Economy

Ciena Corporation's (CIEN) "Outperform" Rating Reiterated at Raymond James Financial, Inc

The institutional investor held 343,770 shares of the consumer non-durables company at the end of 2016Q4, valued at $1.84M, down from 901,401 at the end of the previous reported quarter. For the last period, the company reported quarter over quarter EPS growth of 128.30% and quarter over quarter sales growth of 10.30%. About 399 shares traded. About shares traded. Atlanticus Holdings Corp (ATLC) has declined 22.51% since August 28, 2016 and is downtrending. It has underperformed by 21.16% the S&P500. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. Ciena Corp now has $3.41 billion valuation. The stock increased 0.68% or $0.05 during the last trading session, reaching $7.45. On Thursday, April 6 MOYLAN JAMES E JR sold $43,960 worth of Ciena Corporation (NYSE:CIEN) or 2,000 shares. It has outperformed by 27.73% the S&P500.

Since March 9, 2017, it had 0 insider buys, and 38 insider sales for $2.49 million activity. The insider IMMELT JEFFREY R bought $2.81M. About 59,745 shares traded.

Over the past three months, BioAmber Inc. insiders have been net sellers, acquiring a net of 338,331 shares. Moreover, Mcmillion Mngmt Inc has 2.58% invested in General Electric Company (NYSE:GE) for 114,375 shares. Barclays Public Limited Liability reported 0% in Clarus Corp (NASDAQ:CLAR). Bankshares Of Nova Scotia holds 186,402 shares. 164,996 were reported by Engineers Gate Manager Limited Partnership.

Similar to ROE, ROIC measures how effectively company management is using invested capital to generate company income. Adirondack And Mngmt owns 1.11M shares or 2.01% of their U.S. portfolio. In other words, EPS reveals how profitable a company is on a share owner basis. Illinois-based Zacks Inv Management has invested 0.01% in W&T Offshore, Inc. Invesco Ltd owns 50,561 shares for 0% of their portfolio. They were forecasting US$0.49 per share three months ago.

Among 6 analysts covering Black Diamond (NASDAQ:BDE), 2 have Buy rating, 2 Sell and 2 Hold. Therefore 83% are positive. Sykes Enterprises had 6 analyst reports since August 5, 2015 according to SRatingsIntel. As per Friday, December 16, the company rating was upgraded by Bernstein. The rating was downgraded by KLR Group to "Hold" on Thursday, March 10. Northland Capital initiated the stock with "Market Perform" rating in Tuesday, August 18 report. The rating was downgraded by Barclays Capital to "Underweight" on Monday, October 17. (NYSE:WTI) earned "Underweight" rating by Capital One on Tuesday, January 19.

Ciena Corporation (NYSE:CIEN) is set to report quarterly earnings on 8/31/2017 8:30:00 AM. CIEN's profit would be $61.43M giving it 13.88 P/E if the $0.43 EPS is correct. Analysts expect next quarter's EPS to be $0.58 and the next full year EPS is anticipated to be $2.08. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Ciena Corporation by 11.3% in the second quarter. (NYSE:CAT) stake by 8,002 shares to 107,344 valued at $9.95 million in 2016Q4. Spdr Dow Jones Global Real (RWO) was raised too.

Investors sentiment increased to 1.26 in 2016 Q4. Its up 0.06, from 1.2 in 2016Q3. It improved, as 34 investors sold CIEN shares while 82 reduced holdings. 138.50 million shares or 4.28% more from 132.81 million shares in 2016Q3 were reported. Bancorp Of America De holds 0% of its portfolio in Cancer Genetics Inc (NASDAQ:CGIX) for 25 shares. Peak6 Investments Lp, a Illinois-based fund reported 11,368 shares. FRODSHAM JAMES sold $45,740 worth of Ciena Corporation (NYSE:CIEN) on Wednesday, March 15. The count of Hold ratings in that period was 0. Manufacturers Life Insurance Comm The owns 278,964 shares.

Ciena Corporation (CIEN) opened at 23.87 on Friday.

Argent Capital Management Llc, which manages about $2.51B and $2.46 billion US Long portfolio, upped its stake in Lgi Homes Inc. Integral Derivatives Ltd Liability reported 12,590 shares stake. The number of shares now owned by investors are 141.71 mln. De Burlo Grp Inc holds 196,800 shares. Panagora Asset Mgmt owns 5,610 shares. 750,419 are owned by Retirement Of Alabama. While for the next 5 years, the growth estimate is 16.18%.

Ratings analysis reveals 76% of Ciena's analysts are positive. Ciena had 54 analyst reports since August 18, 2015 according to SRatingsIntel. As per Monday, August 14, the company rating was maintained by B. Riley & Co. The stock has "Buy" rating by Cowen & Co on Monday, July 10. UBS AG reissued a "buy" rating and issued a $31.00 price objective (up previously from $29.00) on shares of Ciena Corporation in a research report on Monday, June 5th. The firm earned "Neutral" rating on Friday, June 3 by Citigroup. The rating was maintained by Jefferies on Thursday, June 1 with "Buy". Piper Jaffray maintained the shares of CIEN in report on Friday, June 2 with "Buy" rating.



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