$0.23 EPS Expected for Ciena Corporation (CIEN)

May 24, 2018 - By Kurt Siggers

Ciena Corporation (NYSE:CIEN) LogoInvestors sentiment decreased to 0.94 in 2017 Q4. Its down 0.06, from 1 in 2017Q3. It dropped, as 47 investors sold Ciena Corporation shares while 80 reduced holdings. 44 funds opened positions while 76 raised stakes. 142.49 million shares or 3.75% less from 148.04 million shares in 2017Q3 were reported.
Tower Research Cap Ltd Liability Corporation (Trc) holds 0% or 503 shares in its portfolio. Putnam Invests Limited owns 106,200 shares. State Of Tennessee Treasury Department invested 0.01% in Ciena Corporation (NYSE:CIEN). Renaissance Technologies Ltd Co stated it has 0.04% in Ciena Corporation (NYSE:CIEN). Strs Ohio owns 12,900 shares. Credit Suisse Ag invested in 213,295 shares or 0% of the stock. State Street Corp has 0.01% invested in Ciena Corporation (NYSE:CIEN). Janney Lc holds 432,554 shares or 0.39% of its portfolio. Rothschild Asset, a New York-based fund reported 1.14 million shares. Howe & Rusling accumulated 7,175 shares or 0.03% of the stock. Adirondack Rech & owns 61,400 shares for 0.5% of their portfolio. Thrivent Financial For Lutherans accumulated 1.63 million shares or 0.11% of the stock. Madison Inv Hldgs reported 402,900 shares stake. Us Bankshares De holds 12,862 shares. Neuberger Berman Group Limited Liability holds 0.12% or 4.95 million shares in its portfolio.

Since December 14, 2017, it had 0 buys, and 57 insider sales for $4.35 million activity. 2,923 shares were sold by HAMILTON RICK, worth $76,742. ALEXANDER STEPHEN B had sold 1,976 shares worth $52,522. $26,954 worth of stock was sold by McFeely Scott on Thursday, March 15. MOYLAN JAMES E JR also sold $53,184 worth of Ciena Corporation (NYSE:CIEN) shares. The insider SMITH GARY B sold $344,158. Another trade for 2,000 shares valued at $45,501 was made by Rothenstein David M on Tuesday, January 16.

Analysts expect Ciena Corporation (NYSE:CIEN) to report $0.23 EPS on May, 31 before the open.They anticipate $0.15 EPS change or 39.47 % from last quarter’s $0.38 EPS. CIEN’s profit would be $33.02M giving it 26.64 P/E if the $0.23 EPS is correct. After having $0.07 EPS previously, Ciena Corporation’s analysts see 228.57 % EPS growth. The stock decreased 0.45% or $0.11 during the last trading session, reaching $24.51. About 2.00 million shares traded. Ciena Corporation (NYSE:CIEN) has risen 9.21% since May 24, 2017 and is uptrending. It has underperformed by 2.34% the S&P500.

Ciena Corporation (NYSE:CIEN) Ratings Coverage

Among 18 analysts covering Ciena (NYSE:CIEN), 15 have Buy rating, 0 Sell and 3 Hold. Therefore 83% are positive. Ciena had 22 analyst reports since November 27, 2017 according to SRatingsIntel. The stock of Ciena Corporation (NYSE:CIEN) earned “Buy” rating by Goldman Sachs on Tuesday, January 16. The stock of Ciena Corporation (NYSE:CIEN) earned “Buy” rating by Citigroup on Friday, March 9. Morgan Stanley maintained Ciena Corporation (NYSE:CIEN) rating on Friday, March 9. Morgan Stanley has “Equal-Weight” rating and $29 target. The firm has “Neutral” rating given on Friday, December 8 by PiperJaffray. The firm earned “Buy” rating on Tuesday, March 6 by Northland Capital. The rating was maintained by William Blair with “Buy” on Friday, December 8. The firm has “Buy” rating by Jefferies given on Thursday, April 26. The stock of Ciena Corporation (NYSE:CIEN) has “Buy” rating given on Thursday, December 7 by Stifel Nicolaus. The rating was upgraded by Bank of America on Monday, November 27 to “Buy”. The firm has “Buy” rating given on Friday, December 8 by Needham.

Ciena Corporation provides hardware, software, and services that support the transport, switching, aggregation, service delivery, and management of voice, video, and data traffic on communications networks worldwide. The company has market cap of $3.52 billion. The company's Networking Platforms segment offers hardware networking solutions optimized for the convergence of coherent optical transport, optical transport network switching, and packet switching. It has a 5.21 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, 5100/5200 Advanced Services Platform, Common Photonic Layer, and 6100 Multiservice Optical Platform.

Ciena Corporation (NYSE:CIEN) Institutional Positions Chart

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