Ciena Corporation (CIEN) EPS Estimated At $0.23 as of May, 31

May 16, 2018 - By Palma Niemeyer

Ciena Corporation (NYSE:CIEN) Corporate Logo
Big Money Sentiment decreased to 0.94 in 2017 Q4. It has change of 0.06, from 2017Q3’s 1. The ratio turned negative due to Ciena Corporation positioning: 47 sold and 80 reduced. 44 funds acquired stakes and 76 increased stakes. Investors holded 148.04 million in 2017Q3 but now own 142.49 million shares or 3.75% less.
Texas Permanent School Fund invested in 0.03% or 96,452 shs. Renaissance Technology Limited reported 0.04% stake. Quentec Asset Management Ltd Liability holds 0.92% in Ciena Corporation (NYSE:CIEN) or 280,000 shs. D E Shaw And reported 341,822 shs stake. Moreover, Profund Advsrs Limited has 0.02% invested in Ciena Corporation (NYSE:CIEN). Gateway Inv Advisers Ltd Limited Liability Company has invested 0% in Ciena Corporation (NYSE:CIEN). New Mexico Educational Retirement Board has invested 0.03% in Ciena Corporation (NYSE:CIEN). Southport Mgmt Ltd Limited Liability Company holds 1.54% or 30,000 shs. State Of New Jersey Common Pension Fund D owns 1.02 million shs. Tci Wealth Advsr owns 0% invested in Ciena Corporation (NYSE:CIEN) for 100 shs. Federated Inc Pa stated it has 457,893 shs or 0.03% of all its holdings. State Board Of Administration Of Florida Retirement Systems owns 102,209 shs. Point72 Asset Mngmt L P invested in 1.23M shs. Tocqueville Asset Mngmt L P accumulated 399,800 shs or 0.1% of the stock. Parkside State Bank has invested 0.01% in Ciena Corporation (NYSE:CIEN).

Ciena Corporation registered $4.11 million net activity with 0 insider buys and 52 insider sales since December 14, 2017. On Wednesday, May 2 MOYLAN JAMES E JR sold $52,110 worth of Ciena Corporation (NYSE:CIEN). FRODSHAM JAMES sold $53,905 worth of stock. GALLAGHER PATRICK had sold 811 shs worth $20,948 on Monday, March 26. On Wednesday, March 21 Rothenstein David M also sold $55,180 worth of Ciena Corporation (NYSE:CIEN). Shares for $214,068 were sold by SMITH GARY B on Tuesday, May 8. HAMILTON RICK sold $31,471 worth of Ciena Corporation (NYSE:CIEN) or 1,184 shs on Wednesday, March 21.

On May, 31 before the open. Investors wait Ciena Corporation (NYSE:CIEN) to announce its quarterly earnings, RTT reports. earnings per share of $0.23 is 39.47 % down from 2017’s $0.38 EPS. If reported the P/E will be 27.59 with $33.02 million profit. Wall Street now sees 228.57 % EPS growth despite Ciena Corporation last quarter’s EPS of $0.07. Ticker’s shares touched $25.38 during the last trading session after 0.63% change.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 Tuesday, February 27 the firm earned “Buy” rating by M Partners. In Tuesday, March 6 report Piper Jaffray maintained it with “Hold” rating and $27.0 target. On Friday, March 9 the company was maintained by Citigroup. On Friday, March 9 the firm earned “Equal-Weight” rating by Morgan Stanley. On Wednesday, December 6 Cowen & Co maintained Ciena Corporation (NYSE:CIEN) rating. Cowen & Co has “Buy” rating and $33.0 target. In Thursday, April 26 report Jefferies maintained the stock with “Buy” rating. On Monday, December 4 the firm earned “Buy” rating by Jefferies. On Thursday, December 7 the rating was maintained by Stifel Nicolaus with “Buy”. On Wednesday, March 7 the rating was maintained by Jefferies with “Buy”. On Tuesday, January 16 the stock of Ciena Corporation (NYSE:CIEN) earned “Buy” rating by Goldman Sachs.

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 worth $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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