For its fourth fiscal quarter (ending October 31), Ciena Corp (NYSE: CIEN) has reported a 59% increase in E.P.S. from $0.39 a year ago to $0.62 in the current quarter. Relative to the consensus estimate of $0.69, this was a shortfall of $-0.07. For the latest four quarters through October 31, E.P.S. were $1.71 compared to $1.01 a year ago — an increase of 69%.
Recent Price Action
Ciena Corp (NYSE: CIEN) stock closed at $46.31 on 12/7/23 after an increase of 1.2%. Moreover, trading volume in this advance was exceptionally high at 420% of normal. The stock has risen 2.2% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, CIEN is expected to continue to be an important Value Builder.
Ciena has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Ciena has a slightly negative Power Rating of 39 and a slightly negative Appreciation Score of 35, and the Negative Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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