CIENA (CIEN) Bullish Stance Reiterated at Needham & Company on Strong Results/Outlook
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Ciena (CIEN) 'Beat and Raise' Bolders Confidence; MKM Keeps at 'Buy'
June 6, 2014 11:41 AM EDTMKM Partners maintains its Buy rating and $28 target price on Ciena (Nasdaq: CIEN) following Q1 results and guidance.
Analyst Michael Genovese noted the following:Well positioned at AT&T. Ciena appears to be very comfortable with its AT&T exposure in 2HFY14. Management told us that if AT&T is less than 20% of revenues in 2HFY14, it will only be because other customers and regions are growing even faster. The company has broad... More
CIENA (CIEN) Outperform Rating Reiterated at Wells Fargo
June 5, 2014 12:50 PM EDTWells Fargo maintained an Outperform rating on CIENA (NYSE: CIEN) with a price target of $27. Analyst Jess Lubert noted solid Q2 results driven by packet optical transport and carrier Ethernet businesses.
"Ciena reported solid FQ2 results with strength in the packet optical transport and... More
Ciena Corp. (CIEN) Tops Q2 EPS by 4c; Guides Q3 Revs Above Views
June 5, 2014 7:00 AM EDT(Updated - June 5, 2014 7:04 AM EDT)
Ciena Corp. (NYSE: CIEN) reported Q2 EPS of $0.17, $0.04 better than the analyst estimate of $0.13. Revenue for the quarter came in at $560.1 million versus the consensus estimate of $559.18 million.
Additional Performance Metrics for Fiscal Second Quarter... More
