|Bid||24.65 x 1500|
|Ask||28.85 x 100|
|Day's Range||26.20 - 26.49|
|52 Week Range||19.40 - 27.98|
|PE Ratio (TTM)||5.60|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
There could be upside for Ciena from the U.S. Commerce Department's decision to ban domestic firms from selling components to Chinese telecom gear maker ZTE, two analysts say.
Finisar Corporation (FNSR) was a big mover last session, as the company saw its shares rise more than 6% on the day amid huge volumes.
Ciena (CIEN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Finisar (FNSR) has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions as well.
Ciena Corporation (CIEN) could be an interesting play for investors as it is seeing solid activity on the earnings estimate revision, along with decent short-term momentum.
The other day I had lunch with Ciena (CIEN) chief financial officer Jim Moylan. Over a nice tuna niçoise, we discussed cloud computing, telcos and the outlook for Ciena’s chip business. For example, on the matter of cash balances, when I asked how much net cash Ciena should maintain — some companies such as Apple (AAPL) have promised to reduce it to zero, or almost zero — Moylan declined to list a figure or a percentage.
A number of analysts have been at the Optical Network and Communication Conference, or OFC as it’s known, in San Diego, California, kicking the tires. Among them, Goldman Sachs’s Doug Clark and Rod Hall came away with some favorable impressions of Cisco Systems (CSCO) and Ciena (CIEN). The analysts write that “investor attendance and interest was once again high, especially with industry consolidation top of mind following the announcement on March 12 of Lumentum’s (LITE) intent to acquire Oclaro (OCLR)." The authors met with Ciena’s CTO Steve Alexander and with CFO Jim Moylan and came away enthusiastic about the company’s standing in, for example, “400G” networking, the movement of 400 billion bits per second in fiber optic pipes: Ciena has been shipping 400G optical systems (leveraging its WaveLogic Ai chipset) for several quarters.
Network technology name Ciena Corporation (NYSE: CIEN ) reported above-consensus adjusted earnings per share and 4-percent year-over-year revenue growth for the first quarter of 2018 on Tuesday. The ...
Ciena's (CIEN) first-quarter fiscal 2018 results gain from strong growth in Asia Pacific as well as high adoption of Blue Planet and Waveserver platforms.
Stocks that moved substantially or traded heavily on Tuesday: Target Corp., down $3.35 to $71.79 The retailer reported strong sales but said expenses rose as it spends more money on its website and revamps ...
For the April quarter, Ciena forecast revenue of $725 million at its midpoint of guidance, just above estimates of $723 million.
Here are some things going on today in your world of tech: Shares of Broadcom (AVGO) are up $2.05, or 0.8%, at $249.03, perhaps because investors now see diminished prospects for its hostile bid for Qualcomm (QCOM), after the latter this morning published a copy of a letter sent by the U.S Treasury Department to it and to Broadcom saying that the government has concerns about the national security implications of a deal, and that the CFIUS body will be reviewing those concerns during the 30-day review period that has started. Bernstein’s Stacy Rasgon, a bull on Broadcom stock and a bear on Qualcomm, writes this morning that it looks like, based on a Bloomberg report yesterday, that Qualcomm was going to lose the shareholder vote that had been scheduled for today and that was postponed by CFIUS as a result of the investigation.
Finisar Corp. and Infinera Corp. are among the optical companies whose shares are up Tuesday, after optical networking company Ciena Corp. reported better-than-expected earnings before the open. Finisar ...