Ciena Reports Fiscal Second Quarter 2019 Financial Results
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Needham & Company Reiterates Hold Rating on CIENA (CIEN)
June 7, 2019 7:34 AM EDTNeedham & Company analyst Alex Henderson reiterated a Hold rating on CIENA (NYSE: CIEN) following the company's 2Q report. Revenues came in up 18.5% at $865 million compared to Street estimates of 12% to $819 million. EPS of $0.48 came in $0.07 ahead of Street estimates.
Ciena noted in... More
CIENA (CIEN) PT Raised to $54 at MKM Partners
June 7, 2019 7:30 AM EDTMKM Partners analyst Michael Genovese raised the price target on CIENA (NYSE: CIEN) to $54.00 (from $49.00) while maintaining a Buy rating following the company's 2Q report. Revenues came in at $865mn, compared to $815mn estimates. EPS of $0.48 compared to $0.41 forecast.
Management confidently... More
CIENA (CIEN) PT Raised to $55 at Citi
June 7, 2019 7:27 AM EDTCiti analyst Jim Suva raised the price target on CIENA (NYSE: CIEN) to $55.00 (from $50.00) while maintaining a Buy rating following the company's 2Q earnings report. Reported April quarter sales of $865m was +6% above consensus of $819m and the companys guidance of $800-830m... More
CIENA (CIEN) PT Raised to $53 at Raymond James
June 7, 2019 7:18 AM EDTRaymond James analyst Simon Leopold raised the price target on CIENA (NYSE: CIEN) to $53.00 (from $48.00) while maintaining an Outperform rating following beat and raise results.
Ciena is taking share as it consolidates the optical systems market; for operators, its a flight to quality.... More
CIENA (CIEN) PT Raised to $54 at Stifel
June 7, 2019 7:09 AM EDTStifel analyst John Marchetti raised the price target on CIENA (NYSE: CIEN) to $54.00 (from $46.00) while maintaining a Buy rating following the company's 2Q. Revenue of $865 million increased 19% y/ y driven by broad demand across most customer segments and product verticals, including strength in North... More
CIENA (CIEN) PT Raised to $52 at Nomura/Instinet
June 7, 2019 6:30 AM EDTNomura/Instinet analyst Jeffrey Kvaal raised the price target on CIENA (NYSE: CIEN) to $52.00 (from $50.00) while maintaining a Buy rating following the company's 2Q report. Sales of $865mn offset concerns. The significant sales upside to consensus of $819mn represents 19% YoY growth. EPS of 0.48 came in... More
Ciena (CIEN) Tops Q2 EPS by 7c
June 6, 2019 7:03 AM EDTCiena (NYSE: CIEN) reported Q2 EPS of $0.48, $0.07 better than the analyst estimate of $0.41. Revenue for the quarter came in at $865 million versus the consensus estimate of $819.97 million.
For earnings history and earnings-related data on Ciena (CIEN) click here.
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