MKM Partners Reduces Estimates on CIENA (CIEN); Oct. Guidance Even Weaker, But 2013 Should Be Favorable
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UBS Lowers PT and Estimates on CIENA (CIEN); See Ramp Possibly Mid-2013
August 31, 2012 10:36 AM EDTUBS maintains a 'Neutral' on CIENA (NASDAQ: CIEN) price target of $14.00 (from $15.25).
Analyst, Amitabh Passi, said, "With weaker F3Q results and F4Q guidance, we believe Cienas compelling product cycle story (40G/100G transport and 5430 OTN switch) may take several quarters to... More
Needham & Company Chops Estimates on CIENA (CIEN); Weak Quarter, Weak Guidance
August 31, 2012 8:20 AM EDTNeedham & Company maintains a 'Buy' on CIENA (NASDAQ: CIEN) price target of $19.00.
Analyst, Alex Henderson, said, "Over the last quarter we have been pretty clear about our concerns on 2H economic conditions and the risk to spending at both enterprise and service... More
Nomura Securities Reiterates a 'Buy' on CIENA (CIEN); Raising PT on Solid Q3
August 31, 2012 8:17 AM EDTNomura Securities reiterates a 'Buy' on CIENA (NASDAQ: CIEN) price target of $21.00 (from $18.00).
Analyst, Stuart Jeffrey, said, "Solid Q3 features in-line revenues and better-than-expected opex control resulting in solid operating leverage and better- than-expected cash generation. A one-off slightly boosted gross... More
Ciena's Weak Results Stinking-Up the Networking Sector Today
August 30, 2012 12:05 PM EDTNetworking peers aren't happy with CIENA Corp. (NASDAQ: CIEN) Thursday. The group is lower across the board following weak third quarter results and a lower outlook Ciena.
Ciena reported Q3 EPS of ($0.04), $0.02 worse than the analyst estimate of ($0.02). Revenue for the quarter came... More
Ciena (CIEN) Q3 Results Highlight Challenges in Telecom Networking Solutions Segment
August 30, 2012 7:44 AM EDTMajor communications networking solutions player Ciena Corp. (Nasdaq: CIEN) may be getting sucked into the void shared by such names as Nokia Siemens (NYSE: NOK)(NYSE: SI), Alcatel-Lucent (NYSE: ALU), and Tellabs (Nasdaq: TLABS)
Ciena issued third-quarter 2012 numbers earlier this morning. Sales rose 8.9 percent to $474.1 million. On an adjusted basis, Ciena swung to a loss of $4.12... More
Ciena Corp. (CIEN) Misses Q3 EPS by 2c; Guides Q4 Sales Below Views
August 30, 2012 7:01 AM EDTCiena Corp. (NASDAQ: CIEN) reported Q3 EPS of ($0.04), $0.02 worse than the analyst estimate of ($0.02). Revenue for the quarter came in at $474.1 million versus the consensus estimate of $473.37 million.
Ciena Corp. sees Q4 revenue of $455-480 million, versus the consensus of $499.5 million.
... More
