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1 Comment
Ciena Corporation is currently in a long term uptrend where the price is trading 10.0% above its 200 day moving average.
From a valuation standpoint, the stock is 89.7% cheaper than other stocks from the Technology sector with a price to sales ratio of 2.6.
Ciena Corporation's total revenue sank by 9.1% to $757M since the same quarter in the previous year.
Its net income has dropped by 11.2% to $55M since the same quarter in the previous year.
Finally, its free cash flow fell by 317.8% to $-28M since the same quarter in the previous year.
Based on the above factors, Ciena Corporation gets an overall score of 2/5.
ISIN | US1717793095 |
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Sector | Technology |
Exchange | NYSE |
CurrencyCode | USD |
Industry | Communication Equipment |
Target Price | 77.874 |
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Beta | 1.15 |
Market Cap | 9B |
PE Ratio | 116.89 |
Dividend Yield | None |
Ciena Corporation, a network technology company, provides hardware, software, and services for various network operators in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and India. It operates through Networking Platforms, Platform Software and Services, Blue Planet Automation Software and Services, and Global Services segments. The Networking Platforms segment consist of a range of products and solutions for convergence of coherent optical transport, open optical networking, optical transport network switching, IP routing, and switching services. This segments products include the 6500 Packet-Optical Platform, Waveserver modular interconnect system, the 6500 Reconfigurable Line system, Coherent ELS open line system, O-NID edge OTN demarcation device, coherent pluggable transceivers, and the 5400 family of Packet-Optical platforms; and the 3000 family of service delivery platforms and the 5000 family of service aggregation, as well as the 8100 Coherent IP networking platforms, WaveRouter product, virtualization software, the 6500 Packet Transport system, the 8700 Packetwave platform, and SD-Edge software and passive optical network routing and switching portfolio products. The Platform Software and Services segment offers Navigator Network Control Suite domain controller solution, OneControl unified management system, and data and planning tools. The Blue Planet Automation Software and Services segment comprises inventory management, multi-domain service orchestration, multi-cloud orchestration, route optimization and analysis, and unified assurance and analytics. The Global Services segment provides maintenance support and training, installation and deployment, and consulting and network design services. Ciena Corporation was incorporated in 1992 and is headquartered in Hanover, Maryland.
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