Ciena's (CIEN) Buy Rating Reiterated at Cowen

Ciena's (CIEN) Buy Rating Reiterated at Cowen

It shows the percentage of sales that remain after all of the company's expenses have been paid.

At the time of writing, Ciena Corporation (NYSE:CIEN) has a Piotroski F-Score of 7. CIEN's profit will be $62.79 million for 12.04 P/E if the $0.44 EPS becomes a reality. Insiders have sold 89,052 shares of company stock worth $1,898,778 in the last ninety days.

The FCF Yield 5yr Average is calculated by taking the five year average free cash flow of a company, and dividing it by the current enterprise value. Moreover, Teachers Retirement Sys Of The State Of Kentucky has 0.01% invested in Ciena Corporation (NYSE:CIEN). Schroder Invest Mgmt Group owns 2.78 million shares or 0.13% of their United States portfolio. During the same quarter in the previous year, the business earned $0.44 EPS. The New York-based Element Capital Management Llc has invested 0.03% in the stock. Asset Management Inc holds 0.01% or 8,935 shares.

Shares in the maker of optical systems for communications networks and data centers initially fell in premarket trading, but recovered and climbed 3.1% to 21.83 in recent action on the stock market today. The company holds 142.46 million outstanding shares and 141.25 million shares are floating in market. It has underperformed by 8.37% the S&P500. As discussed in this press release, Ciena will be hosting an investor call to discuss its results of operations for its fourth quarter ended October 31, 2017. Its up 0.06, from 1.2 in 2017Q1.

Ciena Corporation's average Book Value per Share Growth Rate was 27.7 percent during the past 12 months. 60 funds opened positions while 92 raised stakes. 405.00 million shares or 0.21% less from 405.85 million shares in 2017Q1 were reported. Macquarie Grp Limited holds 90,274 shares or 0% of its portfolio.

Ciena Corporation (CIEN) waking on thin line between bulls and bears tracks and with several factors it's pulling towards optimistic side to some extend but some take to pessimistic side. Shelton Management reported 11,260 shares stake. Cantab Capital Prns Ltd Liability Partnership reported 26,839 shares or 0% of all its holdings.

The good news is there's still room for Ciena Corporation (CIEN) to grow. Stevens Mngmt Lp reported 164,420 shares stake. Gateway Inv Advisers Lc stated it has 0.01% in Ciena Corporation (NYSE:CIEN). Broadview Advisors Ltd Liability Corporation invested in 2.27% or 614,375 shares. Rothschild Asset Mgmt Inc reported 1.11M shares.

A number of analysts offered their Estimated Earnings analysis for Ciena Corporation (CIEN) for the current quarter.

In other news, SVP James E. Moylan, Jr. sold 2,000 shares of the stock in a transaction on Thursday, May 18th. 4,019 shares were sold by PETRIK ANDREW C, worth $100,555. Shares for $50,040 were sold by Rothenstein David M on Thursday, June 15.

Ciena Corporation (CIEN), a U.S. based stock, traded at a gap of 3.95% from an average price of last twenty days and stands at a distance of 1.13% away from it's an average price of recent fifty days. Therefore 87% are positive. Ciena Corporation has a twelve month low of $19.40 and a twelve month high of $27.98. At the time of writing, the First Call consensus price target for the company is $28.79. Usually the RSI is considered overbought when above 70 and oversold when less than 30. As per Friday, September 1, the company rating was maintained by Dougherty & Company. On Tuesday, December 20 the stock rating was initiated by Piper Jaffray with "Overweight". As per Friday, September 2, the company rating was downgraded by Drexel Hamilton. Dougherty & Co reaffirmed a "buy" rating and set a $26.00 price objective on shares of Ciena in a report on Monday, March 6th. The Earnings Yield for Ciena Corporation (NYSE:CIEN) is 0.065577. Morgan Stanley has "Equal-Weight" rating and $23 target.

The best measure of a company is its profitability, for without it, it can not grow, and if it doesn't grow, then its stock will trend downward. The firm has "Neutral" rating by Citigroup given on Wednesday, January 27. The company has a market cap of $3.02 Billion. It has a 22.34 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, Corestream 5100/5200 Advanced Services Platform, Common Photonic Layer, and 6100 Multiservice Optical Platform.

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