MARYLAND: Ciena (CIEN) has a market capitalization of $2.7 billion. Ciena’s YTD (year-to-date) price movement was a mix of rises and falls in fiscal 2015.
After its fiscal 4Q15 earnings report, CIEN fell by 16.9% to close at $20.04 per share as of December 10, 2015. The stock’s price movements on a weekly, monthly, and YTD basis are -18.1%, -15.6%, and 3.3%, respectively.
Technically, CIEN has broken its support and is trading below all of its moving averages. Currently, CIEN is trading 18.3% below its 20-day moving average, 15.6% below its 50-day moving average, and 12.6% below its 200-day moving average.
The iShares North American Technology-Multimedia Networking ETF (IGN) invests 4.6% of its holdings in Ciena. The ETF tracks a market-cap–weighted index of US and Canadian multimedia networking companies. The YTD price movement of IGN is 0.96% as of December 9, 2015.
Competitors of Ciena and their market capitalizations are as follows:
Juniper Networks (JNPR) — $11.1 billion
Alcatel-Lucent (ALU) — $10.9 billion
Infinera (INFN) — $2.9 billion
Performance of Ciena in fiscal 4Q15 and fiscal 2015
Ciena reported fiscal 4Q15 total revenue of $591.0 million, a fall of 14.6% when compared to total revenue of $692.0 million in fiscal 4Q14. Its cost of goods sold as a percentage of revenue rose by 10.7% in fiscal 4Q15 as compared to last year.
The company’s net income and EPS (earnings per share) fell to -$30.7 million and -$0.29, respectively, in fiscal 4Q15, compared to its net income and EPS of -$13.8 million and -$0.10, respectively, in fiscal 4Q14.
CIEN has completed the acquisition of Cyan, a provider of software and platforms, in order to enable open, agile, and scalable software-defined networks, pursuant to the terms of the acquisition agreement.
