Ciena Co. (NASDAQ: CIEN) Market Updates – Analysis and Comparisons

Ciena Co. day trading at USD 55.78 per share, then rallying to 57.19 and closing at USD 56.31 per share. A net gain of 0.95% for the day. Long term pricing analysis shows the stock trading at -0.54% lower than it’s 52week high and -82.79% higher than the 52week low. The share volume traded for the day was 3,740K which was 1 times the 50 Day Average Volume.

Ciena Co. had a market cap of 8,643,779K as of 3rd June 2020. The Earnings Per Share (EPS) for Q4 2019 is $1.79

Ciena Co. is a major American manufacturer of household products that is headquartered in Ewing, New Jersey. While it manufactures many items, it is best known for its Arm & Hammer line which includes baking soda and a variety of products made with it, including laundry detergent.

Financial Results

Ciena Co. Reports First Quarter Of Fiscal 2020.

  • Ciena reported revenue of $832.9 million as compared to $778.5 million for the fiscal first quarter of 2019.
  • Ciena’s GAAP net income for the fiscal first quarter 2020 was $62.3 million, or $0.40 per diluted common share, which compares to a GAAP net income of $33.6 million, or $0.21 per diluted common share, for the fiscal first quarter 2019.
  • Ciena’s adjusted (non-GAAP) net income for the fiscal first quarter 2020 was $81.7 million, or $0.52 per diluted common share, which compares to an adjusted (non-GAAP) net income of $52.8 million, or $0.33 per diluted common share, for the fiscal first quarter 2019.

Ciena Co. (3rd June 2020): The Institutional Ownership as of today stood at 90.42% and the Total Value of Holdings (millions) is $ 7,727.

New Institutional Holders and other activity – As of today, the total number of shares held is 138,800,920 by 503 institutional holders.

LATEST NEWS:

2-June-2020:- Martingale Asset Management L P Makes New $461,000 Investment in Ciena Co. (NYSE: CIEN)

Martingale Asset Management LP bought a new position in shares of Ciena Co. (NYSE: CIEN) during the first quarter, Holdings Channel reports. The institutional investor bought 11,576 shares of the communications equipment provider’s stock, valued at approximately $461,000. Several other large investors have also modified their holdings of CIEN.

30-May-2020:- Ciena Co. (NYSE: CIEN) Expected to Earn Q4 2020 Earnings of $0.60 Per Share

Equities research analysts at Jefferies Financial Group reduced their Q4 2020 EPS estimates for shares of Ciena in a research note issued to investors on Monday, May 25th. Jefferies Financial Group analyst G. Notter now expects that the communications equipment provider will post earnings of $0.60 per share for the quarter, down from their previous estimate of $0.72. Jefferies Financial Group also issued estimates for Ciena’s Q1 2021 earnings at $0.40 EPS.

27-May-2020:- Swiss National Bank Grows Holdings in Ciena Co. (NYSE: CIEN)

Swiss National Bank increased its position in shares of Ciena Co. (NYSE: CIEN) by 1.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 300,000 shares of the communications equipment provider’s stock after buying an additional 3,100 shares during the period.

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