Morgan Stanley Downgrades CIENA (CIEN) to Equalweight

MKM Partners Raises Price Target on Ciena (CIEN) to $28; Reiterates Buy

MKM 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

BMO 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

Jefferies 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

Drexel 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.

Ciena (CIEN) Tops Q3 EPS by 4c

Ciena (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

Ciena (CIEN) calls active on elevated volatility into Q3 and outlook

Ciena (NYSE: CIEN) September 22 and 25 calls are active on total call volume of 19K contracts (10K puts) into the expected release of Q3 results on September 1. September weekly call option implied volatility is at 155, September is at 49, October is at 47; compared to its 52-week range of 31 to 63.