Tuesday, May 07, 2013 2:37:10 PM
Posted by Seth Barnet on May 7th, 2013 // No Comments
Analysts at Cowen Securities initiated coverage on shares of Ciena (NASDAQ: CIEN) in a research report issued to clients and investors on Tuesday, Stock Ratings Network reports. The firm set an "outperform" rating on the stock.
A number of other analysts have also recently weighed in on CIEN. Analysts at Zacks upgraded shares of Ciena from a "neutral" rating to an "outperform" rating in a research note to investors on Thursday, March 28th. They now have a $19.00 price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Ciena from $14.50 to $19.50 in a research note to investors on Tuesday, March 19th. They now have a "hold" rating on the stock. Finally, analysts at Mizuho raised their price target on shares of Ciena from $18.00 to $20.00 in a research note to investors on Friday, March 8th.
One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the company. The stock presently has a consensus rating of "Buy" and an average target price of $19.13.
Shares of Ciena (NASDAQ: CIEN) opened at 15.25 on Tuesday. Ciena has a one year low of $11.45 and a one year high of $18.39. The stock's 50-day moving average is currently $15.99. The company's market cap is $1.548 billion.
Ciena (NASDAQ: CIEN) last posted its quarterly earnings results on Thursday, March 7th. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.13) by $0.25. The company had revenue of $453.10 million for the quarter, compared to the consensus estimate of $448.27 million. During the same quarter in the previous year, the company posted ($0.17) earnings per share. The company's revenue for the quarter was up 8.7% on a year-over-year basis. Analysts expect that Ciena will post $0.43 EPS for the current fiscal year.
Ciena Corporation (NASDAQ: CIEN) is a provider of communications networking equipment, software and services that support the transport, switching, aggregation and management of voice, video and data traffic.
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CIEN
Recent CIEN News
- Ciena Announces Reporting Date and Web Broadcast for Fiscal Second Quarter 2024 Results • Business Wire • 05/01/2024 01:00:00 PM
- HSPnet Launches High Capacity B3JS and BDMCS Networks • Business Wire • 04/16/2024 01:00:00 PM
- Blue Planet Unveils Industry’s Only Multi-Cloud Native OSS Platform • Business Wire • 04/09/2024 01:00:00 PM
- Ciena Celebrates Major Customer Milestones and Optical Leadership at OFC 2024 in San Diego • Business Wire • 03/27/2024 01:00:00 PM
- Toshiba, Ciena Collaborate to Demonstrate Quantum Secure Communication at OFC • Business Wire • 03/26/2024 01:00:00 PM
- SEA-ME-WE 4 Enables Global Digitalization with Enhanced Connectivity Powered by Ciena • Business Wire • 03/11/2024 01:00:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 03/07/2024 07:39:44 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/07/2024 12:03:09 PM
- Ciena Reports Fiscal First Quarter 2024 Financial Results • Business Wire • 03/07/2024 12:00:00 PM
- U.S. Index Futures See Modest Gains, Oil Prices Slip • IH Market News • 03/07/2024 11:01:20 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 11:13:56 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 08:38:59 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 08:33:49 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/15/2024 09:46:26 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/15/2024 09:26:48 PM
- Astound Business Solutions Launches Commercial 400G Wavelength Service across the U.S., Powered by Ciena • Business Wire • 02/13/2024 01:01:00 PM
- Telia Lithuania Deploys Ciena’s WaveLogic 5 Extreme for Country-wide 800Gb/s Wavelength Service • Business Wire • 02/12/2024 02:00:00 PM
- Ciena Announces Internet Availability of 2024 Annual Meeting Proxy Materials • Business Wire • 02/08/2024 04:00:00 PM
- Form ARS - Annual Report to Security Holders • Edgar (US Regulatory) • 02/08/2024 03:01:58 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 02/08/2024 02:57:27 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 02/08/2024 02:54:22 PM
- Ciena Announces Reporting Date and Web Broadcast for Fiscal First Quarter 2024 Results • Business Wire • 02/06/2024 02:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/05/2024 09:37:10 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 01/30/2024 09:08:41 PM
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 01/29/2024 09:16:25 PM
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