Needham & Company Raises Estimates on Ciena (CIEN) Following 2Q; Reiterates Buy
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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
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
Pre-Open Stock Movers 06/02: (BWEN) (RPRX) (CIEN) Higher; (CONN) (SRPT) (DV) Lower (more...)
June 2, 2016 9:26 AM EDTToday's Pre-Open Stock Movers:
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
Pre-open market-options summary
June 2, 2016 6:51 AM EDTGlobex S&P futures are recently down 2.50 from previous days SPX. Nikkei 225 down 2.32%, Hang Seng up 0.41%, DAX up 0.24%. WTI Crude oil is recently at $49.11, natural gas up 0.21%, gold at $1218 an ounce, copper down 0.02%.
Stocks and options expected to be active: ORCL BOX CIEN DCI JOY CONN WUBA
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Trading Radar for 6/2: Ciena (CIEN), Ambarella (AMBA), Five Below (FIVE), Zumiez (ZUMZ), Joy Global (JOY) Report
June 1, 2016 2:51 PM EDTThe Trading Radar highlights key earnings and economic announcements for the next trading session:
Before Markets Open:
Economics:
8:15am EDT
8:30am EDT
Initial Claims - Street sees... MoreCiena (CIEN) June weekly volatility increases to 155 into Q2 and outlook
June 1, 2016 10:02 AM EDTCiena (NASDAQ: CIEN) June weekly call option implied volatility is at 155, June is at 63, July is at 45 compared to its 52-week range of 26 to 63 into the expected release of Q2 results on June 2.
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