$0.23 EPS Expected for Ciena Corporation (CIEN)

May 17, 2018 - By Bradley Stiles

Ciena Corporation (NYSE:CIEN) LogoInvestors sentiment decreased to 0.94 in 2017 Q4. Its down 0.06, from 1 in 2017Q3. It dived, as 47 investors sold Ciena Corporation shares while 80 reduced holdings. 44 funds opened positions while 76 raised stakes. 142.49 million shares or 3.75% less from 148.04 million shares in 2017Q3 were reported.
Neuberger Berman Group Llc stated it has 0.12% in Ciena Corporation (NYSE:CIEN). Cipher Cap Lp holds 0.06% of its portfolio in Ciena Corporation (NYSE:CIEN) for 35,822 shares. Financial Bank Of Montreal Can reported 137,665 shares. D E Shaw And Incorporated holds 0.01% of its portfolio in Ciena Corporation (NYSE:CIEN) for 341,822 shares. Sei Invests owns 246,471 shares. Federated Invsts Inc Pa owns 457,893 shares. Moreover, Public Employees Retirement Association Of Colorado has 0% invested in Ciena Corporation (NYSE:CIEN). Liberty Mutual Grp Asset Management reported 35,988 shares. Mason Street has 0.03% invested in Ciena Corporation (NYSE:CIEN). Riverhead Management Ltd has 15,294 shares. Ing Groep Nv owns 30,030 shares or 0.01% of their US portfolio. Moreover, Becker has 0.97% invested in Ciena Corporation (NYSE:CIEN). Peak6 Lp holds 81,770 shares. Teachers Insur & Annuity Association Of America, New York-based fund reported 51,730 shares. Bnp Paribas Arbitrage Sa reported 0% in Ciena Corporation (NYSE:CIEN).

Since December 14, 2017, it had 0 insider buys, and 52 selling transactions for $4.11 million activity. On Wednesday, March 21 the insider McFeely Scott sold $30,913. ALEXANDER STEPHEN B sold $67,396 worth of stock or 2,500 shares. 8,000 shares were sold by SMITH GARY B, worth $174,776. $36,680 worth of Ciena Corporation (NYSE:CIEN) was sold by Phipps Jason on Wednesday, March 21. The insider Rothenstein David M sold $53,907. $15,496 worth of Ciena Corporation (NYSE:CIEN) was sold by PETRIK ANDREW C.

Analysts expect Ciena Corporation (NYSE:CIEN) to report $0.23 EPS on May, 31 before the open.They anticipate $0.15 EPS change or 39.47 % from last quarter’s $0.38 EPS. CIEN’s profit would be $33.03M giving it 27.46 P/E if the $0.23 EPS is correct. After having $0.07 EPS previously, Ciena Corporation’s analysts see 228.57 % EPS growth. The stock decreased 0.45% or $0.115 during the last trading session, reaching $25.265. About 1.86 million shares traded. Ciena Corporation (NYSE:CIEN) has risen 9.21% since May 17, 2017 and is uptrending. It has underperformed by 2.34% the S&P500.

Ciena Corporation (NYSE:CIEN) Ratings Coverage

Among 18 analysts covering Ciena (NYSE:CIEN), 15 have Buy rating, 0 Sell and 3 Hold. Therefore 83% are positive. Ciena had 22 analyst reports since November 27, 2017 according to SRatingsIntel. The stock has “Buy” rating by Needham on Friday, December 8. Goldman Sachs upgraded Ciena Corporation (NYSE:CIEN) on Tuesday, January 16 to “Buy” rating. As per Friday, March 9, the company rating was maintained by Morgan Stanley. The company was maintained on Tuesday, March 6 by Piper Jaffray. The company was maintained on Wednesday, December 6 by Cowen & Co. The stock of Ciena Corporation (NYSE:CIEN) earned “Buy” rating by Jefferies on Thursday, April 26. Citigroup maintained Ciena Corporation (NYSE:CIEN) on Friday, March 9 with “Buy” rating. The rating was maintained by UBS with “Buy” on Friday, December 8. The stock has “Neutral” rating by PiperJaffray on Friday, December 8. As per Monday, December 4, the company rating was maintained by Jefferies.

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 $3.63 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 5.37 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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