Ciena (CIEN) Tops Q4 EPS by 3c
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CIENA's (CIEN) Weak Guidance Is a Temporary Overhang - Needham
December 14, 2015 8:55 AM ESTNeedham & Company analyst, Alex Henderson, points out that CIENA (NYSE: CIEN) guidance for the January quarter was significantly weaker than the positive book to bill ratio would suggest is a sustainable growth rate. The divergence is the result of large Metro orders with acceptance criteria. Ciena's suppliers are seeing strong orders. Ciena noted strong orders. Yet the revenue forecast is soft. This reflects... More
MKM Partners Say Ciena (CIEN) Weakness is Overdone; Reiterates Buy
December 11, 2015 11:12 AM ESTMKM Partners maintained a Buy rating on CIENA (NYSE: CIEN), and cut the price target to $26.00 (from $29.00), following the company's 4Q earnings report. Revenues came in at $692mn, $8mn better than expected. Cyan revenues were $84mn, $34mn higher than forecast, due to strong CAF-related spending at Windstream. This suggests organic revenues missed expectations by ~$25mn. MKM... More
Northland Capital Markets Upgrades CIENA (CIEN) to Outperform
December 10, 2015 12:48 PM ESTNorthland Capital Markets upgraded CIENA (NYSE: CIEN) from Market Perform to Outperform with a price target of $25.00.
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 $24.11 yesterday.
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