$0.31 EPS Expected for Ciena Corporation (CIEN)

August 13, 2018 - By Kyle Williams

Ciena Corporation (NYSE:CIEN) LogoInvestors sentiment increased to 1.3 in 2018 Q1. Its up 0.36, from 0.94 in 2017Q4. It is positive, as 24 investors sold Ciena Corporation shares while 82 reduced holdings. 48 funds opened positions while 90 raised stakes. 142.76 million shares or 0.19% more from 142.49 million shares in 2017Q4 were reported.
Capital Associate New York has 19,000 shares for 0.76% of their portfolio. Trexquant Inv Limited Partnership has invested 0.13% in Ciena Corporation (NYSE:CIEN). Parkside National Bank & Trust & Tru has invested 0.01% in Ciena Corporation (NYSE:CIEN). Artemis Investment Management Llp reported 439,698 shares. Stevens Limited Partnership reported 43,129 shares stake. Proshare Llc invested in 38,618 shares or 0.01% of the stock. Blackrock has invested 0.02% in Ciena Corporation (NYSE:CIEN). Ameritas Invest Prns Inc invested in 55,067 shares or 0.07% of the stock. Bridgewater Assocs L P reported 15,294 shares. Wells Fargo And Mn holds 0% in Ciena Corporation (NYSE:CIEN) or 167,289 shares. State Of Wisconsin Inv Board holds 0.02% or 315,000 shares. Commerzbank Aktiengesellschaft Fi invested in 66,635 shares. 35,010 are owned by Piermont Cap Mgmt Inc. Teachers Retirement System Of The State Of Kentucky has 0.01% invested in Ciena Corporation (NYSE:CIEN) for 33,786 shares. Thrivent Financial For Lutherans has invested 0.13% in Ciena Corporation (NYSE:CIEN).

Since February 12, 2018, it had 0 insider buys, and 72 sales for $5.59 million activity. Shares for $214,068 were sold by SMITH GARY B on Tuesday, May 8. $50,333 worth of Ciena Corporation (NYSE:CIEN) was sold by FRODSHAM JAMES. $50,538 worth of Ciena Corporation (NYSE:CIEN) shares were sold by ALEXANDER STEPHEN B. Shares for $36,680 were sold by Phipps Jason on Wednesday, March 21. $81,000 worth of Ciena Corporation (NYSE:CIEN) was sold by GALLAGHER PATRICK. 1,000 shares valued at $26,980 were sold by McFeely Scott on Monday, July 16.

Analysts expect Ciena Corporation (NYSE:CIEN) to report $0.31 EPS on August, 30.They anticipate $0.13 EPS change or 29.55 % from last quarter’s $0.44 EPS. CIEN’s profit would be $44.27 million giving it 21.04 P/E if the $0.31 EPS is correct. After having $0.16 EPS previously, Ciena Corporation’s analysts see 93.75 % EPS growth. The stock increased 0.35% or $0.09 during the last trading session, reaching $26.09. About 1.20 million shares traded. Ciena Corporation (NYSE:CIEN) has risen 7.17% since August 13, 2017 and is uptrending. It has underperformed by 5.40% the S&P500.

Ciena Corporation (NYSE:CIEN) Ratings Coverage

Among 14 analysts covering Ciena Corp (NYSE:CIEN), 13 have Buy rating, 0 Sell and 1 Hold. Therefore 93% are positive. Ciena Corp had 19 analyst reports since February 27, 2018 according to SRatingsIntel. The company was maintained on Tuesday, March 6 by Northland Capital. The rating was maintained by M Partners on Tuesday, February 27 with “Buy”. The firm has “Hold” rating given on Tuesday, March 6 by Piper Jaffray. The rating was maintained by Cowen & Co on Tuesday, May 29 with “Buy”. The firm has “Buy” rating by Goldman Sachs given on Thursday, June 21. FBR Capital maintained Ciena Corporation (NYSE:CIEN) rating on Friday, June 1. FBR Capital has “Buy” rating and $31.5 target. Loop Capital Markets initiated the stock with “Buy” rating in Wednesday, May 23 report. Northland Capital maintained Ciena Corporation (NYSE:CIEN) rating on Monday, March 19. Northland Capital has “Buy” rating and $34.0 target. The firm has “Buy” rating by Jefferies given on Thursday, April 26. Citigroup maintained the stock with “Buy” rating in Friday, June 1 report.

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 $3.73 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 5.64 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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