EPS for Ciena Corporation (CIEN) Expected At $0.23 on May, 31

May 16, 2018 - By Tamara Reed

Ciena Corporation (NYSE:CIEN) Corporate Logo
During Q4 2017 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 rose positions while 44 funds acquired positions. Funds hold 142.49 million shares thus 3.75% less from 2017Q3’s 148.04 million shares.
Shell Asset Management invested in 22,381 shs. Lazard Asset Mngmt Limited Company holds 668,366 shs. Profund Advsr Ltd Liability Co invested in 0.02% or 20,638 shs. Glenmede Na owns 0% invested in Ciena Corporation (NYSE:CIEN) for 15,794 shs. D E Shaw And Com stated it has 0.01% in Ciena Corporation (NYSE:CIEN). Ny State Teachers Retirement Sys holds 166,422 shs. Smithfield Trust Company holds 496 shs or 0% of its capital. Weiss Multi, Alabama-based fund reported 300,000 shs. Gru One Trading Lp holds 0.01% or 92,873 shs. Neuberger Berman Grp Limited Company stated it has 4.95 million shs. Baker Avenue Asset Mngmt Ltd Partnership holds 0.04% or 18,130 shs. State Of Wisconsin Investment Board owns 315,000 shs. Stevens Mngmt L P has 16,309 shs for 0.01% of their capital. Quentec Asset Mngmt Ltd Limited Liability Company owns 280,000 shs for 0.92% of their capital. Meiji Yasuda Asset Mgmt Communications stated it has 0.02% of its capital in Ciena Corporation (NYSE:CIEN).

Ciena Corporation registered $4.11 million net activity with 0 buys and 52 selling transactions since December 14, 2017. On Wednesday, March 21 GALLAGHER PATRICK sold $15,975 worth of Ciena Corporation (NYSE:CIEN) or 601 shs. The insider McFeely Scott sold $22,740. Rothenstein David M also sold $42,620 worth of Ciena Corporation (NYSE:CIEN) shs. On Wednesday, February 21 SMITH GARY B also sold $185,810 worth of Ciena Corporation (NYSE:CIEN). HAMILTON RICK sold $31,471 worth of stock or 1,184 shs. $63,784 worth of Ciena Corporation (NYSE:CIEN) was sold by ALEXANDER STEPHEN B on Monday, April 16.

Ciena Corporation (NYSE:CIEN) is anticipated to announce earnings on May, 31 before the open., as reported by Faxor. Analysts predict 39.47 % diference or $0.23 from the $0.38 EPS from 2017. The profit will be $33.02 million for CIEN if $0.23 earnings per share becomes true. After $0.07 EPS report previous quarter, Wall Street now forecasts 228.57 % EPS growth of Ciena Corporation. The stock increased 0.63% or $0.16 during the last trading session, hitting $25.38.Ciena Corporation is uptrending after having risen 9.21% since May 17, 2017. CIEN has 4.58 million volume or 35.94% up from normal. CIEN underperformed by 2.34% the S&P 500.

Ciena Corporation (NYSE:CIEN) Ratings Coverage

In total 18 analysts cover Ciena (NYSE:CIEN). “Buy” rating has 15, “Sell” are 0, while 3 are “Hold”. (NYSE:CIEN) has 83% bullish analysts. 22 are the (NYSE:CIEN)’s ratings reports on May 17, 2018 according to StockzIntelligence Inc. On Friday, December 8 the stock has “Buy” rating by William Blair. The company rating was maintained by Jefferies on Thursday, April 26. On Friday, December 8 the firm has “Buy” rating by UBS given. On Friday, March 9 the company was maintained by Citigroup. On Thursday, May 3 the firm has “Buy” rating by J.P. Morgan given. On Tuesday, January 16 the stock has “Buy” rating by Goldman Sachs. On Tuesday, March 6 the rating was maintained by Piper Jaffray with “Hold”. In Wednesday, December 6 report Cowen & Co maintained the stock with “Buy” rating. On Tuesday, February 27 the stock of Ciena Corporation (NYSE:CIEN) has “Buy” rating given by M Partners. On Monday, November 27 the firm has “Buy” rating by Bank of America given.

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 $3.64 billion market cap. 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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