Ciena Corporation (CIEN) EPS Estimated At $0.07

February 25, 2018 - By Linda Rogers

 Ciena Corporation (CIEN) EPS Estimated At $0.07
Investors sentiment decreased to 1 in 2017 Q3. Its down 0.26, from 1.26 in 2017Q2. It turned negative, as 46 investors sold Ciena Corporation shares while 79 reduced holdings. 31 funds opened positions while 94 raised stakes. 148.04 million shares or 3.07% more from 143.63 million shares in 2017Q2 were reported.
Emerald Advisers Pa stated it has 0.72% of its portfolio in Ciena Corporation (NYSE:CIEN). Mason Street Advsr Ltd Liability reported 0.04% of its portfolio in Ciena Corporation (NYSE:CIEN). Dimensional Fund Advisors L P accumulated 0.03% or 2.83M shares. Prelude Cap Management Ltd Company, New York-based fund reported 80,669 shares. Neuberger Berman Gp Ltd Llc reported 0.12% of its portfolio in Ciena Corporation (NYSE:CIEN). Millennium Ltd Limited Liability Company holds 0.02% or 466,152 shares in its portfolio. State Common Retirement Fund accumulated 174,823 shares. First Quadrant Ltd Partnership Ca owns 8,332 shares. Royal State Bank Of Canada has 0% invested in Ciena Corporation (NYSE:CIEN). Symphony Asset Mngmt Ltd Liability Company owns 69,581 shares. Victory Capital Mgmt Inc has invested 0.11% of its portfolio in Ciena Corporation (NYSE:CIEN). Blair William & Il invested in 0% or 9,634 shares. Great West Life Assurance Can holds 0% or 81,559 shares in its portfolio. Management Associate invested in 0.59% or 19,000 shares. Roystone Capital Mngmt L P owns 2.12 million shares.

Since August 24, 2017, it had 0 buys, and 46 selling transactions for $3.13 million activity. SMITH GARY B sold $176,981 worth of stock. On Monday, February 12 the insider FRODSHAM JAMES sold $89,469. Another trade for 1,000 shares valued at $23,152 was made by McFeely Scott on Thursday, February 15. The insider MOYLAN JAMES E JR sold $43,560. ALEXANDER STEPHEN B also sold $57,873 worth of Ciena Corporation (NYSE:CIEN) on Thursday, February 15. Rothenstein David M had sold 2,000 shares worth $42,620 on Friday, December 15.

Analysts expect Ciena Corporation (NYSE:CIEN) to report $0.07 EPS on March, 6 before the open.They anticipate $0.11 EPS change or 61.11 % from last quarter’s $0.18 EPS. CIEN’s profit would be $10.10 million giving it 83.36 P/E if the $0.07 EPS is correct. After having $0.40 EPS previously, Ciena Corporation’s analysts see -82.50 % EPS growth. The stock increased 1.48% or $0.34 during the last trading session, reaching $23.34. About 2.04 million shares traded. Ciena Corporation (NYSE:CIEN) has risen 44.43% since February 25, 2017 and is uptrending. It has outperformed by 27.73% the S&P500.

Ciena Corporation (NYSE:CIEN) Ratings Coverage

Among 23 analysts covering Ciena (NYSE:CIEN), 20 have Buy rating, 0 Sell and 3 Hold. Therefore 87% are positive. Ciena had 80 analyst reports since August 18, 2015 according to SRatingsIntel. As per Wednesday, September 9, the company rating was upgraded by RBC Capital Markets. BMO Capital Markets maintained Ciena Corporation (NYSE:CIEN) on Friday, April 28 with “Buy” rating. The stock of Ciena Corporation (NYSE:CIEN) earned “Mkt Perform” rating by Raymond James on Wednesday, August 26. The firm has “Hold” rating by Deutsche Bank given on Monday, August 29. The stock of Ciena Corporation (NYSE:CIEN) earned “Hold” rating by Deutsche Bank on Friday, June 3. The stock of Ciena Corporation (NYSE:CIEN) earned “Buy” rating by BMO Capital Markets on Thursday, June 1. The firm has “Buy” rating by Cowen & Co given on Friday, September 29. William Blair maintained the stock with “Buy” rating in Sunday, August 27 report. Northland Capital maintained the stock with “Buy” rating in Monday, August 7 report. Cowen & Co maintained the stock with “Buy” rating in Tuesday, May 30 report.

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 $3.37 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 3.1 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.

Another recent and important Ciena Corporation (NYSE:CIEN) news was published by Reuters.com which published an article titled: “BRIEF-Ciena Corp CEO’s 2017 Total Compensation Was $7.6 Million” on February 20, 2018.

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