Stock To Watch: Ciena Corporation (NYSE:CIEN)


The leading market experts have placed a mean price target of $24.59 on Ciena Corporation (NYSE:CIEN) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.49 a share for the upcoming quarter and $1.40 for the current fiscal. Technical View The technical analysis of Ciena Corporation Common Stock plainly substantiates that the 50-day moving average of Ciena Corporation Common Stock is $19.52, and stock is hovering 0.70 or +3.56% distant from $19.52. It is noted that the 200-day MA is $18.47, and Ciena Corporation Common Stock stock is $1.75 or +9.47% off from this point. Ciena Corporation (NYSE:CIEN) 52-week high is $25.46 and the 52-week low is $15.62. This explains if the stock moves $-5.24, it will post a 52-week high. In event of $+29.45% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Ciena Corporation Common Stock, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Ciena Corporation (NYSE:CIEN) ratio came in at 217.42. The stock last ended the trading session at $20.22 and registered a market cap of $2.79B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Ciena Corporation (NYSE:CIEN) PEG ratio is at 0.84.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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