As of May, 31 Ciena Corporation (CIEN) Analysts See $0.23 EPS

May 16, 2018 - By Mark Mitchell

Ciena Corporation (NYSE:CIEN) Corporate Logo
During 2017 Q4 the big money sentiment decreased to 0.94. That’s change of 0.06, from 2017Q3’s 1. 47 investors sold all, 80 reduced holdings as Ciena Corporation ratio turned negative. 76 grew holdings while 44 funds bought holdings. Funds hold 142.49 million shares thus 3.75% less from 2017Q3’s 148.04 million shares.
Mngmt Incorporated reported 1,000 shs or 0.01% of all its holdings. First Personal Financial Ser, North Carolina-based fund reported 2,244 shs. Benjamin F Edwards And Company holds 250 shs or 0% of its capital. Putnam Invs Limited Liability Corp holds 0% in Ciena Corporation (NYSE:CIEN) or 106,200 shs. 35,822 are owned by Cipher Capital Limited Partnership. Asset accumulated 39,814 shs. At Natl Bank holds 70,962 shs or 0.16% of its capital. Quentec Asset Mgmt Ltd Liability holds 0.92% or 280,000 shs in its capital. Catalyst Capital Advisors Ltd Liability Corporation invested in 0.05% or 61,700 shs. Mutual Of America Cap has invested 0.04% in Ciena Corporation (NYSE:CIEN). Envestnet Asset Mngmt has 19,677 shs. Hutchin Hill Cap L P reported 0.69% stake. 432,554 are held by Janney Capital Ltd Limited Liability Company. 775,235 are held by Morgan Stanley. Schwab Charles Invest Mgmt invested 0.02% of its capital in Ciena Corporation (NYSE:CIEN).

Ciena Corporation had 52 insider sales and 0 insider buys since December 14, 2017. This’s net activity of $4.11 million. On Thursday, February 15 ALEXANDER STEPHEN B also sold $57,873 worth of Ciena Corporation (NYSE:CIEN). On Wednesday, March 21 $36,680 worth of stock was sold by Phipps Jason. On Wednesday, March 21 MOYLAN JAMES E JR also sold $53,184 worth of Ciena Corporation (NYSE:CIEN). On Wednesday, March 21 1,625 shs were sold by NETTLES PATRICK H, worth $43,193. McFeely Scott sold $21,310 worth of stock or 1,000 shs. On Wednesday, March 21 HAMILTON RICK had sold 1,184 shs worth $31,471.

On May, 31 WallStreet awaited Ciena Corporation (NYSE:CIEN)’s earnings report, RTT reports. Analysts forecast 39.47 % diference or $0.23 from the $0.38 EPS from 2017. If reported the P/E will be 27.59 with $33.02 million profit. Last quarter $0.07 EPS was reported. Analysts predicts 228.57 % EPS growth this quarter. Ticker’s shares touched $25.38 during the last trading session after 0.63% change.Ciena Corporation has 4.58 million shares volume, 35.94% up from normal. CIEN is uptrending and has moved 9.21% since May 17, 2017. CIEN underperformed the S&P 500 by 2.34%.

Ciena Corporation (NYSE:CIEN) Ratings Coverage

A total of 18 analysts rate Ciena (NYSE:CIEN) as follows: 15 “Buy”, 3 “Hold” and 0 “Sell”. Тherefore 83% are bullish. (NYSE:CIEN) has 22 ratings reports on May 17, 2018 according to StockzIntelligence. On Tuesday, March 6 the firm has “Buy” rating given by Northland Capital. On Tuesday, January 16 the firm earned “Buy” rating by Goldman Sachs. On Thursday, May 3 the stock of Ciena Corporation (NYSE:CIEN) has “Buy” rating given by J.P. Morgan. On Friday, December 8 UBS maintained Ciena Corporation (NYSE:CIEN) rating. UBS has “Buy” rating and $27.0 target. On Friday, December 8 the company was maintained by Needham. On Thursday, December 7 the company was maintained by Stifel Nicolaus. On Monday, December 4 the stock of Ciena Corporation (NYSE:CIEN) earned “Buy” rating by Needham. On Friday, March 9 the firm has “Buy” rating given by Citigroup. On Tuesday, February 27 the stock of Ciena Corporation (NYSE:CIEN) has “Buy” rating given by M Partners. On Monday, March 19 the company was maintained by Northland Capital.

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 firm is valued at $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.The P/E ratio is 5.4. 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 Investors Chart

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