Ciena Price to Sales Ratio vs Net Income Analysis
CIEN Stock | USD 43.92 0.36 0.83% |
Ciena Corp financial indicator trend analysis is way more than just evaluating Ciena Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ciena Corp is a good investment. Please check the relationship between Ciena Corp Price To Sales Ratio and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ciena Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. To learn how to invest in Ciena Stock, please use our How to Invest in Ciena Corp guide.
Price To Sales Ratio vs Net Income
Price to Sales Ratio vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ciena Corp Price to Sales Ratio account and Net Income. At this time, the significance of the direction appears to have weak relationship.
The correlation between Ciena Corp's Price to Sales Ratio and Net Income is 0.39. Overlapping area represents the amount of variation of Price to Sales Ratio that can explain the historical movement of Net Income in the same time period over historical financial statements of Ciena Corp, assuming nothing else is changed. The correlation between historical values of Ciena Corp's Price to Sales Ratio and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price to Sales Ratio of Ciena Corp are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Price to Sales Ratio i.e., Ciena Corp's Price to Sales Ratio and Net Income go up and down completely randomly.
Correlation Coefficient | 0.39 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Ciena Corp stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Ciena Corp sales, a figure that is much harder to manipulate than other Ciena Corp multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Ciena Corp financial statement analysis. It represents the amount of money remaining after all of Ciena Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from Ciena Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ciena Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ciena Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. To learn how to invest in Ciena Stock, please use our How to Invest in Ciena Corp guide.At this time, Ciena Corp's Selling General Administrative is very stable compared to the past year. As of the 23rd of April 2024, Tax Provision is likely to grow to about 83.1 M, while Issuance Of Capital Stock is likely to drop about 30.1 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 47.1M | 88.0M | 79.2M | 141.8M | Depreciation And Amortization | 181.4M | 142.2M | 128.0M | 163.3M |
Ciena Corp fundamental ratios Correlations
Click cells to compare fundamentals
Ciena Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ciena Corp fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 4.2B | 4.9B | 5.1B | 5.6B | 6.4B | 6.8B | |
Other Current Liab | 334.1M | 409.3M | 360.8M | 431.4M | 496.1M | 520.9M | |
Total Current Liabilities | 760.7M | 909.0M | 1.0B | 932.0M | 1.1B | 558.9M | |
Total Stockholder Equity | 2.5B | 3.0B | 2.7B | 2.8B | 3.3B | 3.4B | |
Property Plant And Equipment Net | 329.4M | 329.3M | 312.9M | 315.3M | 362.6M | 191.2M | |
Net Debt | (324.9M) | (685.1M) | 135.0M | 594.4M | 683.6M | 717.7M | |
Retained Earnings | (4.3B) | (3.8B) | (3.6B) | (3.4B) | (3.0B) | (3.2B) | |
Accounts Payable | 291.9M | 356.2M | 516.0M | 317.8M | 365.5M | 383.8M | |
Cash | 1.1B | 1.4B | 994.4M | 1.0B | 1.2B | 642.4M | |
Non Current Assets Total | 1.6B | 1.7B | 1.7B | 2.0B | 2.3B | 2.4B | |
Non Currrent Assets Other | 102.8M | 99.9M | 113.6M | 116.5M | 104.8M | 113.4M | |
Cash And Short Term Investments | 1.2B | 1.6B | 1.1B | 1.1B | 1.3B | 993.2M | |
Net Receivables | 719.4M | 885.0M | 920.8M | 1.0B | 1.2B | 1.2B | |
Common Stock Shares Outstanding | 156.0M | 156.7M | 152.2M | 149.4M | 171.8M | 110.1M | |
Liabilities And Stockholders Equity | 4.2B | 4.9B | 5.1B | 5.6B | 6.4B | 6.8B | |
Non Current Liabilities Total | 910.6M | 936.2M | 1.3B | 1.8B | 2.1B | 2.2B | |
Inventory | 344.4M | 374.3M | 946.7M | 1.1B | 1.2B | 1.3B | |
Other Current Assets | 308.1M | 325.7M | 370.1M | 405.7M | 466.5M | 489.9M | |
Other Stockholder Equity | 6.8B | 6.8B | 6.4B | 6.3B | 7.2B | 5.6B | |
Total Liab | 1.7B | 1.8B | 2.4B | 2.8B | 3.2B | 3.3B | |
Property Plant And Equipment Gross | 329.4M | 329.3M | 312.9M | 315.3M | 362.6M | 191.2M | |
Total Current Assets | 2.6B | 3.2B | 3.4B | 3.6B | 4.1B | 4.3B | |
Accumulated Other Comprehensive Income | (35.4M) | 439K | (46.6M) | (37.8M) | (34.0M) | (32.3M) | |
Intangible Assets | 96.6M | 65.3M | 69.5M | 205.6M | 185.1M | 133.9M | |
Short Long Term Debt Total | 763.7M | 737.5M | 1.1B | 1.6B | 1.8B | 1.0B | |
Common Stock Total Equity | 1.5M | 1.5M | 1.5M | 1.5M | 1.3M | 1.6M | |
Short Term Investments | 150.7M | 181.5M | 154.0M | 104.8M | 94.3M | 89.6M | |
Short Term Debt | 26.0M | 25.6M | 25.9M | 28.4M | 32.6M | 31.0M | |
Common Stock | 1.5M | 1.5M | 1.5M | 1.4M | 1.3M | 1.6M | |
Other Liab | 82.8M | 224.3M | 212.7M | 196.3M | 225.7M | 237.0M | |
Other Assets | 737.2M | 900.1M | 937.6M | 892.2M | 1.0B | 1.1B | |
Property Plant Equipment | 329.4M | 329.3M | 312.9M | 315.3M | 362.6M | 194.8M | |
Current Deferred Revenue | 108.7M | 118.0M | 137.9M | 154.4M | 177.6M | 186.5M | |
Long Term Debt | 676.4M | 670.4M | 1.1B | 1.5B | 1.8B | 982.2M | |
Good Will | 310.8M | 311.6M | 328.3M | 444.8M | 511.5M | 537.1M | |
Net Tangible Assets | 2.1B | 2.6B | 2.3B | 2.2B | 2.5B | 2.6B | |
Retained Earnings Total Equity | (4.6B) | (4.3B) | (3.8B) | (3.6B) | (4.2B) | (4.4B) | |
Long Term Debt Total | 680.4M | 676.4M | 670.4M | 1.1B | 955.0M | 798.6M | |
Capital Surpluse | 6.8B | 6.8B | 6.8B | 6.4B | 7.3B | 7.1B |
Pair Trading with Ciena Corp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ciena Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ciena Corp will appreciate offsetting losses from the drop in the long position's value.Moving against Ciena Stock
0.84 | MMM | 3M Company Earnings Call This Week | PairCorr |
0.83 | AA | Alcoa Corp Financial Report 17th of July 2024 | PairCorr |
0.69 | FSTF | First State Financial | PairCorr |
0.69 | XOM | Exxon Mobil Corp Earnings Call This Week | PairCorr |
0.61 | GE | GE Aerospace Earnings Call Today | PairCorr |
The ability to find closely correlated positions to Ciena Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ciena Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ciena Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ciena Corp to buy it.
The correlation of Ciena Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ciena Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ciena Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ciena Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ciena Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. To learn how to invest in Ciena Stock, please use our How to Invest in Ciena Corp guide.Note that the Ciena Corp information on this page should be used as a complementary analysis to other Ciena Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
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When running Ciena Corp's price analysis, check to measure Ciena Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ciena Corp is operating at the current time. Most of Ciena Corp's value examination focuses on studying past and present price action to predict the probability of Ciena Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ciena Corp's price. Additionally, you may evaluate how the addition of Ciena Corp to your portfolios can decrease your overall portfolio volatility.
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Is Ciena Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ciena Corp. If investors know Ciena will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ciena Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.33) | Earnings Share 1.54 | Revenue Per Share 29.507 | Quarterly Revenue Growth (0.02) | Return On Assets 0.0424 |
The market value of Ciena Corp is measured differently than its book value, which is the value of Ciena that is recorded on the company's balance sheet. Investors also form their own opinion of Ciena Corp's value that differs from its market value or its book value, called intrinsic value, which is Ciena Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ciena Corp's market value can be influenced by many factors that don't directly affect Ciena Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ciena Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ciena Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ciena Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.