Needham & Company Chops Estimates on CIENA (CIEN); Weak Quarter, Weak Guidance

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 8/15/2026

1. AMAT
2. GLOB
3. SPY
4. RDDT
5. HTFL
6. SNDK
7. WDAY
8. ADYEN:NA
9. DVLT
10. ADYYF

Go back to Needham & Company Chops Estimates on CIENA (CIEN); Weak Quarter, Weak Guidance

Nomura Securities Reiterates a 'Buy' on CIENA (CIEN); Raising PT on Solid Q3

August 31, 2012 8:17 AM EDT

Nomura Securities reiterates a 'Buy' on CIENA (NASDAQ: CIEN) price target of $21.00 (from $18.00).

Analyst, Stuart Jeffrey, said, "Solid Q3 features in-line revenues and better-than-expected opex control resulting in solid operating leverage and better- than-expected cash generation. A one-off slightly boosted gross... More

Ciena (CIEN) volatility elevated into poor guidance

August 30, 2012 8:50 AM EDT

Ciena (Nasdaq: CIEN) is recently down $1.87 to $14.85 in the premarket after reporting Q3 adjusted EPS (4c), consensus (2c). Stifel Nicolaus says "in line quarter but poor guidance." Overall option implied volatility of 60 is above its 26-week average of 54 according to Track Data.... More

Ciena (CIEN) Q3 Results Highlight Challenges in Telecom Networking Solutions Segment

August 30, 2012 7:44 AM EDT

Major communications networking solutions player Ciena Corp. (Nasdaq: CIEN) may be getting sucked into the void shared by such names as Nokia Siemens (NYSE: NOK)(NYSE: SI), Alcatel-Lucent (NYSE: ALU), and Tellabs (Nasdaq: TLABS)

Ciena issued third-quarter 2012 numbers earlier this morning. Sales rose 8.9 percent to $474.1 million. On an adjusted basis, Ciena swung to a loss of $4.12... More