Nomura Securities Maintains a 'Buy' on CIENA (CIEN); Reiterates Financial Objectives at Market Day
Tweet
Share
E-mailGet Alerts CIEN Hot Sheet
Price: $44.72 +1.82%
Rating Summary:
25 Buy, 5 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
Rating Summary:
25 Buy, 5 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
Join SI Premium – FREE
Nomura Securities maintains a 'Buy' on CIENA (NASDAQ: CIEN) price target of $17.00.
Analyst, Stuart Jeffrey, said, "We attended Ciena’s capital market day in New York. The meeting was more educational and focused on its technology and strategic positioning in order to drive revenue growth faster than the underlying rate of the optical equipment market. Management introduced the blueprint for its next generation optical architecture, called OPⁿ, which is designed to scale the network to support the exponential growth in data traffic in carrier networks."
"Ciena reiterated its financial targets of 9-11% revenue growth, mid 40s gross margins, low 30s opex to revenue and 10-12% operating margins...We continue to look for strong revenue growth and largely fixed opex to drive margin expansion to 10%, accompanied by solid cash generation.
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 $14.12 yesterday.
Analyst, Stuart Jeffrey, said, "We attended Ciena’s capital market day in New York. The meeting was more educational and focused on its technology and strategic positioning in order to drive revenue growth faster than the underlying rate of the optical equipment market. Management introduced the blueprint for its next generation optical architecture, called OPⁿ, which is designed to scale the network to support the exponential growth in data traffic in carrier networks."
"Ciena reiterated its financial targets of 9-11% revenue growth, mid 40s gross margins, low 30s opex to revenue and 10-12% operating margins...We continue to look for strong revenue growth and largely fixed opex to drive margin expansion to 10%, accompanied by solid cash generation.
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 $14.12 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Needham Assumes CIENA (CIEN) at Buy
- W.R. Berkley (WRB) PT Lowered to $85 at Evercore ISI
- Novartis (NVS) PT Raised to $108 at CFRA
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS ViewRelated Entities
NomuraSign 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!
