The backtest shows that CIEN's stock posted low short-term win rates of 11.11% at both 3 and 10 days, with minor negative average returns in those periods. However, the 30-day win rate improved to 55.56% with a near-neutral return, indicating limited but somewhat better performance over the longer term after earnings beats. Despite occasional gains, the overall impact of earnings surprises on CIEN appears weak and inconsistent, reflecting a lack of strong sustained momentum. Investors should be cautious and may consider a more diversified approach rather than relying on immediate post-earnings gains in CIEN.

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The backtest results show that beating earnings expectations in the Software Industry generated a negligible maximum return of 0.70% over the study period, indicating no significant impact on the sector's stock performance. This minimal response suggests that earnings beats are not a reliable indicator for outsized gains within this industry over the medium term. Consequently, investors should be cautious about placing strong weight on earnings beats alone when making investment decisions related to the Software Industry, as such events appear to lack predictive power for notable price movements.

Backtest CIEN Earning Beats

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