The backtest results show that CIEN has a low short-term win rate of 22.22% at 3 and 10 days post-earnings beat, with a slight negative 3-day return of -0.76%. However, the 30-day win rate improves significantly to 66.67%, accompanied by a positive 4.48% average return, indicating stronger medium-term gains. This suggests that while immediate reactions to earnings beats may be muted or negative, holding CIEN for a month post-event tends to yield favorable returns. Investors might consider a longer holding period to capitalize on the delayed positive price momentum after earnings beats.

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The backtest results show that the Software Industry experienced no significant impact following earnings beats, with a maximum return of only 0.83% observed 26 days after the event. This minimal response suggests that earnings beats in this sector do not strongly influence stock performance over the tested period.

The analysis indicates that despite frequent earnings beats, the Software Industry's price movements remain largely unaffected, implying limited market reaction to such events.

Investors might consider that earnings beats alone are insufficient signals for trading decisions within the Software Industry.

Backtest CIEN Earning Beats

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