Ciena (CIEN) Misses Q4 EPS by 2c
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Jefferies Adjusts Estimates on Ciena (CIEN) - PT to $29
December 9, 2016 8:09 AM ESTJefferies 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
December 8, 2016 5:29 PM ESTBMO 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
December 8, 2016 4:57 PM ESTMKM 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
December 8, 2016 3:09 PM ESTNeedham & 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
