|Bid||29.66 x 27000|
|Ask||0.00 x 3000|
|Day's Range||30.76 - 31.50|
|52 Week Range||19.40 - 32.33|
|PE Ratio (TTM)||6.34|
|Earnings Date||Dec 5, 2018 - Dec 10, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||33.97|
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.
Shares of Ciena Corp. were up nearly 13 percent in trading Thursday morning after the company reported substantial sales and profit increases in its fiscal third quarter and said it is on track to meet three-year financial targets.
Ciena’s earnings report for its fiscal third quarter of the year includes earnings per share of 48 cents. This is an increase over the company’s earnings per share of 35 cents from the same time last year. It was also good news for CIEN stock by beating out Wall Street’s earnings per share estimate of 36 cents for the quarter.
Corp. said Thursday that third-quarter profit fell 15%, due to a higher tax provision, and said it remains confident in meeting its three-year financial targets. The Maryland-based supplier of telecommunications equipment earned a quarterly net profit of $50.8 million, or 34 cents a share, for the three months ended July 31 compared with $60 million, or 39 cents, for the same period last year. The company booked a provision for income tax of $19.3 million in the third quarter compared with $7.7 million a year earlier.
Investing.com - U.S. futures pointed to a lower open on Thursday as attention on trade issues switched from the renegotiation of the North American Free Trade Agreement (NAFTA) to the continued impasse between the world’s two largest economies.
Market Malaise. The S&P 500 is trying for its best August since 2014, but a lot could depend on how much it drops on Thursday, as concerns about relations between the U.S. and China take a toll. Signet ...
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On a per-share basis, the Hanover, Maryland-based company said it had net income of 34 cents. Earnings, adjusted for non-recurring costs and stock option expense, came to 48 cents per share. The results ...
MARKET PULSE Shares of Ciena Corp. (cien) shot up 6.2% toward a 7 1/2-year high in permarket trade Thursday, after the networking company reported fiscal third-quarter earnings and revenue that beat expectations.
NEW YORK, NY / ACCESSWIRE / August 30, 2018 / Ciena Corporation (NYSE: CIEN ) will be discussing their earnings results in their 2018 Third Quarter Earnings to be held on August 30, 2018 at 8:30 AM Eastern ...
Ciena (NYSE: CIEN ) announces its next round of earnings this Thursday. Here is Benzinga's everything-that-matters guide for the Q3 earnings announcement. Earnings and Revenue Analysts expect Ciena earnings ...