Today’s Research Reports on Trending Tickers: Ciena and Ability

NEW YORK, NY / ACESSWIRE / June 26, 2018 / U.S. equities plunged on Monday, as indexes posted their biggest one-day decline in week, as fresh threats from President Trump added to the uncertainties of a potential trade war. The S&P 500 Index shed 1.37 percent to close at 2,717.07, while the Nasdaq Composite dropped 2.09 percent to close at 7,532.01. The Dow Jones Industrial Average declined 1.33 percent to settle at 24,252.80, its lowest close since May 4.

“You can now make the case that we’re in a trade war. The language has gotten bad enough, companies are saying the issue is impacting them, and there’s a sense that the numbers and scope of the issue are ratcheting up,” said Willie Delwiche, investment strategist at Robert W. Baird.

RDI Initiates Coverage on:

Ciena Corporation
https://rdinvesting.com/news/?ticker=CIEN

Ability Inc.
https://rdinvesting.com/news/?ticker=ABIL

Ciena’s stock jumped 3.34% Monday, to close the day at $25.70. The stock recorded a trading volume of 4,891,589 shares, which was above its three months average volume of 3,162,447 shares. In the last year, Ciena’s shares have traded in a range of 19.40 – 27.73. The share price has gained 32.47% from its 52 week low. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $24.94 is above its 200-day moving average of $24.06. Shares of the company are trading at a Price to Earnings ratio of 5.56. Shares of Ciena have gained roughly 2.96 percent in the past month and are up 22.79 percent year-to-date.

Access RDI’s Ciena Corporation Research Report at:
https://rdinvesting.com/news/?ticker=CIEN

On Monday, shares of Ability recorded a trading volume of 10,204,983 shares, which was above the three months average volume of 318,755 shares. The stock ended the day 98.41% higher at $10.00. The share price has fallen 5.66% from its 52 week high with a 52 week trading range of 0.32 – 10.60. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $2.63 is above its 200-day moving average of $1.55. Shares of Ability have gained roughly 304.86 percent in the past month and are up 2172.73 percent year-to-date.

Access RDI’s Ability Inc. Research Report at:
https://rdinvesting.com/news/?ticker=ABIL

Our Actionable Research on Ciena Corporation (NYSE :CIEN) and Ability Inc. (NASDAQ :ABIL) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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