Barclays Maintains an 'Overweight' on CIENA (CIEN); Transport and CESD Snapback
Tweet Send to a FriendGet Alerts CIEN Hot Sheet
Price: $15.51 +0.19%
Rating Summary:
14 Buy, 10 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
14 Buy, 10 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade CIEN Now!
Barclays maintains an 'Overweight' on CIENA (NASDAQ: CIEN) price target lowered from $19 to $18.
Analyst, Jeff Kvaal, said, "Ciena delivered a healthy F2Q beat and guided F3Q sales in line...EPS lower as opex discipline partially offsets GM decline: Our F3Q sales estimates of ~$470M is largely unchanged vs. $455-$485M guide. We lower our FY13 EPS to $0.60 from $0.68 and CY13 to $0.79 from $0.85. EPS is lower vs. consensus due to convert."
Kvaal Call: Underneath a mediocre 2Q lies a better transport business and a slowly arriving 5400 cycle.
For an analyst ratings summary and ratings history on CIENA click here. For more ratings news on CIENA click here.
Shares of CIENA closed at $13.55 yesterday, with a 52 week range of $9.89-$27.27.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Jeff Kvaal, said, "Ciena delivered a healthy F2Q beat and guided F3Q sales in line...EPS lower as opex discipline partially offsets GM decline: Our F3Q sales estimates of ~$470M is largely unchanged vs. $455-$485M guide. We lower our FY13 EPS to $0.60 from $0.68 and CY13 to $0.79 from $0.85. EPS is lower vs. consensus due to convert."
Kvaal Call: Underneath a mediocre 2Q lies a better transport business and a slowly arriving 5400 cycle.
For an analyst ratings summary and ratings history on CIENA click here. For more ratings news on CIENA click here.
Shares of CIENA closed at $13.55 yesterday, with a 52 week range of $9.89-$27.27.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Jefferies Bumps Zumiez (ZUMZ) Numbers Up, But Remains on Sidelines
- Janney Capital Boosts PT on Gap (GPS) Post Q1
- MKM Partners Lifts PT on KB Home (KBH) After Management Meetings
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Barclays
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
