Ciena (CIEN) Releases Earnings Results, Misses Estimates By $0.04 EPS

Ciena (CIEN) Releases Earnings Results, Misses Estimates By $0.04 EPS

Finally, Dimensional Fund Advisors LP increased its stake in Ciena by 1.2% during the 2nd quarter. Its up 0.06, from 1.2 in 2017Q1. Jefferies maintained the shares of CIEN in report on Monday, December 4 with "Buy" rating.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Note, this compares with a consensus analyst forecast of 0.44 in earnings per share for its next fiscal quarterly report. Neuberger Berman Group LLC increased its stake in Ciena by 169.5% during the 3rd quarter.

Elkhorn Partners Limited Partnership holds 0.15% of its portfolio in TrovaGene, Inc. for 182,000 shares. This repurchase authorization authorizes the communications equipment provider to purchase shares of its stock through open market purchases.

Profund Advsrs Ltd Liability Corp holds 20,143 shares. Shelton Management reported 11,260 shares stake. Riverhead Cap Mngmt Limited Liability Company, Delaware-based fund reported 10,388 shares. Amp Capital Invsts holds 0% in Ciena Corporation (NYSE:CIEN) or 10,362 shares. Jefferies maintained Ciena Corporation (NYSE:CIEN) rating on Monday, December 14. 28,887 were accumulated by Us Bancshares De. Public Employees Retirement Association Of Colorado holds 27,081 shares.

In latest trading activity; Ciena Corporation (CIEN) snatched the consideration from Investors, when its current damaging picture was seen that is promoting bad performance. About 36,354 shares traded. Fred Alger Management owns 48,732 shares. Whittier Trust has 362 shares for 0% of their portfolio. Blair William Co Il has invested 0% in Ciena Corporation (NYSE:CIEN).

Since June 15, 2017, it had 0 insider buys, and 6 sales for $338,245 activity.

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In other news, SVP James E. Moylan, Jr. sold 2,000 shares of the stock in a transaction on Thursday, May 18th. ALEXANDER STEPHEN B also sold $62,550 worth of Ciena Corporation (NYSE:CIEN) on Thursday, June 15. On Thursday, June 15 the insider FRODSHAM JAMES sold $50,040.

Ciena Corporation (CIEN), a US based stock, traded at a gap of 3.95% from an average price of last twenty days and stands at a distance of 1.13% away from it's an average price of recent fifty days.

Other equities research analysts have also recently issued research reports about the stock. CIEN's profit will be $62.79 million for 12.04 P/E if the $0.44 EPS becomes a reality.

Looking into last 5 trades, the stock observed a return of nearly -0.89%. Share performance for the month is now at 3.77%. SLM Corporation (NASDAQ:SLM) has risen 78.01% since December 7, 2016 and is uptrending. It has outperformed by 27.73% the S&P500. 1 is equivalent to a buy rating, 3 a hold rating, and 5 a sell rating. Therefore 87% are positive. During the last 52 weeks, the price has been as high as $27.98 and as low as $19.4. At the time of writing, the First Call consensus price target for the company is $28.79. Finally, Citigroup upgraded shares of Ciena from a "neutral" rating to a "buy" rating and upped their target price for the company from $23.87 to $29.00 in a research report on Wednesday, August 30th. As per Friday, September 2, the company rating was downgraded by Morgan Stanley. The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. The firm earned "Outperform" rating on Friday, July 29 by Wells Fargo. A 9 analysts rate it as either a buy or a strong buy, while0 believe that investors should either steer clear of VG or, if they already own its stock, sell it. The firm has "Buy" rating by Stifel Nicolaus given on Thursday, November 2. UBS maintained Ciena Corporation (NYSE:CIEN) on Friday, June 2 with "Buy" rating.

Ciena Company Profile 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 a market cap of $3,059.24, a price-to-earnings ratio of 15.54, a price-to-earnings-growth ratio of 0.87 and a beta of 1.67. It has a 22.34 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, Corestream 5100/5200 Advanced Services Platform, Common Photonic Layer, and 6100 Multiservice Optical Platform.

At the time of writing, the 14-day ADX for Ciena Corp (CIEN) is 24.81. Zacks.com's news article titled: "Ciena (CIEN) Gears Up for Q4 Earnings: What's in Store?" with publication date: December 05, 2017 was also an interesting one.

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