Active Stock Evaluation: Ciena Corporation (NYSE: CIEN)

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.

Steve Backshall

Steve Backshall

I am Steve Backshall and I give an insight into the most recent news hitting the Technology Sector in Wall Street. I have been an independent financial adviser for over 10 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicizes valuable information for shareholder community. I am an accomplished journalist who has a passion for travel. My desire to see the world has taken me to countries around the world and given me the opportunity to report for some of the top news organizations.

Leave a Reply

Your email address will not be published. Required fields are marked *