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Jobs Report, Broadcom Earnings: What to Watch the Rest of the Week
The Wall Street Journal22d agoneutral
Jobs Report, Broadcom Earnings: What to Watch the Rest of the Week

Today Earnings (a.m.): Brown-Forman, Ollie’s Bargain Outlet Earnings (p.m.): Broadcom, Hewlett Packard Enterprise, Snowflake, Five Below Economic data: ADP national employment report (August), July durable-goods and factory orders, Federal Reserve Beige Book, EIA weekly petroleum status report Central banks: Bank of Canada interest rate announcement Tomorrow Fed speakers: Fed governor Christopher Waller.

Ciena (CIEN) Stock Trades Below Fair Value Even After Its Big Run
Simply Wall St.23d agoneutral
Ciena (CIEN) Stock Trades Below Fair Value Even After Its Big Run

Ciena stock has delivered a very large gain over the past few years, while the main valuation checks send mixed signals about where value now sits. The Discounted Cash Flow (DCF) intrinsic value estimate screens the shares as undervalued, yet broader checks and market multiples suggest Ciena is not a clear bargain. Ciena has returned very close to 7x over the last 3 years, which puts recent price action at the top end of its recent history and raises the bar for further upside. Expectations...

Jobs Report, New Apple CEO: What to Watch This Week
The Wall Street Journal24d agoneutral
Jobs Report, New Apple CEO: What to Watch This Week

Today Meetings: G20 finance ministers and central-bank governors meeting Economic data: Texas manufacturing outlook survey, agricultural prices, portfolio holdings of foreign securities, preliminary results Tomorrow Executive Moves: John Ternus succeeds Tim Cook as Apple’s CEO Fed speaker: Fed governor Michael Barr, 9:05 a.