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Ciena stock weekly performance for June 5, 2020

Ciena stock price this week

Ciena Corp. (NYSE:CIEN) stock price performance for the week ending on June 5, 2020, was -1.76%. CIEN stock price is very near to is 52-week high at 57.19. CIEN stock has a P/E ratio of 26.43 and a YTD performance of +27.16%. Stock market data: MarketWatch

CIEN stock news

“Ciena® Corporation (NYSE:CIEN), a networking systems, services and software company, today announced unaudited financial results for its fiscal second quarter ended May 2, 2020.
Q2 Revenue: $894.1 million, increasing 3.4% year over year
Q2 Net Income per Share: $0.59 GAAP; $0.76 adjusted (non-GAAP)
Share Repurchases: Prior to suspending repurchases during the quarter, we repurchased approximately 0.6 million shares of common stock for an aggregate price of $23.8 million during the quarter
“In this uncertain environment, we delivered industry leading financial performance during our second quarter, including strong revenue and outstanding profitability,” said Gary Smith, President and CEO, Ciena. “Our strategy, centered around innovation, diversification and global scale, has resulted in a resilient business capable of navigating challenging times and delivering strong shareholder value over the long-term.”

For the fiscal second quarter 2020, Ciena reported revenue of $894.1 million as compared to $865.0 million for the fiscal second quarter 2019.

Ciena’s GAAP net income for the fiscal second quarter 2020 was $91.7 million, or $0.59 per diluted common share, which compares to a GAAP net income of $52.7 million, or $0.33 per diluted common share, for the fiscal second quarter 2019.

Ciena’s adjusted (non-GAAP) net income for the fiscal second quarter 2020 was $117.4 million, or $0.76 per diluted common share, which compares to an adjusted (non-GAAP) net income of $76.2 million, or $0.48 per diluted common share, for the fiscal second quarter 2019.”

Date of release for the earnings was June 4, 2020. Stock market source: https://www.businesswire.com/news/home/20200604005152/en/Ciena-Reports-Fiscal-Quarter-2020-Financial-Results

CIEN stock daily chart

Ciena Corp. (NYSE:CIEN) stock daily chart
Ciena Corp. (NYSE:CIEN) stock daily chart

Source: Stockscharts

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US Stock Market News December 12 2019

Stock market today

Stock market news, December 12, 2019. The US stock market made new all-time highs as news for a trade deal between US-China sent major stock market indices higher. This is the summary for US stock market at close on Thursday, December 12, 2019:

  • S&P 500: 3,168.57,+26.94(+0.86%)
  • Dow 30: 28,132.05,+220.75(+0.79%)
  • Nasdaq: 8,717.32,+63.27(+0.73%)
  • Russell 2000: 1,644.81,+12.89(+0.79%)

Stocks today

Stocks, stocks news, stock market for today, stocks today.

Stocks biggest gainers

Ciena Corporation (CIEN) was among stocks biggest gainers closing at
42.62+7.21 (+20.36%).

CIEN daily stock chart | stocks | stock market

Stocks biggest losers

10x Genomics, Inc. (TXG) was among stocks biggest losers closing at
61.54-3.62 (-5.56%).

TXG daily stock chart | stocks | stock market

Stock investing | Stock trading | Most active stocks

Advanced Micro Devices, Inc. (AMD) was among most active stocks closing at 42.59+3.12 (+7.90%).

AMD daily stock chart | stocks | stock market

U.S. Sectors & Industries Performance

Financials was the best performing sector +2.0%, Real Estate was the worst performing sector -1.45%.

Stock market update

All data about stocks , stock investingstock trading is taken from Yahoo Finance, Fidelity and stockcharts.com.

This report is written by Stavros Georgiadis, CFA Equity Research Analyst, Investment Strategist.


Stock market report June 6 2019

US stock market report June 6 2019

US stock market closed higher for a third consecutive day. All 3 major US indices had gains over 0.50%. This is the summary for US stock market at close on Thursday, June 6 2019:

  • S&P 500:2,843.49,+17.34(+0.61%)
  • Dow 30:25,720.66,+181.09(+0.71%)
  • Nasdaq:7,615.55, +40.08(+0.53%)
  • Russell 2000:1,503.54,-3.25(-0.22%)
  • 10-Yr Bond: 2.1240,+0.0010(+0.05%)
  • Vix:15.93,-0.16(-0.99%)

Stocks gainers

Ciena Corporation (CIEN) was the stock with biggest gains closing at $45.49 +$9.61 (+26.78%).

Stocks losers

Idemitsu Kosan Co.,Ltd. (IDKOY) was the stock with largest losses closing at
$13.80-$5.25 (-27.55%).

Stock investing – Most active stocks

Advanced Micro Devices, Inc. (AMD) was among the most active stocks closing at $31.82+$2.32 (+7.86%).

AMD daily stock chart
AMD daily stock chart


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