Economy

Ciena Corp. Q4 Earnings Climb 1%

The stock was sold at an average price of $19.50, for a total transaction of $39,000.00. The Market Cap of the company is $3.02 Billion. The stock increased 0.86% or $0.49 during the last trading session, reaching $57.39. About 194,884 shares traded or 6.49% up from the average. Ciena Corporation (NYSE:CIEN) has risen 44.43% since December 6, 2016 and is uptrending. It has outperformed by 36.90% the S&P500. Engineers Gate Manager LP owned about 0.13% of Ciena worth $4,078,000 at the end of the most recent reporting period.

A number of key analysts, polled by FactSet, shared their views about the current stock momentum. Messner & Smith Theme Value Investment Management Ltd Ca owns 26,925 shares or 0.06% of their U.S. portfolio. The stock decreased 0.74% or $0.16 during the last trading session, reaching $21.44. About 3.24M shares traded or 9.71% up from the average.

Ciena Corporation (NYSE:CIEN)'s earnings per share has been growing at a 17.6 percent rate over the past 5 year when average revenue increase was noted as 8.3 percent. It has outperformed by 27.73% the S&P500. Fred Alger Management stated it has 0.01% in Ciena Corporation (NYSE:CIEN). The average investment recommendation on a scale of 1 to 5 (1 being a strong buy, 3 a hold, and 5 a sell) is 1.80, which implies that analysts are generally bullish in their outlook for CIEN over the next year. Therefore 86% are positive. Ciena had 71 analyst reports since August 18, 2015 according to SRatingsIntel. On Monday, November 27 the stock rating was upgraded by Bank of America to "Buy". BMO Capital Markets reissued a buy rating and issued a $30.00 price target on shares of Ciena in a report on Thursday, April 27th. Ciena Corporation has a 12 month low of $19.40 and a 12 month high of $27.98. The stock of Ciena Corporation (NYSE:CIEN) has "Overweight" rating given on Tuesday, January 12 by Morgan Stanley. Nomura has "Buy" rating and $28 target. The stock has a market cap of $3,080.00, a price-to-earnings ratio of 15.75, a PEG ratio of 0.85 and a beta of 1.66. The firm has "Buy" rating by Jefferies given on Monday, August 21. The stock is a Buy among 2 brokerage firms polled by Factset Research.

Analysts await Ciena Corporation (NYSE:CIEN) to report earnings on December, 7 before the open. CIEN's profit will be $62.79M for 12.04 P/E if the $0.44 EPS becomes a reality. After having $0.44 EPS previously, Ciena Corporation's analysts see 0.00% EPS growth.

Since June 15, 2017, it had 0 buys, and 6 insider sales for $338,245 activity. 2,500 shares were sold by ALEXANDER STEPHEN B, worth $62,550 on Thursday, June 15. Shares for $50,040 were sold by Rothenstein David M. The insider McFeely Scott sold 1,000 shares worth $25,020.

Investors sentiment increased to 1.26 in Q2 2017. Its up 0.06, from 1.2 in 2017Q1. It improved, as 35 investors sold CIEN shares while 86 reduced holdings. The stock has 142.46 million shares outstanding and Average True Range for 14 days of 0.60. Alliancebernstein Lp reported 658,416 shares. Bnp Paribas Arbitrage Sa stated it has 0.01% in Ciena Corporation (NYSE:CIEN). Texas-based Next Group has invested 0% in Ciena Corporation (NYSE:CIEN). Shelton Capital Management holds 11,260 shares or 0.02% of its portfolio.

Shares of Ciena (NYSE:CIEN) opened at $21.44 on Wednesday. Gateway Inv Advisers Ltd Llc holds 0.01% of its portfolio in Ciena Corporation (NYSE:CIEN) for 24,839 shares. Deutsche Financial Bank Ag accumulated 428,217 shares. Whittier Trust has 362 shares for 0% of their portfolio. Nationwide Fund Advsrs has 414,182 shares. Hbk Invs Limited Partnership invested 0.04% of its portfolio in Ciena Corporation (NYSE:CIEN). Farmers And Merchants Inc reported 0% in Ciena Corporation (NYSE:CIEN).

Among 2 analysts covering 51job (NASDAQ:JOBS), 1 have Buy rating, 0 Sell and 1 Hold.

Trovagene, Inc., a molecular diagnostic company, focuses on the development and commercialization of proprietary molecular genetic detection technology for use in pharmaceutical development, clinical research, and medical testing in various clinical disciplines in the United States. The firm has "Neutral" rating by Citigroup given on Friday, June 3. The stock of 51job, Inc. BidaskClub downgraded Ciena from a "sell" rating to a "strong sell" rating in a report on Saturday, November 4th. With an institutional ownership near 92.2%, it carries an earnings per share ratio of 1.19. Mccormick & Co Inc/Md (NYSE:MKC) was raised too.

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