Analysts See $0.31 EPS for Ciena Corporation (CIEN)

August 13, 2018 - By Billy Entrekin

Ciena Corporation (NYSE:CIEN) LogoInvestors sentiment increased to 1.3 in Q1 2018. Its up 0.36, from 0.94 in 2017Q4. It increased, 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.
Rhumbline Advisers has 252,650 shares. State Street Corporation, a Massachusetts-based fund reported 4.83M shares. Citigroup owns 0% invested in Ciena Corporation (NYSE:CIEN) for 120,059 shares. Engineers Gate Manager Limited Partnership invested in 70,360 shares or 0.12% of the stock. Oregon Employees Retirement Fund reported 53,192 shares. Smithfield Tru Com owns 330 shares or 0% of their US portfolio. Masters Lc accumulated 500,000 shares. Cwm Ltd Co reported 0.07% stake. 9,878 are held by Balyasny Asset Mgmt Ltd Liability Corporation. Synovus owns 14 shares. The Louisiana-based Louisiana State Employees Retirement Systems has invested 0.04% in Ciena Corporation (NYSE:CIEN). The New York-based Gotham Asset Mgmt Limited Liability Corp has invested 0.06% in Ciena Corporation (NYSE:CIEN). Regent Invest Mgmt Limited Liability Co accumulated 0.2% or 23,112 shares. 10,739 were reported by Stone Ridge Asset Lc. Tiaa Cref Inv Mgmt Ltd Liability Corp has invested 0.06% of its portfolio in Ciena Corporation (NYSE:CIEN).

Since February 12, 2018, it had 0 insider purchases, and 72 insider sales for $5.59 million activity. FRODSHAM JAMES also sold $50,333 worth of Ciena Corporation (NYSE:CIEN) shares. GALLAGHER PATRICK also sold $20,948 worth of Ciena Corporation (NYSE:CIEN) on Monday, March 26. Shares for $52,666 were sold by MOYLAN JAMES E JR. 2,000 shares were sold by Rothenstein David M, worth $49,613. On Tuesday, May 15 McFeely Scott sold $25,153 worth of Ciena Corporation (NYSE:CIEN) or 1,000 shares. ALEXANDER STEPHEN B also sold $67,396 worth of Ciena Corporation (NYSE:CIEN) shares.

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 firm has “Buy” rating given on Friday, June 1 by FBR Capital. Loop Capital Markets initiated Ciena Corporation (NYSE:CIEN) on Wednesday, May 23 with “Buy” rating. As per Wednesday, March 7, the company rating was maintained by Jefferies. Citigroup maintained it with “Buy” rating and $32 target in Friday, March 9 report. UBS maintained Ciena Corporation (NYSE:CIEN) rating on Thursday, July 26. UBS has “Buy” rating and $29.5 target. The stock has “Buy” rating by M Partners on Tuesday, February 27. As per Friday, June 1, the company rating was maintained by BMO Capital Markets. The stock of Ciena Corporation (NYSE:CIEN) earned “Buy” rating by Cowen & Co on Tuesday, May 29. Northland Capital maintained it with “Buy” rating and $30.0 target in Tuesday, March 6 report. The rating was initiated by J.P. Morgan with “Buy” on Thursday, May 3.

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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