Ciena Corporation (NYSE:CIEN)appointed Rajesh Nambiar as chairman and president of Ciena India in a newly established role to coordinate and accelerate the company’s advancement in the country. Based out of Ciena’s recently expanded Gurgaon campus, Nambiar provides executive leadership for local customers and partners, gives Ciena a voice within government and industry associations, and leads Ciena India’s growing employee base. Rajesh previously led IBM’s Application Services Business globally and served in various leadership roles at the company for more than 13 years.
The insider ownership percentage is the key indicator, can be used by investors, to measure the outlook of senior management has on their company. Insider ownership for the CIEN is 1.50%. Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments. The Institutional ownership for the CIEN is 96.50%.
Insider trading is the buying or selling of any publicly traded company’s stock and this can be done by someone who has non-public, material information about that CIEN. Insider trading can be illegal or legal depending on when the insider makes the trade. It is illegal when the material information is still non-public. The insider transactions of the company (6-month change in insider ownerships) for the Ciena Corporation (NYSE:CIEN) is -12.48%.
Institutional transactions is the amount of a Ciena Corporation (NYSE:CIEN)’s available stock owned by mutual or pension funds, insurance companies, investment firms, private foundations, endowments or other large entities that actually manage the funds on the behalf of others, so its an interesting element for the traders to note it, and the Institutional ownership for the CIEN is 0.12%.
A Technology sector firm, Ciena Corporation (NYSE:CIEN) stock edged up 0.57% on Tuesday and when day-trade ended the stock finally concluded at $42.21 and number of shares that changed hands during the day are 3.57 Million. The number of shares CIEN stock currently held by all its shareholders are 156.86 and floated shares, the number of shares are available for trading in an open market on last trading day are 153.92. The average volume of shares for 3 months is 3049.70 and CIEN stock value has moved between $25.13 – 46.38 in last one year.
The Ciena Corporation (NYSE:CIEN)’s latest earnings date is 6/6/2019. The Gross margin is the difference between the revenue and the cost of goods sold (COGS), divided by revenue. In other words, Gross Margin is a percentage value, while Gross Profit is a monetary value. The valuable gross margin for Ciena Corporation (NYSE:CIEN) is 43.10% and the profit margin is 6.00% and the stock has gained 24.48% in 2019 to date.
Ciena Corporation (NYSE:CIEN)’s monthly stock performance is 21.57%, the quarterly performance is 11.31%, the half year performance is calculated as 24.48%. The yearly performance of CIEN is 59.22%.
The higher the volatility, the riskier the security. For example, when the stock market rises and falls more than one percent over a sustained period of time, it is called a “volatile” market, if the stock price stays relatively stable, the security has low volatility. The Ciena Corporation (NYSE:CIEN) weekly volatility is measured as 2.19% and monthly volatility measured as 2.89%.
Return on assets (ROA) is a main indicator of how profitable a company is relative to its total assets. CIEN return on assets is 5.50%, the return on equity (ROE) of the Ciena Corporation (NYSE:CIEN) is 10.30%, while the most important return on investment is calculates as a percentage and is typically used for personal financial decisions, and CIEN return on investment is 6.80%.
The price to earnings ratio is 32.98, price to sales ratio is 1.97, and price to book ratio is 3.20, price to cash per share ration is 8.09, price to free cash flow is 37.81.
Analysts mean target price for Ciena Corporation (NYSE:CIEN) is $49.16 while analysts mean recommendation is 2.10. The current share price indicates that stock is -8.69% away from its one year high and is moving 67.60% ahead of its 52-week low. CIEN’s distance from 20 day simple moving average is -0.61% and distance from 50-Day simple moving average is 8.96%.