Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $24.5900 on Ciena Corporation (NYSE:CIEN) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.4000 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Ciena Corporation (NYSE:CIEN) stands at 235.4850.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Ciena Corporation Common Stock, the PEG ratio for coming 3-5 years is 0.9200.
The technical analysis highlights that Ciena Corporation Common Stock current is trading $1.8610 points away or +9.2868% from its 50-day moving average of $20.0391. Further it is trading $3.1671 or +16.9065% away its 200-day moving average of $18.7330.
The 52-week high of Ciena Corporation (NYSE:CIEN) was $25.4600 while lowest point recorded in 52-week was $15.6200. It implies if stock price makes a movement of over $-3.5599, it will record a new 52-week high. In the case of +40.2055% drop, it will touch a new 52-week low.
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...