29.39 0.00 (0.00%)
After hours: 5:14PM EDT
|Bid||0.00 x 800|
|Ask||30.95 x 4000|
|Day's Range||28.91 - 29.54|
|52 Week Range||19.40 - 32.33|
|Beta (3Y Monthly)||0.94|
|PE Ratio (TTM)||6.00|
|Earnings Date||Dec 5, 2018 - Dec 10, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||34.21|
Zayo (ZAYO) continues to extend global reach by expanding its fiber footprint and forging strategic partnerships with local providers.
Year-to-date (YTD) Ciena stock is up 43%. As data usage increases, CIEN stock is expected to be a beneficiary in the long-term. Ciena has also been successful in re-investing its profits in innovation and customer service.
Infinera Corp. on Monday responded to an MKM analyst report from earlier in the day, which suggested that the company was close to losing its largest customer, CenturyLink Inc. , to Ciena Corp. . "Subsequent to the publication of this analyst report, Infinera confirmed with CenturyLink executive management that a final decision has not been made," Infinera said in a release. The release also commented on the company's planned acquisition of Coriant, for which Infinera was issuing about 21 million shares. The MKM analyst, who downgraded the stock to sell, speculated that Infinera would have to issue 27.4 million new shares for the acquisition given that its stock price has dropped since the deal announcement, but Infinera clarified that "per terms of the agreement, the number of shares issued upon close is fixed at 20,975,384 million shares." Infinera shares are down 17% in Monday trading, and they're off 32% over the past 12 months. The S&P 500 has gained 16% in that time.
Shares of Infinera Corp. are down 14.4% in Monday morning trading after MKM Research analyst Michael Genovese downgraded the stock to sell from hold. "According to our checks, Ciena is nearly over the finish line in taking Infinera's largest customer, CenturyLink , away," Genovese wrote. His checks determined that the customer is "likely to switch because of concerns with Infinera's ability to produce new leading edge DSPs (digital signal processors) every 18 to 30 months." He thinks there's a greater than 90% chance that CenturyLink switches to Ciena. Infinera didn't immediately respond to a MarketWatch request for comment. A CenturyLink spokeswoman said that the company doesn't comment on rumors or speculation. Ciena declined to comment. Infinera shares are down 29% over the past 12 months. The S&P 500 has gained 17% in that time.
Ciena (CIEN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Ciena is the IBD Stock Of The Day as the maker of fiber-optic communications products forms a three-weeks-tight chart pattern following a beat-and-raise third quarter.
Technology upgrade will increase Hawaiki’s total design capacity to 67 terabits per second between Australia, New Zealand and the U.S.
Short interest is moderately high for CIEN with between 10 and 15% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices.
Optical component manufacturers present a bullish opportunity in 2019 but are less attractive investments in the near-term, according to Morgan Stanley. The Analyst Analyst Meta Marshall downgraded shares ...
Shares of Finisar Corp. and Ciena Corp. are down 4.2% and 2.8%, respectively, in premarket trading Thursday after Morgan Stanley analyst Meta Marshall downgraded the stocks to equal-weight from overweight. "Finisar and Ciena have closed the short-term valuation gaps that we believed existed," Marshall wrote. "While we think both stocks could continue to move toward our bull cases, we think those catalysts for further positive moves are in CY19, causing us to move to the sidelines for now." Marshall thinks that Finisar will need to first get its Sherman facility certified and turn its new data-communications product into a meaningful revenue driver in order for Morgan Stanley to have more confidence in the company's earnings power. Finisar shares are down 10.5% over the past 12 months, while Ciena shares are up 44%. The S&P 500 is up 16% in that time.
Moody's Investors Service upgraded CIENA Corporation's corporate family rating to Ba1 from Ba2. The ratings outlook is stable. The upgrade of the CFR to Ba1 reflects Moody's expectations that CIENA will reduce adjusted gross debt to EBITDA to below 2x over the next year while growing revenue in the mid-single digits, modestly expanding profit margins and maintaining a robust liquidity profile.
Tele2 Netherlands, a leading regional telecommunications service provider, recently deployed Ciena’s (CIEN) WaveLogic Ai coherent optical solution to increase the capacity of its network, lower operating costs and support a tremendous increase in mobile video data traffic driven by Netflix™ and YouTube™. Tele2 Netherlands is a telecommunications service provider supporting the Dutch market. Tele2 Netherlands services both domestic and large enterprise customers, and manages a portfolio of fixed telephone, mobile phone, broadband and digital television products.
Ciena's (CIEN) buyout of DonRiver will help the company accelerate its software strategy and contribute toward its long-term financial goal of growing Blue Planet and associated services business.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Technology sector is rising.
Ciena® Corporation (CIEN) has entered into a definitive agreement to acquire privately-held DonRiver, a global software and services company specializing in federated network and service inventory management solutions within the service provider Operational Support Systems (OSS) environment. DonRiver will bring new capabilities to Ciena’s Blue Planet software and services portfolio that significantly enhance the company’s ability to deliver on its Adaptive Network vision through intelligent, closed-loop automation. Specifically, with the addition of DonRiver’s federated network and service inventory management solutions, Ciena’s Blue Planet capabilities will extend beyond network orchestration and control to also provide a unified inventory view of all elements across a provider’s network.