$0.44 EPS Expected for Ciena Corporation (CIEN)

November 15, 2017 - By Hazel Jackson

 $0.44 EPS Expected for Ciena Corporation (CIEN)
Investors sentiment increased to 1.26 in Q2 2017. Its up 0.06, from 1.2 in 2017Q1. It increased, as 35 investors sold Ciena Corporation shares while 86 reduced holdings. 60 funds opened positions while 92 raised stakes. 143.63 million shares or 0.53% more from 142.87 million shares in 2017Q1 were reported.
Ameriprise Fincl reported 534,092 shares. Moreover, Aperio Group Ltd Liability has 0% invested in Ciena Corporation (NYSE:CIEN) for 26,237 shares. Thompson Davis & reported 2,250 shares. Koch Industries reported 0.06% stake. Advsrs Cap Limited Com owns 81,449 shares or 0.17% of their US portfolio. Oregon Pub Employees Retirement Fund holds 0.02% or 51,973 shares in its portfolio. Parametric Portfolio Ltd Liability Com invested in 0.01% or 187,277 shares. 2.63M are held by Voya Ltd Liability Com. Blair William & Co Il stated it has 9,561 shares. State Of New Jersey Common Pension Fund D owns 0.06% invested in Ciena Corporation (NYSE:CIEN) for 625,000 shares. Cambridge Inv Advsr has 26,062 shares. First Trust Advsrs Limited Partnership invested in 0% or 48,722 shares. Carlson Limited Partnership stated it has 0.97% in Ciena Corporation (NYSE:CIEN). Grp Incorporated invested 0.03% in Ciena Corporation (NYSE:CIEN). Wellington Mgmt Gru Llp holds 0.04% in Ciena Corporation (NYSE:CIEN) or 6.56 million shares.

Since May 15, 2017, it had 0 insider purchases, and 8 sales for $469,695 activity. The insider FRODSHAM JAMES sold $50,040. $25,020 worth of Ciena Corporation (NYSE:CIEN) shares were sold by McFeely Scott. GALLAGHER PATRICK had sold 3,000 shares worth $78,870 on Thursday, June 1. Shares for $50,040 were sold by Rothenstein David M. ALEXANDER STEPHEN B also sold $62,550 worth of Ciena Corporation (NYSE:CIEN) shares. On Thursday, June 15 the insider PETRIK ANDREW C sold $100,555.

Wall Street await Ciena Corporation (NYSE:CIEN) to release earnings on December, 7 before the open. Analysts forecast earnings per share of $0.44, up exactly $0.06 or 15.79 % from 2014’s $0.38 EPS. The expected CIEN’s profit could reach $62.70M giving the stock 11.16 P/E in the case that $0.44 earnings per share is reported. After posting $0.44 EPS for the previous quarter, Ciena Corporation’s analysts now forecast 0.00 % EPS growth. The stock decreased 0.20% or $0.04 during the last trading session, reaching $19.65. About 2.31 million shares traded. Ciena Corporation (NYSE:CIEN) has risen 44.43% since November 15, 2016 and is uptrending. It has outperformed by 27.73% the S&P500.

Ciena Corporation (NYSE:CIEN) Ratings Coverage

Among 22 analysts covering Ciena (NYSE:CIEN), 18 have Buy rating, 0 Sell and 4 Hold. Therefore 82% are positive. Ciena had 68 analyst reports since August 18, 2015 according to SRatingsIntel. The rating was maintained by UBS with “Buy” on Friday, June 2. The firm has “Buy” rating by BMO Capital Markets given on Thursday, June 1. The stock has “Buy” rating by Jefferies on Monday, August 21. Deutsche Bank maintained it with “Hold” rating and $18.0 target in Friday, December 11 report. The firm earned “Buy” rating on Thursday, July 20 by Stifel Nicolaus. The stock of Ciena Corporation (NYSE:CIEN) earned “Buy” rating by Drexel Hamilton on Friday, April 8. The stock of Ciena Corporation (NYSE:CIEN) has “Equal-Weight” rating given on Friday, September 2 by Morgan Stanley. The company was maintained on Monday, September 5 by Deutsche Bank. The firm has “Hold” rating by Deutsche Bank given on Friday, September 1. The rating was upgraded by Jefferies on Monday, December 21 to “Buy”.

Ciena Corporation is a network strategy and technology company, which provides solutions that enable a range of network operators to adopt communication architectures and deliver an array of services, relied upon by enterprise and consumer end users. The company has market cap of $2.80 billion. It provides equipment, software and services that support the transport, switching, aggregation, service delivery and management of voice, video and data traffic on communications networks. It has a 21.3 P/E ratio. It divisions include Networking Platforms; Software and Software-Related Services, and Global Services.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.