|Bid||42.20 x 800|
|Ask||43.74 x 800|
|Day's Range||42.18 - 43.21|
|52 Week Range||24.56 - 46.23|
|Beta (3Y Monthly)||0.48|
|PE Ratio (TTM)||34.20|
|Earnings Date||Aug 28, 2019 - Sep 3, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||46.16|
The 10 largest local publicly traded companies have seen their stock price increase by an average of 31.5% through June 13.
The acquisition of Cheddar perfectly complements Altice's (ATUS) hyperlocal and global news offerings, while Ciena's (CIEN) second-quarter fiscal 2019 earnings improve year over year.
Ciena (CIEN) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Ciena (CIEN) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank 2 (Buy).
Technically speaking, the U.S. benchmarks have staged a bullish June reversal, rising sharply from multi-month lows, writes Michael Ashbaugh.
released its fiscal second-quarter numbers Thursday morning and its shares soared as the provider of networking systems saw its earnings per share climb to 48 cents, which was double year-ago earnings and well ahead of the consensus estimate of 41 cents. Ciena's operating margin was 12.7% versus 7.7% a year ago, and Networking Platforms revenue was particularly strong. Ciena closed up nearly 27% Thursday.
Ciena fiscal second-quarter earnings and revenue handily beat analyst estimates, the company reported early Thursday. Shares of the optical communications gear soared into a buy zone.
The Dow Jones Industrial Average rose Thursday following a report that the White House may delay implementing tariffs on Mexican goods. slipped after it posted stronger-than-expected first quarter earnings but the threat of tariffs on China-made imports continues to hang over the discount retailer. shares rose amid reports that a massive push to drive end-of-quarter sales could lead to record deliveries for Elon Musk's clean-energy carmaker.
Major stock indexes were mixed Thursday, but top stocks weren't hard to find. An analyst upgrade lifted shares of Advanced Micro Devices.
The Dow Jones Industrial Average edged higher Thursday while the Nasdaq traded virtually flat. Ciena broke out to lead fiber optic stocks up.
The optical-networking company reported much-better-than-expected results for the fiscal second quarter ended April 30.
Shares of Ciena Corp. rocketed 26.3% in morning trade Thursday, putting it on track for the biggest one-day gain in 18 years, after the optical networking company reported big profit and revenue beats for its fiscal second quarter. The stock's trading volume has already topped 10.6 million shares, or more than 4-times the full-day average. The last time the stock, currently the biggest gainer on the NYSE, had a bigger gain was when it closed up 26.5% on Oct. 3, 2001. The rally is also helping to boost the shares of Lumentum Holdings Inc. , up 2.7%, and NeoPhotonics Inc. , up 5.1%. Ciena accounted for 11% of Lumentum's revenue in the fiscal year ending June 2018, and 16% of NeoPhontoics's revenue in the year ended December 2018. Among Ciena's largest customers, shares of both AT&T Inc. and Verizon Communications Inc. tacked on 1.3%. Ciena derived 12.1% of its fiscal 2018 revenue from AT&T and 10.3% of its revenue from Verizon. Ciena's stock has run up 34% year to date, while the S&P 500 has gained 13%.
Ciena's (CIEN) fiscal second-quarter results benefit from market share gains on the back of technology leadership and diversified customer base in high-growth markets.
AMD and Ciena were early stocks to watch Thursday as the stock market eased into day 3 of the attempted stock market rally.
Shares of Ciena rise after the optical networking company beats Wall Street's second-quarter earnings and revenue expectations.