Ciena (CIEN) Tops Q1 EPS by 4c; Guides Q2 Revenue Midpoint Below Views
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Europe Miss Reset's Ciena (CIEN) Shares, Maintain Buy - Needham & Company
March 7, 2016 7:57 AM ESTNeedham & Company analyst, Alex Henderson, cut his estimates but maintained his Buy rating on Ciena after an inline quarter but weak guide. That said, the combination of a book to bill ratio > 1, coming demand from domestic carriers and the oversold nature of the stock makes the analyst comfortable with a Buy rating and his unchanged $30 PT.
CIEN cited a $20MM reduction in its outlook due to the Canadian dollar and Brazilian Real. They also stated that they expected a decline in their European business due to misexecution and M&A activity in several Tier 1... More
Ciena (CIEN) Expectations Reset Again - Jefferies
March 4, 2016 7:52 AM ESTJefferies said the best part of Ciena's (NYSE: CIEN) quarter is that current expectations finally seem low enough. Usually not a good sign but with a big Verizon project beginning to contribute later in the year, PiperJaffray analyst, George Notter believes things could get better for the company quickly. He believes that at 10.1x 2017 EPS (and 6.2x EV / 2017E EBITDA), theres a lot... More
