In the newest buying and selling session, Ciena (CIEN) closed at $44.80, marking a +0.74% transfer
In the newest buying and selling session, Ciena (CIEN) closed at $44.80, marking a +0.74% transfer from yesterday. The inventory outpaced the S&P 500’s each day lack of 0.46%. On the identical time, the Dow misplaced 0.91%, and the tech-heavy Nasdaq misplaced 0.06%.
Coming into at present, shares of the developer of high-speed networking know-how had gained 14.58% up to now month. In that very same time, the Laptop and Know-how sector gained 7.04%, whereas the S&P 500 gained 7.53%.
Wall Road might be in search of positivity from CIEN because it approaches its subsequent earnings report date. That is anticipated to be December 10, 2020. In that report, analysts anticipate CIEN to publish earnings of $0.63 per share. This could mark year-over-year development of 8.62%. In the meantime, the Zacks Consensus Estimate for income is projecting web gross sales of $828.61 million, down 14.4% from the year-ago interval.
Buyers may additionally discover current adjustments to analyst estimates for CIEN. These revisions assist to point out the ever-changing nature of near-term enterprise traits. With this in thoughts, we are able to take into account constructive estimate revisions an indication of optimism in regards to the firm’s enterprise outlook.
Our analysis reveals that these estimate adjustments are straight correlated with near-term inventory costs. To profit from this, we now have developed the Zacks Rank, a proprietary mannequin which takes these estimate adjustments into consideration and offers an actionable score system.
The Zacks Rank system ranges from #1 (Robust Purchase) to #5 (Robust Promote). It has a outstanding, outside-audited observe document of success, with #1 shares delivering a median annual return of +25% since 1988. Over the previous month, the Zacks Consensus EPS estimate remained stagnant. CIEN is holding a Zacks Rank of #4 (Promote) proper now.
Buyers also needs to word CIEN’s present valuation metrics, together with its Ahead P/E ratio of 16.61. Its trade sports activities a median Ahead P/E of 16.61, so we one would possibly conclude that CIEN is buying and selling at a no noticeable deviation comparatively.
In the meantime, CIEN’s PEG ratio is at the moment 1.04. This standard metric is just 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. The Fiber Optics trade at the moment had a median PEG ratio of 1.04 as of yesterday’s shut.
The Fiber Optics trade is a part of the Laptop and Know-how sector. This trade at the moment has a Zacks Business Rank of 248, which places it within the backside 3% of all 250+ industries.
The Zacks Business Rank contains is listed so as from greatest to worst by way of the common Zacks Rank of the person corporations 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.
To comply with CIEN within the coming buying and selling periods, make sure you make the most of Zacks.com.
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Ciena Company (CIEN): Free Inventory Evaluation Report
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