$Ciena (CIEN.US)$In the 2023.2.23 analysis, it was excluded ...
$Ciena(CIEN.US$In the 2023.2.23 analysis, it was excluded because the valuation was too high, and the stock price has increased by 3.3% so far.
The American company, which was listed in 1997, is mainly in the network software and hardware business. The main market is in the US, and the current price is 49.6.
In the past 5 years, revenue did not change much in the first 4 years, and increased 20.8% in 2023. Operating profit has shrunk in the past two years due to a sharp decline in gross margin. It is about the same level as 4 years ago, and net profit has also fallen to the level of 2019.
In 2024Q1, revenue fell 1.8%, operating profit fell 2.7%, and net profit shrank sharply by 35%.
Currently, the price-earnings ratio is 29, and the price-earnings ratio is TTM32, which is less attractive than the growth rate.
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