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Ciena Corporation (CIEN)
Ciena Corporation (CIEN)
Ranking:
Sell
Implies negative momentum
Stock Name: Ciena Corporation
Symbol: CIEN
Market Cap: $12.08B
Industry: Communication Equipment
Sector: Technology
Website: https://www.ciena.com
About Ciena Corporation

Ciena Corporation provides network hardware, software, and services that support the transport, routing, switching, aggregation, service delivery, and management of video, data, and voice traffic on communications networks worldwide. The company's Networking Platforms segment offers hardware networking products and solutions that optimized for the convergence of coherent optical transport, optical transport network switching, and packet switching. Its products include 6500 Packet-Optical Platform, 5430 Reconfigurable Switching System, Waveserver stackable interconnect system, and the 6500 Reconfigurable line system, and the 5400 family of Packet-Optical platforms, as well as Z-Series Packet-Optical Platform; 3000 family of service delivery switches and service aggregation switches, and the 5000 family of service aggregation switches, as well as 8700 Packetwave Platform and the Ethernet packet configuration for the 5410 Service Aggregation Switch; and 6500 Packet Transport System Please visit their website for more information.

Overview:
Last Close: $85.01
52 Week: $43.56-$91.14
MVA50: 74.87
MVA200: 61.02
Quarterly Revenue: $1.12B
RSI: 64.66
Buy/Sell*: 62.65
1-Month change: 20.93%
3-Month change: 36.13%
EPS: 0.26
*Proprietary Buy Sell Volume Indicator
Price Chart For CIEN
Our Approach

Our proprietary analysis employs a weighted average approach integrating both functional and technical parameters, tailored to the sector, industry, and microeconomic factors. This methodology assigns dynamic weights to the parameters, with a focus on recent trends, ensuring a nuanced evaluation for informed investment decisions. Considering various financial parameters of the stock from its income statement, balance sheet, and cash flow, in addition to some of the derived parameters of the stock in conjunction with its sector and macroeconomic conditions, our proprietary Weighted Average AI model gives a rank of Sell.

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