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

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

December 8, 2016 5:29 PM EST

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

December 8, 2016 4:57 PM EST

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

December 8, 2016 3:09 PM EST

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

December 8, 2016 7:01 AM EST

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

Options with increasing put volume on December 7; ACOR PLAY BWA XSP VA ALR NRG MNK CIEN HRB

December 8, 2016 5:30 AM EST

Options with increasing put volume on December 7; ACOR PLAY BWA XSP VA ALR NRG MNK CIEN FTK TTM HRB

... More

Trading Radar for 12/8: Finisar (FNSR), Restoration Hardware (RH), Yingli Green Energy (YGE) Report

December 7, 2016 3:19 PM EST

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EST

Initial Claims - Street sees 255kContinuing Claims - no Street consensus

Earnings:

Cherokee (Nasdaq: CHKE) - no Street consensus
Ciena (Nasdaq: CIEN) -... More