UBS Maintains a 'Neutral' on CIENA (CIEN); Lowering Estimates and Price Target
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Price: $445.18 +3.83%
Rating Summary:
25 Buy, 7 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 2 | Down: 8 | New: 6
Rating Summary:
25 Buy, 7 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 2 | Down: 8 | New: 6
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UBS maintains a 'Neutral' on CIENA (NASDAQ: CIEN) price target lowered from $16 to $13.50.
UBS analyst says, "We expect CIEN to report in-line results vs. estimates of $453M in sales and $0.08 in pro-forma EPS, slightly above street consensus of $450M/$0.07. We believe CIEN saw a sequential improvement across most product lines, with strength in CESD. We believe, however, that CIEN will likely see a more normal flat to down seasonal 1Q12 (January quarter). We are slightly below the street estimates for 1Q at $451M and $0.08 vs. $459M and $0.10."
"We are lowering our fiscal 2012 estimates to $1.902B (+9%) in sales and $0.65 in pro-forma EPS, down from $1.917B (+10%) and $0.70. Our estimates are slightly below consensus sales and EPS of $1.937B (+12%) and $0.73."
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 $11.89 yesterday.
UBS analyst says, "We expect CIEN to report in-line results vs. estimates of $453M in sales and $0.08 in pro-forma EPS, slightly above street consensus of $450M/$0.07. We believe CIEN saw a sequential improvement across most product lines, with strength in CESD. We believe, however, that CIEN will likely see a more normal flat to down seasonal 1Q12 (January quarter). We are slightly below the street estimates for 1Q at $451M and $0.08 vs. $459M and $0.10."
"We are lowering our fiscal 2012 estimates to $1.902B (+9%) in sales and $0.65 in pro-forma EPS, down from $1.917B (+10%) and $0.70. Our estimates are slightly below consensus sales and EPS of $1.937B (+12%) and $0.73."
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 $11.89 yesterday.
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