Impact of Brokerage Rating on Ciena Corporation(CIEN)

Many Ciena Corporation(CIEN) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Ciena Corporation was Initiated by UBS on Jan 13, 2017 to Buy, Price Target of the shares are set at $29.Ciena Corporation was Initiated by Piper Jaffray to Overweight on Dec 20, 2016. Company shares were Reiterated by MKM Partners on Dec 9, 2016 to Buy, Raises Price Target to $ 30 from a previous price target of $28 .

Company has reported several Insider transactions to the SEC, on Feb 9, 2017, Gary B Smith (PRESIDENT, CEO) sold 8,000 shares at 24.16 per share price.On Jan 19, 2017, James Frodsham (SR. VP, Chief Strategy Officer) sold 2,000 shares at 24.25 per share price.On Jan 19, 2017, Andrew C Petrik (VP, CONTROLLER) sold 1,541 shares at 24.25 per share price.

Ciena Corporation Last issued its quarterly earnings results on Dec 8, 2016. The company reported $0.44 EPS for the quarter, missing the analyst consensus estimate by $ -0.02. Analyst had a consensus of $0.46. The company had revenue of $716.20 million for the quarter, compared to analysts expectations of $716.93 million. The companys revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS.

Ciena Corporation (NYSE:CIEN) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.43 by 14 Brokerage Firm. 10 Wall Street Firms have rated the stock as a strong buys. 2 stock experts have also suggested a buy rating. 2 Brokerage Firms have advised hold.

Ciena Corporation (NYSE:CIEN): According to 13 Analysts, The short term target price has been estimated at $ 28.52.The target price could deviate by a maximum of $3.14 from the forecast price. In the near term, the target price could hit a high of $34 and a low of $ 23.

Ciena Corporation (NYSE:CIEN) rose 0.35% or 0.09 points on Tuesday and made its way into the gainers of the day. After trading began at $25.47 the stock was seen hitting $25.785 as a peak level and $25.33 as the lowest level. The stock ended up at $25.63. The daily volume was measured at 1,202,300 shares. The 52-week high of the share price is $25.785 and the 52-week low is $15.615. The company has a market cap of $3,621 million.

Ciena Corporation is the network specialist, focused on expanding the possibilities for its customers networks while reducing their cost of ownership. The Companys systems, software and services target and cure specific network pain points so that telcos, cable operators, governments and enterprises can best exploit the new applications that are driving their businesses forward.


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