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

May 16, 2018 - By Connie Jacobs

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 worsened due to Ciena Corporation positioning: 47 sold and 80 reduced. 44 funds bought stakes and 76 increased stakes. Investors holded 148.04 million in 2017Q3 but now own 142.49 million shares or 3.75% less.
775,235 are held by Morgan Stanley. Texas Permanent School Fund holds 0.03% or 96,452 shs. Smithfield Tru reported 496 shs. Zacks Invest accumulated 241,941 shs or 0.11% of the stock. State Of Tennessee Treasury Department stated it has 120,000 shs or 0.01% of all its holdings. Ubs Asset Mgmt Americas owns 90,944 shs. Hsbc Hldg Public Limited Liability stated it has 0% of its capital in Ciena Corporation (NYSE:CIEN). 1.63M were accumulated by Thrivent For Lutherans. Liberty Mutual Asset Management owns 35,988 shs. Walleye Trading Limited Liability Company holds 0.01% or 117,779 shs in its capital. Stone Ridge Asset Management Limited Com holds 10,739 shs or 0.01% of its capital. Lazard Asset Mngmt Lc holds 0.03% of its capital in Ciena Corporation (NYSE:CIEN) for 668,366 shs. Legal & General Group Public Limited Company, United Kingdom-based fund reported 131,835 shs. Sit Inv Inc reported 197,150 shs. Washington Management stated it has 16,800 shs.

Ciena Corporation registered $4.11 million net activity with 0 buys and 52 sales since December 14, 2017. $206,335 worth of Ciena Corporation (NYSE:CIEN) was sold by SMITH GARY B. 1,184 shs were sold by HAMILTON RICK, worth $31,471. On Thursday, March 22 1,524 shs were sold by Phipps Jason, worth $40,009. $50,937 worth of Ciena Corporation (NYSE:CIEN) was sold by NETTLES PATRICK H. McFeely Scott also sold $21,310 worth of Ciena Corporation (NYSE:CIEN) on Friday, December 15. On Friday, December 15 Rothenstein David M sold $42,620 worth of Ciena Corporation (NYSE:CIEN) or 2,000 shs.

On May, 31 before the open. Investors wait Ciena Corporation (NYSE:CIEN) to announce its quarterly earnings, according to RTT. This year’s EPS analyst estimate is anticipated to be $0.23. That is 39.47 % down compareed to $0.38 EPS for last year. If CIEN’s EPS is $0.23 the profit will reach $33.02 million for 27.59 P/E. 228.57 % EPS growth is what Wall Street’s forecasts after $0.07 reported EPS last quarter. CIEN is hitting $25.38 during the last trading session, after increased 0.63%.Ciena Corporation has 4.58M shares volume, 35.94% up from normal. CIEN is uptrending and has moved 9.21% since May 17, 2017. The stock underperformed the S&P500 by 2.34%.

Ciena Corporation (NYSE:CIEN) Ratings Coverage

A total of 18 analysts rate Ciena (NYSE:CIEN) as follows: 15 “Buy”, 3 “Hold” and 0 “Sell”. Тherefore 83% are bullish. (NYSE:CIEN) has 22 ratings reports on May 17, 2018 according to StockzIntelligence. On Friday, December 8 UBS maintained Ciena Corporation (NYSE:CIEN) rating. UBS has “Buy” rating and $27.0 target. On Friday, December 8 the rating was maintained by Needham with “Buy”. On Friday, December 8 the company was downgraded by PiperJaffray. On Monday, December 4 Jefferies maintained Ciena Corporation (NYSE:CIEN) rating. Jefferies has “Buy” rating and $32.5 target. On Tuesday, March 6 the firm earned “Hold” rating by Piper Jaffray. On Tuesday, January 16 the firm has “Buy” rating given by Goldman Sachs. On Friday, March 9 the company was maintained by Citigroup. On Wednesday, March 7 the rating was maintained by Jefferies with “Buy”. On Monday, March 19 the firm has “Buy” rating by Northland Capital given. The stock rating was upgraded by Bank of America to “Buy” on Monday, November 27.

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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