Ciena Corp. (CIEN) Posts Q4 Loss of 7c/Share; Guides Q1 Sales
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Despite Weak Numbers, Ciena Corp. (CIEN) Stock Holds Ground, Concerns Remain
December 14, 2012 11:51 AM ESTYesterday morning, Ciena Corp. (NASDAQ: CIEN) missed estimates for Q4 and guided Q1 below Street estimates. The stock was also downgraded to Underweight by Barclays. Despite this, the stock is holding up fairly well.
"Numbers are down, but the stock is holding... More
Jefferies Views Ciena Corp (CIEN) Valuation as Fair
December 14, 2012 7:55 AM ESTYesterday Ciena Corp (Nasdaq: CIEN) posting Q4 results that were a bit below consensus.
Commenting on developments, Jefferies analyst George C. Notter said, "While we remain concerned about longer term profitability and declining legacy products, we still believe the business may get an... More
BMO Capital Downgrades CIENA (CIEN) to Market Perform
December 14, 2012 6:59 AM ESTBMO Capital downgraded CIENA (NASDAQ: CIEN) from Outperform to Market Perform and cut their price target to $15 from $17 following Q4 results.
For an analyst ratings summary and ratings history on CIENA... More
Barclays Downgrades CIENA (CIEN) to Underweight
December 13, 2012 2:20 PM ESTIntra-day, Barclays downgraded CIENA (NASDAQ: CIEN) from Overweight to Underweight with a price target of $11.00 which following Q4 results and Q1 guidance.
For an analyst ratings summary and ratings history on CIENA... More
