As of May, 31 Analysts See $0.23 EPS for Ciena Corporation (CIEN)

May 16, 2018 - By Mohammad Shatley

Ciena Corporation (NYSE:CIEN) Corporate Logo
During Q4 2017 the big money sentiment decreased to 0.94. That’s change of 0.06, from 2017Q3’s 1. 47 investors sold all, 80 reduced holdings as Ciena Corporation ratio dropped. 76 grew holdings while 44 funds amassed holdings. Funds hold 142.49 million shares thus 3.75% less from 2017Q3’s 148.04 million shares.
Metropolitan Life Insur Ny stated it has 0.02% of its capital in Ciena Corporation (NYSE:CIEN). Lsv Asset Mngmt holds 0.01% or 159,400 shs. Putnam Invests Limited Liability Co, a Massachusetts-based fund reported 106,200 shs. Gsa Ptnrs Llp holds 19,859 shs. Mutual Of America Capital Mngmt Ltd Liability Corporation, New York-based fund reported 115,048 shs. Zacks Inv holds 0.11% in Ciena Corporation (NYSE:CIEN) or 241,941 shs. Advsr Asset Mngmt has invested 0.01% in Ciena Corporation (NYSE:CIEN). 15,200 are owned by Virginia Retirement Et Al. Neuberger Berman Group Incorporated Limited Liability Co holds 0.12% or 4.95 million shs. Hsbc Public Limited Company accumulated 14,192 shs or 0% of the stock. Stone Ridge Asset Management Ltd Liability Corp has invested 0.01% of its capital in Ciena Corporation (NYSE:CIEN). Deutsche Bancshares Ag reported 1.61 million shs. State Of New Jersey Common Pension Fund D reported 0.08% in Ciena Corporation (NYSE:CIEN). Raymond James & owns 11,237 shs. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 7,488 shs.

Ciena Corporation registered $4.11 million net activity with 0 buys and 52 insider sales since December 14, 2017. On Thursday, January 11 Shares for $174,903 were sold by SMITH GARY B. Phipps Jason had sold 1,380 shs worth $36,680. MOYLAN JAMES E JR sold $46,252 worth of Ciena Corporation (NYSE:CIEN) on Wednesday, February 21. $92,564 worth of stock was sold by FRODSHAM JAMES on Thursday, February 15. On Tuesday, January 16 Rothenstein David M also sold $45,501 worth of Ciena Corporation (NYSE:CIEN). 2,500 shs valued at $67,396 were sold by ALEXANDER STEPHEN B on Thursday, March 15.

Earnings report for Ciena Corporation (NYSE:CIEN) is awaited on May, 31 before the open., according to Faxor. This year’s EPS analyst estimate is awaited to be $0.23. That is 39.47 % down compareed to $0.38 EPS for last year. If EPS of $0.23 is reported the profit of CIEN could reach $33.02 million giving it 27.59 P/E. Wall Street now predicts 228.57 % EPS growth despite Ciena Corporation previous quarter’s EPS of $0.07. CIEN touched $25.38 during the last trading session after $0.16 change.Ciena Corporation is uptrending after having risen 9.21% since May 17, 2017. CIEN has 4.58 million volume or 35.94% up from normal. CIEN underperformed by 2.34% the S&P500.

Ciena Corporation (NYSE:CIEN) Ratings Coverage

A total of 18 analysts rate Ciena (NYSE:CIEN) as follows: 15 “Buy”, 3 “Hold” and 0 “Sell”. Тherefore 83% are bullish. (NYSE:CIEN) has 22 ratings reports on May 17, 2018 according to StockzIntelligence. On Monday, March 19 the rating was maintained by Northland Capital with “Buy”. The stock rating was maintained by Piper Jaffray with “Hold” on Tuesday, March 6. On Thursday, April 26 the stock of Ciena Corporation (NYSE:CIEN) earned “Buy” rating by Jefferies. On Friday, December 8 the rating was downgraded by PiperJaffray to “Neutral”. On Monday, December 4 the stock has “Buy” rating by Needham. On Thursday, December 7 the stock of Ciena Corporation (NYSE:CIEN) has “Buy” rating given by Stifel Nicolaus. On Friday, March 9 Citigroup maintained Ciena Corporation (NYSE:CIEN) rating. Citigroup has “Buy” rating and $32 target. On Thursday, December 7 the firm earned “Buy” rating by BMO Capital Markets. On Tuesday, March 6 Northland Capital maintained Ciena Corporation (NYSE:CIEN) with “Buy” rating. On Tuesday, January 16 the firm earned “Buy” rating by Goldman Sachs.

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 firm is worth $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.The P/E ratio is 5.4. 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 Investors Chart

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