CIENA's (CIEN) Weak Guidance Is a Temporary Overhang - Needham
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
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
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.
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
