Ciena CIEN
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Ciena (CIEN) Business Model and Operations Summary
Ciena is a telecommunications equipment provider focused on optical transport technologies, with clients in a number of industries such as communication services providers, web-scale providers, cable operators, government, and large enterprises worldwide. The company provides equipment, software, and services that support transport, switching, aggregation, service delivery, and data traffic management.
Key Insights
Ciena (CIEN) Core Market Data and Business Metrics
Latest Closing Price
$92.95Market Cap
$12.80 BillionTotal Outstanding Shares
141.37 Million SharesTotal Employees
8,657Current Dividend
No dividendIPO Date
February 7, 1997SIC Description
Telephone & Telegraph ApparatusHeadquarters
7035 Ridge Road, Hanover, MD, 21076