Ciena Reports Fiscal Second Quarter 2016 Financial Results
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Jefferies Raises Price Target on Ciena (CIEN) Following Strong 2Q Results
June 3, 2016 9:04 AM EDTJefferies maintained a Buy rating on CIENA (NYSE: CIEN), and raised the price target to $25.00 (from $23.00), following the company's 2Q earnings report. Revenue totaled $640.7 million versus the Street's $630.8 million estimate. Management emphasized that the strength was relatively broad-based across Cienas business... More
Needham & Company Raises Estimates on Ciena (CIEN) Following 2Q; Reiterates Buy
June 3, 2016 6:46 AM EDTNeedham & Company maintained a Buy rating and $30.00 price target on CIENA (NYSE: CIEN) following the company's 2Q earnings report. 2016 revenue estimates were raised to $2.664B from $2.650B, while 2017 revenues were maintained at $2.9B. Full year EPS was raised to $1.45 from $1.36.
Analyst Alex Henderson commented,... More
Ciena (CIEN): Need More Detail To Confirm Turnaround - Nomura
June 2, 2016 10:07 AM EDTNomura analyst, Jeffrey Kvaal, noted that Ciena (NYSE: CIEN) reversed a string of disappointing quarters with a solid beat-and-meet quarter driven by a robust recovery in international demand. While consensus EPS estimates should rise modestly, the shares may celebrate given... More
Ciena (CIEN) Tops Q2 EPS by 7c; Guides In-Line
June 2, 2016 7:02 AM EDTCiena (NYSE: CIEN) reported Q2 EPS of $0.34, $0.07 better than the analyst estimate of $0.27. Revenue for the quarter came in at $640.7 million versus the consensus estimate of $630.74 million.
"This quarter's strong financial performance is a result of the investments we've made to diversify... More
