Ciena (CIEN) 12-1 Month Momentum % : 9.82% (As of Apr. 27, 2024)

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What is Ciena 12-1 Month Momentum %?

12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-04-27), Ciena's 12-1 Month Momentum % is 9.82%.

The industry rank for Ciena's 12-1 Month Momentum % or its related term are showing as below:

CIEN's 12-1 Month Momentum % is ranked better than
60.59% of 2431 companies
in the Hardware industry
Industry Median: -0.28 vs CIEN: 9.82

Competitive Comparison of Ciena's 12-1 Month Momentum %

For the Communication Equipment subindustry, Ciena's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 Month Momentum % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Ciena's 12-1 Month Momentum % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Ciena's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Ciena's 12-1 Month Momentum % falls into.

Ciena (NYSE:CIEN) 12-1 Month Momentum % Calculation

12-1 Month Momentum % is calculated as following:

12-1 Month Momentum %

( Price 1-month ago

Price 12-month ago

- 1 )

100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Ciena (NYSE:CIEN) 12-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 12-1 Month Momentum % measures the total return to a stock over the past twelve months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.

Ciena 12-1 Month Momentum % Related Terms

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Ciena (CIEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ciena Corp (NYSE:CIEN) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

CIEN:Mexico 1CIEN:Italy CIE1:Germany

Address

7035 Ridge Road, Hanover, MD, USA, 21076

Website

https://www.ciena.com

Ciena Corp is a network and technology company. It provides network hardware, software, and services that support the transport, switching, aggregation, service delivery, and management of video, data, and voice traffic on communications networks. It serves various industries such as communication services providers, web-scale providers, cable operators, government, and large enterprises world-wide. The business activities function through Networking Platforms; Platform Software and Services; Blue Planet Automation Software, and Global Services segments. Geographically, its presence is seen in the markets of the United States, Canada, the Caribbean, Latin America, Europe, the Middle East, Africa, the Asia Pacific, Japan, and India. The maximum revenue is generated from Americas.

Executives

David M Rothenstein	officer: Sr. VP, General Counsel	7035 RIDGE ROAD, HANOVER MD 21076
Gary B Smith	director, officer: President, CEO	C/O CIENA CORPORATION, 7035 RIDGE ROAD, HANOVER MD 21076
Brodie Gage	officer: SVP Global Products & Supply	2351 ALFRED-NOBEL BLVD, SUITE N-300, SAINT LAURENT A8 H4S 2A9
Dino Diperna	officer: SVP Global R&D	385 TERRY FOX DR, OTTAWA A6 K2K OL1
Jason Phipps	officer: SVP Global Sales and Marketing	7410 RIDGE RD, HANOVER MD 21076
Joseph Cumello	officer: SVP, General Mgr. Blue Planet	7035 RIDGE RD, HANOVER MD 21076
Scott Mcfeely	officer: SVP, Networking Platforms	7035 RIDGE RD, HANOVER MD 21076
Mary G Puma	director	AXCELIS TECHNOLOGIES INC., 108 CHERRY HILL DRIVE, BEVERLY MA 01915
Andrew C Petrik	officer: VP, CONTROLLER	7035 RIDGE ROAD, HANOVER MD 21076
Sheela Kosaraju	officer: SVP, General Counsel	43-51 WORSHIP ST, LONDON X0 EC2A 2DX
Stephen B Alexander	officer: SVP, Chief Technology Officer	C/O CIENA CORPORATION, 7035 RIDGE ROAD, HANOVER MD 21076
Rick Hamilton	officer: SVP, Software and Services	9500 AMBERGIEN, AUSTIN TX 78729
Moylan James E Jr	officer: SVP Finance, CFO	CIENA CORPORATION, 7035 RIDGE ROAD, HANOVER MD 21076
Judith M Obrien	director	855 MAUDE AVENUE, MOUNTAIN VIEW CA 94043
Thomas Michael Nevens	director	C/O BORLAND SOFTWARE CORPORATION, 20450 STEVENS CREEK BLVD, SUITE 800, CUPERTINO CA 95014