Ciena Reports Fiscal Fourth Quarter 2016 and Year-End Financial Results

Jefferies Adjusts Estimates on Ciena (CIEN) - PT to $29

Jefferies reiterated a Buy rating on CIENA (NYSE: CIEN), and raised the price target to $29.00 (from $27.00), following the company's 4Q earnings report. Jefferies maintained fiscal 2017 revenue estimates of $2.8 billion. EPS estimates go from $1.75 to $1.70 on slightly lower gross margin assumptions.

Analyst George Notter... More

BMO Capital Raises Price Target on Ciena (CIEN) Following 4Q

BMO Capital reiterated an Outperform rating on CIENA (NYSE: CIEN), and raised the price target to $30.00 (from $27.00), following the company's 4Q earnings report. Ciena reported generally solid results, with in-line revenues and margins and EPS that were a touch lower. However, BMO... More

MKM Partners Raises Price Target on Ciena (CIEN) to $30 Following 4Q

MKM Partners reiterated a Buy rating on CIENA (NYSE: CIEN), and raised the price target to $30.00 (from $28.00), following the company's 4Q earnings report. CIEN reported revenues of $716mn, falling short of estimates by $1mn and GMs of 45.2% missed estimates by 40bps. EPS came in at $0.44, one penny below forecasts.

Analyst... More

Needham & Company Reiterates Buy on Ciena (CIEN) Following 4Q Report

Needham & Company reiterated a Buy rating and $30.00 price target on Ciena (NYSE: CIEN) following the company's 4Q earnings report and conference call. Needham has increased revenue estimates for 2017 to $2,838 million from $2,796 million and EPS to $1.65 from $1.61.

Analyst Alex Henderson commented, "Ciena reported a... More

Ciena (CIEN) Misses Q4 EPS by 2c

Ciena (NYSE: CIEN) reported Q4 EPS of $0.44, $0.02 worse than the analyst estimate of $0.46. Revenue for the quarter came in at $716.2 million versus the consensus estimate of $716.48 million.

GUIDANCE:

Ciena sees Q1 2017 revenue of $615-645 million, versus the consensus of $634.6 million.

Our strong fiscal... More