Ciena Reports Fiscal Third Quarter 2018 Financial Results

CIENA (CIEN) PT Raised to $36 at MKM Partners

MKM Partners analyst Michael Genovese raised the price target on CIENA (NYSE: CIEN) to $36.00 (from $32.00) while maintaining a Buy rating.

Genovese commented, "Ciena delivered strong 3QFY18 earnings with revenues, GMs and EPS well ahead of expectations. B-B was above 1.0 and Ciena exited the... More

CIENA (CIEN) PT Raised to $39 at JPMorgan Following 3Q

JPMorgan analyst, Samik Chatterjee, raised the price target on CIENA (NYSE: CIEN) to $39.00 (from $33.00) while maintaining a Overweight rating following the company's 3Q earnings report. Ciena reported much better than expected results, and another raise to the revenue growth guidance for the full year,... More

CIENA (CIEN) PT Raised to $33 at Needham & Company

Needham & Company analyst Alex Henderson raised the price target on CIENA (NYSE: CIEN) to $33.00 (from $29.00) while maintaining a Buy rating following strong results.

Henderson commented, "Ciena reported results well above trend line with FY3Q Revenues up a robust 12% yr-yr and 5% ahead... More

JPMorgan Remains Bullish on Ciena (CIEN) Following 3Q Report

JPMorgan analyst, Samik Chatterjee, reiterated an Overweight rating and $33.00 price target on CIENA (NYSE: CIEN) following the company's 3Q earnings report. Revenues tracked at $819 mn vs. consensus of $792 (vs. management guidance of $775-$805 mn). EPS of $0.48 vs. consensus of $0.36.

Chatterjee expects the... More

Ciena (CIEN) Tops Q3 EPS by 12c

Ciena (NYSE: CIEN) reported Q3 EPS of $0.48, $0.12 better than the analyst estimate of $0.36. Revenue for the quarter came in at $818.8 million versus the consensus estimate of $790.94 million.

For earnings history and earnings-related data on Ciena (CIEN) click here.