Analysts See $0.23 EPS for Ciena Corporation (CIEN)

May 17, 2018 - By Adrian Mccoy

Ciena Corporation (NYSE:CIEN) LogoInvestors sentiment decreased to 0.94 in Q4 2017. Its down 0.06, from 1 in 2017Q3. It turned negative, 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.
Voloridge Invest Management Ltd Liability Corporation invested in 587,806 shares. Madison Investment Holdings, a Wisconsin-based fund reported 402,900 shares. Schroder Invest Mgmt Gru holds 3.64 million shares or 0.12% of its portfolio. Goldman Sachs Grp Inc has 2.45 million shares for 0.01% of their portfolio. Mason Street Advisors Limited Liability reported 70,298 shares stake. Us Bank & Trust De owns 12,862 shares. Morgan Stanley accumulated 0% or 775,235 shares. Swiss Bankshares holds 0.01% of its portfolio in Ciena Corporation (NYSE:CIEN) for 241,600 shares. 2,170 were reported by Pub Employees Retirement Systems Of Ohio. Nj State Employees Deferred Compensation Plan, a New Jersey-based fund reported 30,000 shares. 18,536 were accumulated by Cim Inv Mangement. Piermont Capital Mngmt Inc invested in 38,060 shares or 0.26% of the stock. Millennium Management Ltd Liability Corp reported 2.48M shares stake. Huntington Bancorp, Ohio-based fund reported 156 shares. Peak6 Invests L P has 0.01% invested in Ciena Corporation (NYSE:CIEN) for 81,770 shares.

Since December 14, 2017, it had 0 insider purchases, and 52 selling transactions for $4.11 million activity. FRODSHAM JAMES also sold $53,905 worth of Ciena Corporation (NYSE:CIEN) on Thursday, March 15. ALEXANDER STEPHEN B sold $52,522 worth of stock. Another trade for 1,163 shares valued at $30,913 was sold by McFeely Scott. Another trade for 2,000 shares valued at $42,620 was made by Rothenstein David M on Friday, December 15. MOYLAN JAMES E JR sold 2,000 shares worth $43,080. GALLAGHER PATRICK sold $20,948 worth of Ciena Corporation (NYSE:CIEN) on Monday, March 26.

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 27.59 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 increased 0.63% or $0.16 during the last trading session, reaching $25.38. About 4.58M shares traded or 35.94% up from the average. Ciena Corporation (NYSE:CIEN) has risen 9.21% since May 17, 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. On Thursday, December 7 the stock rating was maintained by Stifel Nicolaus with “Buy”. Cowen & Co maintained Ciena Corporation (NYSE:CIEN) rating on Wednesday, December 6. Cowen & Co has “Buy” rating and $33.0 target. On Tuesday, March 6 the stock rating was maintained by Piper Jaffray with “Hold”. On Friday, December 8 the stock rating was downgraded by PiperJaffray to “Neutral”. The rating was maintained by Needham with “Buy” on Monday, December 4. The firm has “Buy” rating given on Friday, March 9 by Citigroup. The stock of Ciena Corporation (NYSE:CIEN) has “Buy” rating given on Wednesday, March 7 by Jefferies. The company was maintained on Thursday, December 7 by BMO Capital Markets. The stock of Ciena Corporation (NYSE:CIEN) has “Buy” rating given on Friday, December 8 by William Blair. The rating was maintained by Needham on Friday, December 8 with “Buy”.

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 $3.64 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 5.4 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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