Ciena Corporation (symbol: CIEN) was one of the biggest winners of the
trading day today (2016-09-01), gaining 8.02%. The number of shares that
changed hands was 12,256,635, or about 3.9 times the average daily volume
in the stock.
The closing price was $23.17, amounting to a market cap of $3,200,000,000,
about -8.99% off the highest price in the last 12 months. The stock has
been trading at a range between $15.61 and $25.46.
CIEN is in the Telecommunications Equipment industry, part of the Public
Utilities sector. It first went public in 1997.
Looking at its valuation, the stock is now trading at 249.14 times earnings.
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