Aug 10, 2006
- Despite a falling
stock price, money flow for CIEN has recently been very positive. With the
stock now...
Ciena
Corporation (CIEN) supplies communication network services, software, and
hardware.
Key
Information:
Fundamental:
Sector:
Technology
Industry:
Processing Systems & Products
Liquidity:
Market
Capitalization: $2.17 billion
Average daily
volume (3-month): 20 million shares
Closing Stock
Price: $3.69
Risk
Proxies:
52-week high /
52-week low: 2.75
Beta
(3-month): 2.82
Debt/Equity:
1.16
Profitable:
No
This stock is
risky! If you decide to trade it, please use appropriate position sizing!
Valuation:
Price/Sales:
4.27
Price/Book:
2.83
Price/Earnings:
Negative
Price/2008
Analyst Earnings Estimates: 36.90
Expected
Trade Time Horizon: Two weeks
Analysis
Despite a
falling stock price, money flow for CIEN has recently been very positive.
With the stock now showing additional technical signs that an advance is likely
to be imminent, we are bullish on the stock.
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Key
Levels
Buy:
Market
We are
technically bullish on the stock at current levels
Stop Loss:
3.29
Slightly below
the recent lows
Target:
4.74
Slightly below
the June highs
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