Ciena Corporation (CIEN) EPS Estimated At $0.23

May 17, 2018 - By Peter Erickson

Ciena Corporation (NYSE:CIEN) LogoInvestors sentiment decreased to 0.94 in 2017 Q4. Its down 0.06, from 1 in 2017Q3. It worsened, as 47 investors sold Ciena Corporation shares while 80 reduced holdings. 44 funds opened positions while 76 raised stakes. 142.49 million shares or 3.75% less from 148.04 million shares in 2017Q3 were reported.
Moreover, State Of New Jersey Common Pension Fund D has 0.08% invested in Ciena Corporation (NYSE:CIEN). State Of Wisconsin Invest Board holds 0.02% in Ciena Corporation (NYSE:CIEN) or 315,000 shares. Limited Liability Company, a New Jersey-based fund reported 88,217 shares. Managed Asset Portfolios Lc owns 376,823 shares or 2.5% of their US portfolio. Ameritas Investment Prtn reported 0.05% of its portfolio in Ciena Corporation (NYSE:CIEN). New York-based D E Shaw & Co has invested 0.01% in Ciena Corporation (NYSE:CIEN). 77,074 are owned by Stifel Fincl. Mutual Of America Ltd Liability Com, a New York-based fund reported 115,048 shares. Walleye Trading Lc has invested 0.01% in Ciena Corporation (NYSE:CIEN). Northern Corporation stated it has 2.18M shares. Fifth Third National Bank & Trust invested in 0% or 469 shares. Dimensional Fund Advsr L P reported 3.38M shares. Metropolitan Life Ins New York accumulated 81,403 shares. 97,378 were accumulated by Bnp Paribas Arbitrage. Fil Ltd reported 3.57M shares.

Since December 14, 2017, it had 0 insider buys, and 52 sales for $4.11 million activity. The insider HAMILTON RICK sold 2,526 shares worth $54,056. McFeely Scott sold $25,509 worth of stock. $55,180 worth of Ciena Corporation (NYSE:CIEN) was sold by Rothenstein David M on Wednesday, March 21. MOYLAN JAMES E JR also sold $49,953 worth of Ciena Corporation (NYSE:CIEN) shares. The insider NETTLES PATRICK H sold 1,972 shares worth $50,937. On Thursday, March 15 FRODSHAM JAMES sold $53,905 worth of Ciena Corporation (NYSE:CIEN) or 2,000 shares.

Analysts expect Ciena Corporation (NYSE:CIEN) to report $0.23 EPS on May, 31 before the open.They anticipate $0.15 EPS change or 39.47 % from last quarter’s $0.38 EPS. CIEN’s profit would be $33.02M giving it 27.59 P/E if the $0.23 EPS is correct. After having $0.07 EPS previously, Ciena Corporation’s analysts see 228.57 % EPS growth. The stock increased 0.63% or $0.16 during the last trading session, reaching $25.38. About 4.58M shares traded or 35.94% up from the average. Ciena Corporation (NYSE:CIEN) has risen 9.21% since May 17, 2017 and is uptrending. It has underperformed by 2.34% the S&P500.

Ciena Corporation (NYSE:CIEN) Ratings Coverage

Among 18 analysts covering Ciena (NYSE:CIEN), 15 have Buy rating, 0 Sell and 3 Hold. Therefore 83% are positive. Ciena had 22 analyst reports since November 27, 2017 according to SRatingsIntel. The firm has “Equal-Weight” rating given on Friday, March 9 by Morgan Stanley. The firm has “Buy” rating given on Friday, December 8 by William Blair. The stock of Ciena Corporation (NYSE:CIEN) earned “Buy” rating by M Partners on Tuesday, February 27. Citigroup maintained Ciena Corporation (NYSE:CIEN) rating on Friday, March 9. Citigroup has “Buy” rating and $32 target. UBS maintained it with “Buy” rating and $27.0 target in Friday, December 8 report. The stock of Ciena Corporation (NYSE:CIEN) earned “Buy” rating by Stifel Nicolaus on Thursday, December 7. On Thursday, December 7 the stock rating was maintained by BMO Capital Markets with “Buy”. The stock has “Buy” rating by Goldman Sachs on Tuesday, January 16. The firm has “Buy” rating by Needham given on Friday, December 8. The firm has “Buy” rating by Jefferies given on Monday, December 4.

Ciena Corporation provides hardware, software, and services that support the transport, switching, aggregation, service delivery, and management of voice, video, and data traffic on communications networks worldwide. The company has market cap of $3.64 billion. The company's Networking Platforms segment offers hardware networking solutions optimized for the convergence of coherent optical transport, optical transport network switching, and packet switching. It has a 5.4 P/E ratio. The Company’s products include 6500 Packet-Optical Platform and the 5430 Reconfigurable Switching System, Waveserver stackable interconnect system, CoreDirector Multiservice Optical Switches, and OTN configuration for the 5410 Reconfigurable Switching System, as well as Z-Series Packet-Optical Platform; 3000 family of service delivery switches and service aggregation switches, and the 5000 family of service aggregation switches, as well as 8700 Packetwave Platform and the Ethernet packet configuration for the 5410 Service Aggregation Switch; and 4200 Advanced Services Platform, 5100/5200 Advanced Services Platform, Common Photonic Layer, and 6100 Multiservice Optical Platform.

Ciena Corporation (NYSE:CIEN) Institutional Positions Chart

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