Ciena Corporation is a network platform, software, and services company. Co.'s solutions enable a range of network operators to deploy and manage networks that deliver services to businesses and consumers. Its segments include Networking Platforms, Platform Software and Services, Blue Planet Automation Software and Services, and Global Services. Its Networking Platforms segment consists of its Optical Networking and Routing and Switching portfolios. Its Platform Software and Services segment provides domain control management, analytics, data and planning tools and applications to manage networks.
When researching a stock like Ciena, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from CIEN Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for CIEN stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the CIEN 200 day moving average ("CIEN 200 DMA"), while one of the most popular "shorter look-backs" is the CIEN 50 day moving average ("CIEN 50 DMA"). A chart showing both of these popular moving averages is shown on this page for Ciena. Comparing two moving averages against each other can be a useful visualization tool: by calculating the difference between the CIEN 200 DMA and the CIEN 50 DMA, we get a moving average convergence divergence indicator ("CIEN MACD"). The CIEN MACD chart, in conjunction with the chart of the moving averages, basically helps in visualizing how the moving averages are showing convergence (moving closer together), or divergence (moving farther apart). |
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Video: Technical Analysis