Ciena (CIEN) closed at $41.81 within the newest buying and selling session, marking a -0.71% transf
Ciena (CIEN) closed at $41.81 within the newest buying and selling session, marking a -0.71% transfer from the prior day. This modification lagged the S&P 500’s 0.01% achieve on the day. Elsewhere, the Dow gained 0.39%, whereas the tech-heavy Nasdaq misplaced 0.36%.
Previous to as we speak’s buying and selling, shares of the developer of high-speed networking know-how had gained 2.38% over the previous month. This has lagged the Pc and Know-how sector’s achieve of 4.31% and the S&P 500’s achieve of two.55% in that point.
Buyers can be hoping for power from CIEN because it approaches its subsequent earnings launch. The corporate is anticipated to report EPS of $0.63, up 8.62% from the prior-year quarter. Our most up-to-date consensus estimate is asking for quarterly income of $828.61 million, down 14.4% from the year-ago interval.
For the total yr, our Zacks Consensus Estimates are projecting earnings of $2.98 per share and income of $3.53 billion, which might characterize modifications of +41.23% and -1.15%, respectively, from the prior yr.
Buyers also needs to be aware any latest modifications to analyst estimates for CIEN. Current revisions are inclined to replicate the newest near-term enterprise traits. Because of this, we will interpret constructive estimate revisions as signal for the corporate’s enterprise outlook.
Analysis signifies that these estimate revisions are instantly correlated with near-term share value momentum. Buyers can capitalize on this by utilizing the Zacks Rank. This mannequin considers these estimate modifications and supplies a easy, actionable score system.
Starting from #1 (Robust Purchase) to #5 (Robust Promote), the Zacks Rank system has a confirmed, outside-audited observe file of outperformance, with #1 shares returning a mean of +25% yearly since 1988. Inside the previous 30 days, our consensus EPS projection has moved 0.67% decrease. CIEN is at the moment a Zacks Rank #4 (Promote).
By way of valuation, CIEN is at the moment buying and selling at a Ahead P/E ratio of 14.15. Its trade sports activities a mean Ahead P/E of 14.15, so we one would possibly conclude that CIEN is buying and selling at a no noticeable deviation comparatively.
Buyers also needs to be aware that CIEN has a PEG ratio of 0.88 proper now. This metric is used equally to the well-known P/E ratio, however the PEG ratio additionally takes under consideration the inventory’s anticipated earnings development charge. CIEN’s trade had a mean PEG ratio of 0.88 as of yesterday’s shut.
The Fiber Optics trade is a part of the Pc and Know-how sector. This trade at the moment has a Zacks Trade Rank of 246, which places it within the backside 3% of all 250+ industries.
The Zacks Trade Rank gauges the power of our trade teams by measuring the typical Zacks Rank of the person shares throughout the teams. Our analysis exhibits that the highest 50% rated industries outperform the underside half by an element of two to 1.
You’ll want to observe 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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