On Monday, Shares of Ciena Corporation (NYSE: CIEN) showed the bullish trend with a higher momentum of 0.74% and ended its trading session at $27.17. The company traded total volume of 1.71M shares as contrast to its average volume of 3.19M shares. The company has a market value of $3.91B and about 143.98M shares outstanding. During the 52-week trading session, the minimum price at which share price traded was registered at $19.40 and reached the max level of $27.73.
Ciena, a network strategy and technology company, recently declared unaudited financial results for its fiscal second quarter ended April 30, 2018.
For the fiscal second quarter 2018, Ciena stated revenue of $730.00M as contrast to $707.00M for the fiscal second quarter 2017.
Ciena’s GAAP net income for the fiscal second quarter 2018 was $13.90M, or $0.09 per diluted common share, which compares to a GAAP net income of $38.00M, or $0.25 per diluted common share, for the fiscal second quarter 2017.
Ciena’s adjusted (non-GAAP) net income for the fiscal second quarter 2018 was $33.80M, or $0.23 per diluted common share, which compares to an adjusted (non-GAAP) net income of $48.20M, or $0.30 per diluted common share, for the fiscal second quarter 2017.
The Company offered net profit margin of 26.70% while its gross profit margin was 42.80%. ROE was recorded as 46.20% while beta factor was 1.35. The stock, as of recent close, has shown the weekly upbeat performance of 4.22% which was maintained at 29.81% in this year.