CIENA (CIEN) PT Raised to $53 at Raymond James

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Needham & Company Reiterates Hold Rating on CIENA (CIEN)

June 7, 2019 7:34 AM EDT

Needham & 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 EDT

MKM 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 EDT

Citi 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 Rises to $45 at Piper Jaffray Ahead of 800G Launch

June 7, 2019 7:16 AM EDT

Piper Jaffray analyst Troy Jensen raised the price target on CIENA (NYSE: CIEN) to $45.00 (from $41.00) after the company reported April results beating consensus estimates across the board. Ciena reported strong results with revenues of $865.0M, up 18.5% y/y, exceeding consensus of $819.0M. Ciena... More

CIENA (CIEN) PT Raised to $54 at Stifel

June 7, 2019 7:09 AM EDT

Stifel 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 $36 at Deutsche Bank

June 7, 2019 6:34 AM EDT

Deutsche Bank analyst Vijay Bhagavath raised the price target on CIENA (NYSE: CIEN) to $36.00 (from $32.00) while maintaining a Hold rating.

The analyst comments "While we note better than Top Line and EPS results in the quarter and in the Q3 outlook,... More

CIENA (CIEN) PT Raised to $52 at Nomura/Instinet

June 7, 2019 6:30 AM EDT

Nomura/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) PT Raised to $46 at UBS

June 7, 2019 6:29 AM EDT

UBS raised its price target on CIENA (NYSE: CIEN) to $46.00 (from $42.00) while maintaining a Neutral rating.

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CIENA (CIEN) Sees Acceleration In North America, PT to $45 at Rosenblatt

June 7, 2019 6:29 AM EDT

Rosenblatt analyst Ryan Koontz raised the price target on CIENA (NYSE: CIEN) to $45.00 (from $38.00) after the company beat F2Q19 revenue consensus by +5.7% and Earnings by +$0.08. F2Q19 was driven by very strong North America sales (+34% y/y) with webscale sales (+31% y/y)... More

CIENA (CIEN) Beat/Raise Drives PT to $53 at Goldman Sachs

June 7, 2019 6:18 AM EDT

Goldman Sachs analyst Rod Hall raised the price target on CIENA (NYSE: CIEN) to $53.00 (from $45.00) after the company reported a beat and raise with growth accelerating to 34% Y/Y in North America. Revenue guidance at midpoint was 9% better than consensus as the company... More

Ciena (CIEN) Tops Q2 EPS by 7c

June 6, 2019 7:03 AM EDT

Ciena (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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