Ciena Corporation’s (NYSE:CIEN) 26% Price Boost Is Out Of Tune With Revenues
Despite an already strong run, Ciena Corporation (NYSE:CIEN) shares have been powering on, with a gain of 26% in the last thirty days. The last month tops off a massive increase of 106% in the last year.
Since its price has surged higher, when almost half of the companies in the United States’ Communications industry have price-to-sales ratios (or “P/S”) below 1.1x, you may consider Ciena as a stock not worth researching with its 3.2x P/S ratio. However, the P/S might be quite high for a reason and it requires further investigation to determine if it’s justified.
See our latest analysis for Ciena
How Has Ciena Performed Recently?
Ciena hasn’t been tracking well…
