CIENA's (CIEN) Weak Guidance Is a Temporary Overhang - Needham
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Go back to CIENA's (CIEN) Weak Guidance Is a Temporary Overhang - Needham
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
December 11, 2015 9:52 AM EST
Off Wall Street removed its Strong Sell rating on Ciena (NYSE: CIEN), according to sources.
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December 10, 2015 7:01 AM EST
Ciena (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
