Ciena had a nice pop today and is currently up 5.67% -- which is pretty good. Investors have a more positive outlook for the company and future revenue. It looks like CIEN may be interacting with a downward sloping Support line. It may find or support at this level or it's momentum can continue downward. In addition to being near an angled support line CIEN is near a weak support line. We'll see if it bounces off or heads lower. CIEN hasn't established a very clear directional momentum over the last few months. So it's not clear if it has the energy to get a very good bounce at this point or not.
If we get a reversal off of support and Ciena starts moving up, it can probably get to $93.31 at which point it'll need to break through that resistance level in order to keep moving higher. If it fails to bounce off this level and breaks down lower, it will most likely find the nearest support a the $51.16
at which point, it may have a chance of recovering from there.
The analysts are pretty neutral on Ciena right now, so not much useful information here. The current Analysts Sentiment Score is 0.69. Most companies range between (-200 to 200).
Here's a break down of the latest rating changes. JPMorgan Chase & Co. provided a price target boost of 19.64% to $67.00 from $56.00 on 2024-03-05. Needham & Company LLC boosted their price targ by 8.33% to $65.00 on 2024-03-04. Evercore ISI provided a price target boost of 10.53% to $63.00 from $57.00 on 2024-02-23. Raymond James announced a lowering of their price target to $60.00 from $63.00 on 2023-12-08. On 2023-12-08 Barclays increased their price target by 1.69% to $60.00. Rosenblatt Securities reiterated a rating of Buy on 2023-12-08 and added a price target of $65.00. B. Riley gave a boost to their price target and moved to $68.00 from $67.00 on 2023-12-08. Stifel Nicolaus initiated a rating of Buy on 2023-09-27 and provided a price target of $62.00. On 2023-09-01 UBS Group increased their price target by 8.33% to $52.00. Bank of America announced a lowering of their price target to $59.00 from $62.00 on 2023-06-16.
| Company | Ratings Score
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Composite analyst sentiment score
|
Positive Ratings | Negative Ratings | Boost Price Target | Lower Price Target |
|---|---|---|---|---|---|
| CIEN | 0.69 | 0.75 | -0.45 | 1.51 | -0.45 |
| Company | YOY Growth Score (typical -20 to +20) | Revision Directions (-6 to +6) |
|---|---|---|
| CIEN | 0.00 | 0.00 |
We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.
| Company | Short Score (typical 1-15)
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We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)
|
Short Interest | Days to Cover | Rate of Change | Shares Short |
|---|---|---|---|---|---|
| CIEN | 1.96 | %2.1 | 2 | -5.742 | 3090000 |
| Segment | Count | 1 Day% | 5 Day | 1 Month | 3 Month | 6 Month | 1 Year | RSI | 3mo S-momo ? | 6mo S-momo | 1yr S-momo | Resistance ? | Support | Demark Sell ? | Demark Buy | Short Interest | Analysts Ratings ? |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Communication Equipment | 22 | 1.09 | -2.12 | -3.04 | -9.10 | 1.90 | 10.12 | 44.18 | 2.45 | 6.72 | 13.49 | -8909.75 | -8537.38 | 17.05 | 0.00 | 4.90 | 0.68 |
| Technology | 278 | 1.29 | -1.94 | -2.97 | -12.98 | -4.92 | -0.15 | 42.99 | -11.25 | -8.55 | -3.83 | -18184.66 | -7194.25 | 19.06 | 0.99 | 4.45 | 1.36 |
Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.
| Ticker | Social Sentiment(1-10) |
|---|---|
| CIEN |
| Company | Score | 1 Day% | 5 Day | 1 Month | 3 Month | 6 Month | 1 Year | RSI | 3mo S-momo ? | 6mo S-momo | 1yr S-momo | Resistance ? | Support | Demark Sell ? | Demark Buy | Short Interest Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ANET | Arista Networks | 1.28 | 2.13 | 1.52 | -4.96 | -32.63 | -16.03 | 10.24 | 33 | -8.54 | -7.48 | -7.25 | -11646.42 | 310.73 | 0 | 0 | 1.16616 |
| EXTR | Extreme Networks | 1.06 | 2.21 | -8.58 | -8.46 | -20.31 | -9.14 | 19.93 | 35 | 3.44 | 2.10 | 7.31 | -7444.79 | 188.76 | 0 | 0 | 12.4475 |
| LSCC | Lattice Semiconductor Cor | 0.96 | -3.21 | -13.41 | -16.01 | -10.56 | -0.18 | -31.26 | 32 | 0.35 | 1.07 | 4.82 | -2594.55 | -314.86 | 0 | 0 | 7.46881 |
| ANSS | Ansys Inc | 0.94 | 0.04 | -0.37 | -1.30 | -5.24 | 2.51 | -7.19 | 36 | -1.73 | -2.57 | -0.97 | -11944.57 | -4179.84 | 0 | 0 | 1.55496 |
| VIAV | Viavi Solutions Inc. Comm | 0.94 | 1.78 | 0.18 | 5.55 | 12.41 | 27.34 | 27.06 | 50 | 48.38 | 89.58 | 67.95 | -1976.30 | -17813.56 | 100 | 0 | 3.43076 |
| JNPR | Juniper Networks Inc | 0.92 | -0.19 | -0.22 | 0.03 | -5.03 | -7.23 | -2.28 | 63 | -5.95 | -5.16 | -6.11 | 176.47 | -5925.72 | 0 | 0 | 2.48574 |
| LFUS | Littelfuse Inc | 0.92 | 1.83 | -6.38 | -9.30 | -18.40 | -24.56 | -16.36 | 38 | -30.78 | -32.03 | -17.93 | -24008.93 | 0.00 | 0 | 0 | 1.584 |
How to use: use the research links to research the asset. Then simply type in a score for each category between (01, 02, 03, 04, 05). 05 being the most bullish and 01 being the most bearish. It will automatically calculate the average and combine it with the technical score to create an overall score to rank prospects by. You can also type notes into each field.
