MKM Partners Say Ciena (CIEN) Weakness is Overdone; Reiterates Buy
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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
Ciena's (CIEN) Strong Sell Rating Removed at Off Wall Street
December 11, 2015 9:52 AM ESTOff Wall Street removed its Strong Sell rating on Ciena (NYSE: CIEN), according to sources.
Unusual 11 Mid-Day Movers 12/10: (BLT) (INVT) (LOJN) Higher; (AEZS) (AIXG) (MW) Lower
December 10, 2015 1:01 PM ESTBlount International, Inc. (NYSE: BLT) 84.5% HIGHER; announced that it has entered into a definitive agreement to be acquired by affiliates of American Securities LLC and P2 Capital Partners, LLC, in an all-cash transaction valued at approximately $855 million, including the assumption of debt. Blount is a global manufacturer and marketer of replacement parts, equipment, and accessories for consumers and professionals operating in three market segments: Forestry, Lawn, and Garden; Farm, Ranch, and Agriculture (FRAG); and Concrete Cutting and Finishing.
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.
... MorePre-Open Stock Movers 12/10: (BLT) (LOJN) (OLLI) Higher; (AIXG) (MW) (CIEN) Lower (more...)
December 10, 2015 9:32 AM ESTBlount International, Inc. (NYSE: BLT) 82.5% HIGHER; announced that it has entered into a definitive agreement to be acquired by affiliates of American Securities LLC (American Securities) and P2 Capital Partners, LLC (P2 Capital Partners) in an all-cash transaction valued at approximately $855 million, including the assumption of debt. Blount is a global manufacturer and marketer of replacement parts, equipment, and... More
Ciena (CIEN) Tops Q4 EPS by 3c
December 10, 2015 7:01 AM ESTCiena (NYSE: CIEN) reported Q4 EPS of $0.42, $0.03 better than the analyst estimate of $0.39. Revenue for the quarter came in at $692 million versus the consensus estimate of $683.56 million.
GUIDANCE:
Ciena sees Q1 2016 revenue of $550-590 million, versus the consensus of $634.8... More
Trading Radar for 12/10: Adobe (ADBE), Ciena (CIEN), Vince Holding (VNCE), Finisar (FNSR) Report
December 9, 2015 2:52 PM ESTThe Trading Radar highlights key earnings and economic announcements for the next trading session:
Before Markets Open:
Economics:
8:30am EST
Earnings:
Cantel Medical... More
