Yahoo Finance Ciena Corporation (CIEN) in Focus: Stock Moves 5.1% Higher
Ciena Corporation CIEN was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 13.7% in the past one-month time frame.
The company has seen no estimate revisions over the past few months and the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Ciena Corporation currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Ciena Corporation Price
Ciena Corporation Price | Ciena Corporation Quote
A better-ranked stock in the Computer and Technology sector is AU Optronics Corp AUO, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is CIEN going up? Or down? Predict to see what others think: Up or Down
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AU Optronics Corp (AUO) : Free Stock Analysis Report
Ciena Corporation (CIEN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
