Ciena Stock Resumes Rally on Slew of Bull Notes

No fewer than three analysts raised their price targets

Deputy Editor
Jun 5, 2020 at 11:20 AM
facebook twitter linkedin

The shares of Ciena Group (NYSE:CIEN) are up 1.7% at $54.79 at last check, following a fresh round of bull notes one day after the company's second-quarter earnings. The communications and networking name has seen no fewer than three price-target hikes this morning, the highest coming from Cowen to $73 from $69. 

Soaring on the charts as of late, CIEN is fresh off its June 3, post-earnings 18-year high of $57.19. Though staring down at a 0.9% drop for the week following yesterday's pullback, the stock is now contending with its ascending 10-day moving average and has surged 56.9% in the last six months. 

Lastly, when weighing in on CIEN, options looks like an attractive way to go.  The stock's Schaeffer's Volatility Index (SVI) of 37% is higher than just 13% of all other readings in its annual range, implying that options players are pricing in relatively low volatility expectations at the moment. 



Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 



Special Offers from Schaeffer's Trading Partners