Ciena Corporation (CIEN) EPS Estimated At $0.07

February 15, 2018 - By Adrian Mccoy

 Ciena Corporation (CIEN) EPS Estimated At $0.07
Investors sentiment decreased to 1 in Q3 2017. Its down 0.26, from 1.26 in 2017Q2. It fall, 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.
Pennant Cap Mngmt Ltd Liability Company invested in 0.19% or 137,400 shares. Nuveen Asset Ltd Liability Company holds 0.01% of its portfolio in Ciena Corporation (NYSE:CIEN) for 49,996 shares. Gemmer Asset Management Ltd Liability Co stated it has 0% of its portfolio in Ciena Corporation (NYSE:CIEN). Pennsylvania-based Cim Mangement Inc has invested 0.15% in Ciena Corporation (NYSE:CIEN). Susquehanna Ltd Liability Partnership accumulated 438,951 shares or 0% of the stock. Moreover, First Manhattan has 0.01% invested in Ciena Corporation (NYSE:CIEN). Rothschild Asset Mngmt accumulated 1.18M shares. Teachers Retirement Systems Of The State Of Kentucky stated it has 0.01% of its portfolio in Ciena Corporation (NYSE:CIEN). Eqis Cap Mngmt Incorporated holds 0.01% in Ciena Corporation (NYSE:CIEN) or 11,188 shares. White Pine Lc holds 0% or 40,360 shares. Oregon Public Employees Retirement Fund invested in 52,264 shares or 0.02% of the stock. Sit Inv Inc owns 270,950 shares. State Of New Jersey Common Pension Fund D holds 0.09% or 1.02 million shares. California State Teachers Retirement Systems holds 0.01% or 226,037 shares. Fmr Limited Com invested in 0% or 1.44 million shares.

Since August 15, 2017, it had 0 insider purchases, and 43 insider sales for $3.06 million activity. The insider SMITH GARY B sold 8,000 shares worth $176,224. MOYLAN JAMES E JR had sold 3,053 shares worth $64,876 on Thursday, September 21. $54,056 worth of Ciena Corporation (NYSE:CIEN) was sold by HAMILTON RICK. Another trade for 2,500 shares valued at $53,914 was made by ALEXANDER STEPHEN B on Monday, October 16. Phipps Jason sold $53,469 worth of stock. 1,000 Ciena Corporation (NYSE:CIEN) shares with value of $24,440 were sold by McFeely Scott.

Analysts expect Ciena Corporation (NYSE:CIEN) to report $0.07 EPS on March, 14.They anticipate $0.11 EPS change or 61.11 % from last quarter’s $0.18 EPS. CIEN’s profit would be $10.06 million giving it 81.71 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 decreased 1.40% or $0.33 during the last trading session, reaching $22.88. About 1.15 million shares traded. Ciena Corporation (NYSE:CIEN) has risen 44.43% since February 15, 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. The firm has “Buy” rating given on Friday, December 9 by M Partners. The firm earned “Buy” rating on Monday, July 3 by Northland Capital. The firm earned “Buy” rating on Friday, September 1 by Dougherty & Company. Nomura maintained Ciena Corporation (NYSE:CIEN) on Friday, September 1 with “Buy” rating. Citigroup maintained it with “Hold” rating and $23 target in Thursday, August 25 report. Jefferies maintained it with “Buy” rating and $32.5 target in Monday, August 21 report. The stock of Ciena Corporation (NYSE:CIEN) has “Buy” rating given on Tuesday, May 30 by Cowen & Co. The firm has “Hold” rating given on Friday, September 2 by Drexel Hamilton. The firm has “Buy” rating by Citigroup given on Wednesday, August 30. The firm has “Buy” rating given on Monday, June 6 by M Partners.

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 $3.29 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 3.04 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 Businesswire.com which published an article titled: “Ciena Announces Reporting Date and Web Broadcast for Fiscal First Quarter 2018 …” on February 15, 2018.

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