VelocityShares 3X Inverse Natural Gas ETN (NYSE:DGAZ) up by 9.40%, Ciena Corporation (NASDAQ:CIEN)

Posted by Lynn Eisler May 17, 2013 0 Comment 793 views


VelocityShares 3X Inverse Natural Gas ETN (NYSE:DGAZ) closed up to $11.29 after gaining 9.40% during the day and hitting its day’s high of $11.50 and a low of $10.37. The average shares floated during the last 3 months were 1.07 million, and in the previous session 0.246 million shares exchanged hands. The earnings per share of the company for the year 2011 was -$0.19.The 200 days moving average of VelocityShares 3X is trading above the stocks 50 days moving average which gives a bullish sign to the investors, with the surge in the price in the current trading session the stock has breached its 50 day moving average and we can now expect the ETF to pull back.

Ciena Corporation (NASDAQ:CIEN) closed up to $16.03 after gaining 6.44% during the day and hitting its day’s high of $16.33 and a low of $15.57. The average shares floated during the last 3 months were 3.29 million, and in the previous session 8.68 million shares exchanged hands. The earnings per share of the company for the year 2011 was -$2.03 and rose by 28.93% in the previous year to stand at -$1.43, it is expected the growth in the earnings per share to be 104.65% in the next year. The company has shown a growth in its sales over the past five years which has grown by 18.65%. The quarter on quarter growth in the sales is 8.74%. The profit margin of Ciena is negative of 7.68% reflecting that the company is unable to generate profit from its business operations. The stock is more volatile than the index as reflected from its beta of 2.13. The 200 days moving average of Ciena is trading above the stocks 50 days moving average which gives a bullish sign to the investors.

AT&T Inc. (NYSE:T) has honored the company as an Outstanding Supplier. Evercore Partners initiated coverage on the company’s stock and has rated it as “overweight” and have a target price of $20. RBC Capital Mkts reiterated an “outperform” rating on the stock on March 8, while UBS reiterated a “Neutral” rating on March 8.


About Lynn Eisler

Lynn Eisler is a national news reporter focusing on economic issues, data analysis and the financial health of state and local governments. Lynn has been honored with the H.L. Mencken Award for Investigative Reporting, the Champion of Justice Award for reporting on the drug war, and the John Hancock Award for business reporting. Lynn was also a Knight Medical School Fellow at the University of Michigan.

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