Ciena Corporation (CIEN) : Traders are bullish on Ciena Corporation (CIEN) as it has outperformed the S&P 500 by a wide margin of 13% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.94%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.28% in the last 1 week, and is up 12.77% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 4.58% and the fifty day Moving Average is 8.04%. Ciena Corporation is up 25.81% in the last three month period. Year-to-Date the stock performance stands at 4.59%.
Ciena Corporation (CIEN) : The highest level Ciena Corporation (CIEN) is projected to reach is $33 for the short term and the lowest estimate is at $17. The consolidated price target from 11 rating analysts who initiate coverage on the stock is $24.23 and the possibility the share price can swing is $3.87.
Ciena Corporation (NYSE:CIEN): On Fridays trading session , Opening price of the stock was $21.79 with an intraday high of $21.8184. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $21.41. However, the stock managed to close at $21.64, a loss of 0.73% for the day. On the previous day, the stock had closed at $21.8. The total traded volume of the day was 1,748,381 shares.
Ciena Corporation (Ciena) is a provider of communications networking equipment, software and services that support the transport, switching, aggregation and management of voice, video and data traffic. The Company operates in four segments: converged packet optical, packet networking, optical transport, and software and services. Its service provider customers include regional, national and international, wire line and wireless carriers. Its cable operator customers include cable and multiservice operators in the United States and internationally. Its Blue Planet Division provides multi-vendor network management software and service orchestration solutions. Its Blue Planet product portfolio includes software applications, including Planet Orchestrate and Planet Operate, as well as its software-defined networking (SDN) multilayer wide area network (WAN) controller and its applications, V-WAN, Agility Matrix and network management solutions.