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Looking into the current session,
Ciena Inc. (NYSE:CIEN) is trading at $48.85, after a 0.1% drop. Over the past month, the stock fell by 11.71%, but over the past year, it actually went up by 26.16%. With questionable short-term performance like this, and great long-term performance, long-term shareholders might want to start looking into the company s price-to-earnings ratio.
Assuming that all other factors are held constant, this could present itself as an opportunity for shareholders trying to capitalize on the higher share price. The stock is currently below from its 52 week high by 20.59%.
The P/E ratio is used by long-term shareholders to assess the company s market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E indicates that shareholders do not expect the stock to perform better in the future, and that the company is probably undervalued. It shows that shareholders are less than willing to pay a high share price, bec
P/E Ratio Insights for Ituran Location & Control benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.