): Free Inventory Evaluation Report
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