US OptionsDetailed Quotes
CIEN241220P95000
- 10.20
- +2.50+32.47%
15min DelayTrading Dec 12 10:33 ET
10.20High7.70Low
7.70Open7.70Pre Close4 Volume0 Open Interest95.00Strike Price3.60KTurnover54.30%IV0.21%PremiumDec 20, 2024Expiry Date10.03Intrinsic Value100Multiplier8DDays to Expiry0.18Extrinsic Value100Contract SizeAmericanOptions Type-0.9207Delta0.0232Gamma7.73Leverage Ratio-0.0524Theta-0.0130Rho-7.11Eff Leverage0.0185Vega
Ciena Stock Discussion
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Columns Market Falls Thursday, Producer Inflation Grows, and Tech Pulls Back From Records | LiveStock
Happy Thursday, December 12th. The market fell on Thursday after tech stocks hit all-time highs Wednesday, and inflation in the prices companies pay rose more than expected. Here are the stories you might have missed affecting stocks today:
$Warner Bros Discovery (WBD.US)$ climbed 13%, the highest on the S&P 500 by percentage gain after the firm said Thursday it decided to cut its cable TV business from i...
$Warner Bros Discovery (WBD.US)$ climbed 13%, the highest on the S&P 500 by percentage gain after the firm said Thursday it decided to cut its cable TV business from i...
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$Ciena (CIEN.US)$ In June 2024, Nokia Corporation announced its agreement to acquire Infinera for approximately $2.3 billion. This strategic move aims to bolster Nokia’s optical networking capabilities. 
When considering potential acquisition targets for larger companies like $AT&T (T.US)$ or $Verizon (VZ.US)$ , several factors come into play, including strategic alignment, market position, and financial health. Among the U.S. optical network equi...
When considering potential acquisition targets for larger companies like $AT&T (T.US)$ or $Verizon (VZ.US)$ , several factors come into play, including strategic alignment, market position, and financial health. Among the U.S. optical network equi...
The market fell Wendesday morning, but moved toward a flat sideways crawl by the afternoon.
The $S&P 500 Index (.SPX.US)$ climbed 2 bps, the $Dow Jones Industrial Average (.DJI.US)$ climbed 11 bps, and the $Nasdaq Composite Index (.IXIC.US)$ climbed 6 bps.
MACRO
US September ADP Nonfarm Employment came in at 143,000 vs 124,000 forecasts, higher than last month's 99,000.
Meanwhile, crude oil inventories came in much higher than estimated: firm...
The $S&P 500 Index (.SPX.US)$ climbed 2 bps, the $Dow Jones Industrial Average (.DJI.US)$ climbed 11 bps, and the $Nasdaq Composite Index (.IXIC.US)$ climbed 6 bps.
MACRO
US September ADP Nonfarm Employment came in at 143,000 vs 124,000 forecasts, higher than last month's 99,000.
Meanwhile, crude oil inventories came in much higher than estimated: firm...
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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.
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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.
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Alen Kok : okay
Silverbat : If inflation keeps rising, interest will move higher
Marie Thermidor : Thanks Kevin Travers. You’re rock