Ciena (CIEN) Releases Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Friday, 08 Dec, 2017

The business's revenue was up 3.9% on a year-over-year basis. sell-side analysts anticipate that Ciena Corporation will post 1.51 earnings per share for the current year.

The stock decreased 0.92% or $0.195 during the last trading session, reaching $20.975. The broad Drug Manufacturers - Major industry boasts an average P/S ratio of 3.85, which is significantly better than the sector's 5.6.

Ciena Corporation by far traveled 9.12% versus a 1-year low price of $19.4001. About 2.87M shares traded. Insiders own 1.45% of the company's stock. The 20-day Stochastic %k measure, which sits at 83.61%, tells a different story, and suggests that CIEN now trades in overbought territory. Sunesis Pharmaceuticals, Inc. (NASDAQ:SNSS) has risen 8.33% since December 7, 2016 and is uptrending. It has underperformed by 100.65% the S&P500. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. "Ultimately, through all this investigation into the company's performance the analyst decides if their stock is a "buy", sell" or hold".

For the year, the company reported profit of $1.26 billion, or $7.53 per share. The firm has "Hold" rating by Cantor Fitzgerald given on Tuesday, July 18. The company was maintained on Thursday, July 20 by Stifel Nicolaus. Shelton Management reported 11,260 shares stake.

The SMA20 for the stock is at 2.38 percent, SMA50 stands at -0.18 percent, while SMA200 is -9.44 Percent, according to Finviz reported data.

Since January 1, 0001, it had 0 insider purchases, and 6 sales for $338,245 activity. Shares for $50,040 were sold by Rothenstein David M on Thursday, June 15.

Weaver C Barksdale And stated it has 542 shares. On Thursday, June 15 McFeely Scott sold $25,020 worth of Ciena Corporation (NYSE:CIEN) or 1,000 shares. The average 1-year price target for (CIEN) reveals an average price target of $28.38 per share. Nomura reaffirmed a "buy" rating and issued a $28.00 target price on shares of Ciena in a research note on Wednesday, September 20th. As per Sunday, August 27, the company rating was maintained by William Blair. M Partners has "Buy" rating and $30.0 target. On Monday, August 21 the stock rating was maintained by Jefferies with "Buy". On Monday, September 18 the stock rating was maintained by Needham with "Buy". Northland Capital upgraded the stock to "Outperform" rating in Thursday, December 10 report. As per Monday, December 14, the company rating was maintained by Jefferies. If market is up, the stock should outperform by positive momentum and if the market heads lower, the stock should go down by same tendency. The Connecticut-based Columbus Circle Investors has invested 0.03% in Ciena Corporation (NYSE:CIEN). Northwest Counselors Ltd holds 0% of its portfolio in Admiral Group plc (LON:ADM) for 100 shares.

Ciena Corporation is a network strategy and technology company, which provides solutions that enable a range of network operators to adopt communication architectures and deliver an array of services, relied upon by enterprise and consumer end users. It has a 23.63 P/E ratio. The Company's products include 6500 Packet-Optical Platform and the 5430 Reconfigurable Switching System, Waveserver stackable interconnect system, CoreDirector Multiservice Optical Switches, and OTN configuration for the 5410 Reconfigurable Switching System, as well as Z-Series Packet-Optical Platform; 3000 family of service delivery switches and service aggregation switches, and the 5000 family of service aggregation switches, as well as 8700 Packetwave Platform and the Ethernet packet configuration for the 5410 Service Aggregation Switch; and 4200 Advanced Services Platform, Corestream 5100/5200 Advanced Services Platform, Common Photonic Layer, and 6100 Multiservice Optical Platform. When volumes suddenly increase above normal levels, it can be a sign that investors feel very strongly in one way or the other about the future direction of a stock, or may even have access to inside information. Its up 0.06, from 1.2 in 2017Q1. Broadview Advisors Ltd Liability Corporation invested in 2.27% or 614,375 shares. 60 funds opened positions while 92 raised stakes. 1492 Mgmt Lc has invested 2.03% in Ciena Corporation (NYSE:CIEN). CIEN ended at price of $21.44 after 3.45 million shares traded at hands.

Investors also need to beware of the Ciena Corporation (NYSE:CIEN) valuations. Primecap Com Ca holds 0.01% or 508,127 shares. Macquarie Grp Limited holds 90,274 shares or 0% of its portfolio. After having $0.44 EPS previously, Ciena Corporation's analysts see 0.00 % EPS growth. Shannon River Fund Mgmt Limited Com reported 498,998 shares stake. Sit Invest Associate owns 273,500 shares. Moreover, Southport Management L.L.C. has 2.83% invested in the company for 42,100 shares. Whittier Trust has 362 shares for 0% of their portfolio. Asset Management Inc holds 0.01% or 8,935 shares.