Ciena Reports Fiscal Third Quarter 2016 Financial Results
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MKM Partners Raises Price Target on Ciena (CIEN) to $28; Reiterates Buy
September 2, 2016 10:51 AM EDTMKM Partners reiterated a Buy rating on CIENA (NYSE: CIEN), and raised the price target to $28.00 (from $26.00), following the company's 3Q earnings report. MKM's bullish view is based on the strong U.S. and European 100+G Metro and DCI cycles that should drive total... More
BMO Capital Raises price Target on Ciena (CIEN) to $27.00 Following 3Q Report
September 2, 2016 10:08 AM EDTBMO Capital reiterated an Outperform rating on CIENA (NYSE: CIEN), and raised the price target to $27.00 (from $25.00), following the company's 3Q earnings report. CIEN reported in-line revenues and margins and EPS that was better than expected. EPS of $0.42 was above consensus estimate of $0.38.... More
CIENA (CIEN) PT Raised to $27 at Jefferies on NA Improvement
September 2, 2016 7:11 AM EDTJefferies analyst George Notter reiterated a Buy rating and boosted his price on CIENA (NYSE: CIEN) to $27.00 (from $23.00) following Q3 results saying a North America improvement is coming.
Notter commented, "The July results reinforced our thesis that Cienas North American business would... More
Drexel Hamilton Downgrades CIENA (CIEN) to Hold
September 2, 2016 6:47 AM EDTDrexel Hamilton downgraded CIENA (NYSE: CIEN) from Buy to Hold.
For an analyst ratings summary and ratings history on CIENA click here. For more ratings news on CIENA click here.
Shares of CIENA closed at $23.17 yesterday.
... MoreCiena (CIEN) Tops Q3 EPS by 4c
September 1, 2016 7:01 AM EDTCiena (NYSE: CIEN) reported Q3 EPS of $0.42, $0.04 better than the analyst estimate of $0.38. Revenue for the quarter came in at $670.6 million versus the consensus estimate of $672.17 million.
GUIDANCE:
Ciena sees Q4 2016 revenue of $700-730 million, versus the consensus of $722... More
