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CIENA (CIEN) Expected to Report In-Line Q1 Results and Outlook, Needham & Company Says

March 4, 2014 8:19 AM EST Send to a Friend
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Price: $20.69 +1.07%

Rating Summary:
    19 Buy, 10 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 3 | Down: 4 | New: 7
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Needham & Company analyst Alex Henderson reiterated a Buy rating and $31 price target on CIENA (NASDAQ: CIEN) ahead of first quarter results on Thursday, March 6, 2014 before the open. Henderson is looking for an in-line quarter and guidance.

"CIENA is likely to report and guide "in-line"," Henderson said. "The FY1Q is generally one of the least volatile for Ciena. When they report the Oct. Q, they have November in hand when they give guidance. December is generally a lockdown month for most Service Providers that do not want to change their network in the holiday rush. January is one of the slowest months of the year for new orders and network deployment completions."

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 $22.69 yesterday.




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