Do The Numbers Tell The Whole Story? Vonage Holdings Corp. (VG), Ciena Corporation (CIEN)

Citron Jeffrey A, Director, sold 83,332 shares of the Vonage Holdings Corp. (NYSE:VG) in an exchange that happened on January 9th. The stock was sold at an average price of $9.21 per share, amounting to a transaction worth $767,488. The sale was made public in a document filed with the SEC. Additionally, Director Citron Jeffrey A sold 83,334 shares of this stock in a transaction that took place on January 8th. The stock was sold at an average price of $9.12 per share, for a total exchange amounting to $760,006. After the transaction, the Director Citron Jeffrey A currently holds 1,566,666 shares of the company’s stock, which is worth approximately $14287994.

With this stock price’s latest movement, it is now -38.09% away from its 1-year high and 15.22% higher than its 1-year low price. In the past seven days, the stock price volatility for Vonage Holdings Corp. was 3.07%, whereas its volatility in the past 30 days has been 3.80%. This public company’s stock also has a beta score of 0.63. When the beta value is less/more than 1, it can imply that the stock is less/more volatile than the wider stock market – a metric that traders will surely be keeping tabs on.

Vonage Holdings Corp. (NYSE:VG) most recently published its quarterly earnings results. The firm posted $0.09 earnings per share (EPS) for the three-month period, surpassing analysts’ consensus estimate of $0.08 by $0.01. The publicly-traded organization reported revenue of $261.53 million for the quarter, compared to the average analyst forecast calling for $262.99 million, which was missing the analyst consensus estimate.

Shares of Vonage Holdings Corp. (VG) plunged -0.87%, amounting to a loss of -$0.08 per share, to finish the regular trading session at $9.12 on Thursday 01/10/2019. After beginning the session at $9.18, shares of Vonage Holdings Corp. reached as high as $9.26 during the day, while hitting a 1-day low of $9.075. Trade volume reached 2,739,236 shares against this stock’s average daily volume of 2.36M shares, with a total float of 225.42M. As a consequence of the price decrease, Vonage Holdings Corp. now has a current market value of 2.09B.

Ciena Corporation (NYSE:CIEN) added 0.93% to its trading price by the close of the most recent session, jumping from its previous closing price of $36.56 to $36.90. This stock increased in value by 12.26% during the last 7-day period, and experienced a gain of 15.82% over the past 30-day period. In the past three months, this stock’s price grew by 27.24% , and added 35.96% to its price during the last six months of trading. CIEN demonstrated a yearly price gain of 68.26% , while its year-to-date (YTD) price performance has been up 8.82% . This stock’s price changed by +30.71% compared to its 90-day low, and moved down -0.75% comparing to its 90-day high price.

Have a quick look on short, medium and long-term indicators. According to the Composite Indicator, Trendspotter rated the CIEN stock as “Buy”. In the short-term, Ciena Corporation (CIEN) has a 20-day average volume of 4,024,635 shares and short-term indicators sets the CIEN stock as “ 80% Buy ” on average basis. In the medium-term, CIEN stock has a 50-Day average volume of 3,619,108 shares and medium-term indicators gave the average rating of “ 100% Buy ”, while in the long-term period the FB stock has a 100-Day average volume of 3,351,297 shares. On average, long-term indicators rated the stock as “100% Buy ”. The overall picture from all short, medium and long-term indicators sets the CIEN stock as “96% Buy ” on average basis.

Recently, multiple brokerages have sent out reports on CIEN. Dougherty & Company , for example, Reiterated its rating on shares of Ciena Corporation to a “Buy”, while setting a $40 price target on shares of the company’s stock, according to a research note from Friday December 14th, 2018. B. Riley FBR Reiterated their target price for this stock from $36 to $42.50, while giving the stock a “Buy” rating, as stated in a research report from Friday, December 14th, 2018. Loop Capital, on the other hand, Downgrade a from “Buy ” to “ Hold” rating on this stock in a research note dated Friday, December 14th, 2018.

In other news related to Ciena Corporation stock, 0.00% shares of CIEN held by institutions. The total number of institutions who held the CIEN shares was 459, according to most recent SEC filling. During the past quarter, total 156,853,414 shares held by institutions with the net change of 2,045,646 shares. In the meantime, 72 new institutions bought the shares of Ciena Corporation for the first time and 33 institutions sold all their holdings in the company’s common stock. 220 institutions increased their investment in the CIEN stock and 167 institutions decreased their investment in the Ciena Corporation (CIEN)’s stock during the last quarter.