Ciena's (CIEN) Strong Sell Rating Removed at Off Wall Street

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 6/22/2026

1. SPCX
2. NVDA
3. ACN
4. USO
5. DFTX
6. GOOGL
7. APGE
8. MU
9. HOOD
10. IBM

Go back to Ciena's (CIEN) Strong Sell Rating Removed at Off Wall Street

CIENA's (CIEN) Weak Guidance Is a Temporary Overhang - Needham

December 14, 2015 8:55 AM EST

Needham & 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 EST

MKM 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