CIEN NYSE Stock analysis and Forecast. Last price $19.27 05/01/2014

CIEN Stock analysis and Forecast. Last price $19.27 05/01/2014

Hi everybody. Today I want to analyze CIEN. As you know This company provides communications networking equipment, software and services.
Let´s see some fundamentals.
The average sales growth for the last 4 years was +37,29%.
Sales growth 2013= +13.56%
The EPS from 2009 to 2013 are in red. However I have to say that is increasing.
Average EPS Growth (4 years)= +39,62%
EPS Growth 2013= 42.76%.
The consensus average target price= $28.75

Let´s see the Chart.
Supports and resistances:
S1:19.01 S2: 17.07 R1: 22.47 R2: 24.12
The price is arriving at the V Elliot wave (downtrend serie) and will begin the flat pattern.
The Macd is flat close to the signal and below zero.
The RSI is at 36%
The Stochastic is penetrating into the oversold zone.
The -DI is above the +DI.
The buy interval is [18.86;19.56]. 

The targets at this moment are:
Tg1: 20.86     +8.25%
Tg2: 22        +14.16%
TgExt:23.83    +23.66%
That´s all, Have a nice weekend! and remember to click in some ads before you leave in order to maintain this blog, you can donate via pay-pal too, thank you! :)