US OptionsDetailed Quotes
CIEN240816C50000
- 0.55
- -1.05-65.63%
15min DelayClose Aug 2 16:00 ET
1.25High0.55Low
1.10Open1.60Pre Close169 Volume2.08K Open Interest50.00Strike Price14.18KTurnover33.49%IV5.05%PremiumAug 16, 2024Expiry Date0.00Intrinsic Value100Multiplier12DDays to Expiry0.55Extrinsic Value100Contract SizeAmericanOptions Type0.2890Delta0.1141Gamma91.66Leverage Ratio-0.0429Theta0.0046Rho26.49Eff Leverage0.0306Vega
Ciena Stock Discussion
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Morning Movers
Gapping up
$Citigroup(C.US$ shares increased by more than 2% after the bank reported revenue of $21.1 billion, surpassing analysts' expectations.
$Blackrock(BLK.US$ 's stock grew by 2% following a quarterly report that exceeded expectations, with earnings per share of $9.81 on revenue of $4.73 billion.
$Globe Life(GL.US$ shares surged approximately 9% in extended trading on Friday, recovering from a more than 50%...
Gapping up
$Citigroup(C.US$ shares increased by more than 2% after the bank reported revenue of $21.1 billion, surpassing analysts' expectations.
$Blackrock(BLK.US$ 's stock grew by 2% following a quarterly report that exceeded expectations, with earnings per share of $9.81 on revenue of $4.73 billion.
$Globe Life(GL.US$ shares surged approximately 9% in extended trading on Friday, recovering from a more than 50%...
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Despite lukewarm market response, Ciena's earnings potential may be stronger than perceived due to robust free cash flow and higher earnings per share. A comprehensive understanding of the company's performance requires more factors to be considered.
2
Despite Ciena's reinvestment of its capital, the returns it's generating haven't increased. Given the underlying trends, it's unlikely to be a multi-bagger going forward.
Daryanani predicts Ciena's earnings per share could reach $3.50 or more in fiscal 2024, surpassing the $2.90 consensus estimate. He views Ciena as a 'very attractive asset', the best-in-class optical vendor, and expects the stock to rise due to a 'series of beat and raises coupled with multiple expansion'.
The market's prediction of continued strong earnings growth is reflected in Ciena's high P/E ratio. Shareholders' reluctance to sell the stock indicates an anticipation for a prospering future, making a significant share price drop unlikely.
Ciena's revenue spike may signify aptly handling pandemic-induced demand. The CEO's aim to corner cloud customers aligns with market trends. However, the low telecom demand reflects an industry-wide tendency.
Though Ciena's EPS fall does not align with share price variation, its long-term performance is praised. Metrics like revenue growth rate may be more crucial to investors.
Here are the top gap ups and downs for the stocks with a market cap above $5 billion after market closed (gaps range from large to small):
Gap Ups
1. $Ciena(CIEN.US$ - up 9.1%
2. $Okta(OKTA.US$ - up 6.0%
3. $UGI Corp(UGI.US$ - up 5.5%
4. $Shopify(SHOP.US$ - up 5.4%
5. $UBS Group(UBS.US$ - up 3.8%
6. $Salesforce(CRM.US$ - up 2.6%
7. $KE Holdings(BEKE.US$ - up 2.5%
8. $CrowdStrike(CRWD.US$ - up 2.3%
9. $MINISO(MNSO.US$ - up...
Gap Ups
1. $Ciena(CIEN.US$ - up 9.1%
2. $Okta(OKTA.US$ - up 6.0%
3. $UGI Corp(UGI.US$ - up 5.5%
4. $Shopify(SHOP.US$ - up 5.4%
5. $UBS Group(UBS.US$ - up 3.8%
6. $Salesforce(CRM.US$ - up 2.6%
7. $KE Holdings(BEKE.US$ - up 2.5%
8. $CrowdStrike(CRWD.US$ - up 2.3%
9. $MINISO(MNSO.US$ - up...
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Pre-Market Stock Movers
Gapping up
$Salesforce(CRM.US$ jumped 6.2% following its earnings beat after the bell Wednesday. Adjusted earnings per share came in at $2.12 for the second quarter, versus the consensus estimate of $1.90, per Refinitiv. Revenue was $8.60 billion, topping the $8.53 expected. Goldman Sachs subsequently hiked its price target by $15 to $340 a share, suggestions 58% upside.
$UBS Group(UBS.US$ popp...
Gapping up
$Salesforce(CRM.US$ jumped 6.2% following its earnings beat after the bell Wednesday. Adjusted earnings per share came in at $2.12 for the second quarter, versus the consensus estimate of $1.90, per Refinitiv. Revenue was $8.60 billion, topping the $8.53 expected. Goldman Sachs subsequently hiked its price target by $15 to $340 a share, suggestions 58% upside.
$UBS Group(UBS.US$ popp...
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Here are the top gap ups and downs for the stocks with a market cap above $5 billion after market closed (gaps range from large to small):
Gap Ups
1. $ACADIA Pharmaceuticals(ACAD.US$ - up 24.7%
2. $Elanco Animal Health(ELAN.US$ - up 11.7%
3. $UnitedHealth(UNH.US$ - up 7.2%
4. $Elevance Health(ELV.US$ - up 5.0%
5. $The Cigna Group(CI.US$ - up 4.7%
6. $Genmab(GMAB.US$ - up 3.3%
7. $Centene(CNC.US$ - up 3.1%
8. $Molina Healthcare(MOH.US$ - up 3.0%...
Gap Ups
1. $ACADIA Pharmaceuticals(ACAD.US$ - up 24.7%
2. $Elanco Animal Health(ELAN.US$ - up 11.7%
3. $UnitedHealth(UNH.US$ - up 7.2%
4. $Elevance Health(ELV.US$ - up 5.0%
5. $The Cigna Group(CI.US$ - up 4.7%
6. $Genmab(GMAB.US$ - up 3.3%
7. $Centene(CNC.US$ - up 3.1%
8. $Molina Healthcare(MOH.US$ - up 3.0%...
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