The Past Three Years for Ciena (NYSE:CIEN) Investors Has Not Been Profitable
The Past Three Years for Ciena (NYSE:CIEN) Investors Has Not Been Profitable
As an investor its worth striving to ensure your overall portfolio beats the market average. But if you try your hand at stock picking, you risk returning less than the market. We regret to report that long term Ciena Corporation (NYSE:CIEN) shareholders have had that experience, with the share price dropping 17% in three years, versus a market return of about 19%.
作爲投資者，值得努力確保您整個投資組合超過市場平均水平。但是，如果您嘗試自己選股，那麼您可能面臨着低於市場平均水平的回報風險。非常遺憾，長揸Ciena Corporation (NYSE:CIEN)的股東們已經面臨了這種經歷，因爲股票價格在三年內下降了17％，而市場回報約爲19％。
Now let's have a look at the company's fundamentals, and see if the long term shareholder return has matched the performance of the underlying business.
現在讓我們看看這家公司的基本面，看看長期股東回報是否與基礎業務的表現相匹配。
There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).
市場有時無疑是高效的，但價格並不總是反映基礎業務表現。 一種檢查市場情緒如何隨時間改變的方法是查看公司的股價與每股收益（EPS）之間的互動。
During the three years that the share price fell, Ciena's earnings per share (EPS) dropped by 23% each year. This fall in the EPS is worse than the 6% compound annual share price fall. So the market may not be too worried about the EPS figure, at the moment -- or it may have previously priced some of the drop in.
在股票價格下跌的三年期間，Ciena的每股收益（EPS）每年下降了23％。EPS的下降比年複合股價下跌的6％還要嚴重。因此，市場目前可能並不太擔心EPS數字，或者之前已經將一些下跌定價了。
The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).
該公司的每股收益（隨時間的推移）如下圖所示（單擊可查看確切數字）。
Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here.
在購買或出售股票之前，我們始終建議仔細研究歷史增長趨勢，此處提供。
A Different Perspective
不同的觀點
Ciena shareholders are up 13% for the year. Unfortunately this falls short of the market return. The silver lining is that the gain was actually better than the average annual return of 2% per year over five year. It is possible that returns will improve along with the business fundamentals. Before spending more time on Ciena it might be wise to click here to see if insiders have been buying or selling shares.
Ciena的股東今年獲得了13％的回報。不幸的是，這仍然低於市場回報。好消息是，這一收益比過去五年平均每年2％的回報要好。隨着業務基本面的改善，回報可能會提高。在花更多時間研究Ciena之前，了解內部人員是否一直在買賣股票可能是明智的選擇。
Of course Ciena may not be the best stock to buy. So you may wish to see this free collection of growth stocks.
當然，Ciena可能不是最好的股票選擇。因此，您可能希望查看這個免費的成長股票收藏。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.
請注意，本文所引述的市場回報反映了目前在美國交易所上市的股票的市場加權平均回報。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
對本文有反饋？關於內容有所顧慮？直接和我們聯繫。或者，發送電子郵件至editorial-team (at) simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論，只使用公正的方法論，我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議，也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意，我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有反饋？關於內容有所顧慮？直接和我們聯繫。或者發送電子郵件至editorial-team@simplywallst.com。
譯文內容由第三人軟體翻譯。