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EPS for Ciena Corporation (CIEN) Expected At $0.41

Ciena Corporation (NYSE:CIEN) LogoInvestors sentiment decreased to 1.16 in 2018 Q2. Its down 0.14, from 1.3 in 2018Q1. It worsened, as 35 investors sold Ciena Corporation shares while 80 reduced holdings. 39 funds opened positions while 94 raised stakes. 143.51 million shares or 0.53% more from 142.76 million shares in 2018Q1 were reported.
Nomura Hldgs Inc reported 8,247 shares. Washington Capital Management has 20,100 shares for 0.55% of their portfolio. Moreover, Fund Sa has 0.01% invested in Ciena Corporation (NYSE:CIEN) for 96,750 shares. 4.03 million were accumulated by Wellington Mgmt Grp Llp. Mackenzie Finance Corporation accumulated 0.01% or 87,370 shares. Schroder Invest Management Group Inc Inc invested in 69,054 shares or 0% of the stock. Cwm Ltd Llc holds 0.06% in Ciena Corporation (NYSE:CIEN) or 73,481 shares. Bnp Paribas Asset Management Holdg invested 0.25% in Ciena Corporation (NYSE:CIEN). Arizona State Retirement invested in 99,579 shares. Rothschild Asset Inc holds 0.32% of its portfolio in Ciena Corporation (NYSE:CIEN) for 1.13 million shares. Sit Inv Assocs invested 0.13% of its portfolio in Ciena Corporation (NYSE:CIEN). Arizona-based Tci Wealth Advsr has invested 0% in Ciena Corporation (NYSE:CIEN). Principal Grp Incorporated Inc invested 0.02% in Ciena Corporation (NYSE:CIEN). Moreover, Gotham Asset Mngmt Limited Liability Company has 0.01% invested in Ciena Corporation (NYSE:CIEN). D E Shaw And Com stated it has 191,997 shares or 0.01% of all its holdings.

Since May 15, 2018, it had 0 buys, and 47 insider sales for $3.99 million activity. $63,503 worth of Ciena Corporation (NYSE:CIEN) was sold by MOYLAN JAMES E JR. SMITH GARY B sold $330,821 worth of stock. 2,119 shares were sold by FRODSHAM JAMES, worth $54,140 on Thursday, June 21. 2,000 Ciena Corporation (NYSE:CIEN) shares with value of $49,613 were sold by Rothenstein David M. Phipps Jason also sold $39,911 worth of Ciena Corporation (NYSE:CIEN) shares. ALEXANDER STEPHEN B sold $50,538 worth of Ciena Corporation (NYSE:CIEN) on Thursday, June 21.

Analysts expect Ciena Corporation (NYSE:CIEN) to report $0.41 EPS on December, 6.They anticipate $0.01 EPS change or 2.50 % from last quarter’s $0.4 EPS. CIEN’s profit would be $58.47 million giving it 21.14 P/E if the $0.41 EPS is correct. After having $0.42 EPS previously, Ciena Corporation’s analysts see -2.38 % EPS growth. The stock decreased 0.17% or $0.06 during the last trading session, reaching $34.67. About 3.99 million shares traded or 31.06% up from the average. Ciena Corporation (NYSE:CIEN) has risen 42.84% since November 9, 2017 and is uptrending. It has outperformed by 27.22% the S&P500.

Ciena Corporation (NYSE:CIEN) Ratings Coverage

Among 13 analysts covering Ciena Corp (NYSE:CIEN), 9 have Buy rating, 0 Sell and 4 Hold. Therefore 69% are positive. Ciena Corp had 18 analyst reports since May 23, 2018 according to SRatingsIntel. On Friday, June 1 the stock rating was maintained by FBR Capital with “Buy”. The firm has “Hold” rating by Deutsche Bank given on Friday, August 31. Loop Capital Markets initiated it with “Buy” rating and $3100 target in Wednesday, May 23 report. Citigroup maintained the stock with “Buy” rating in Friday, August 31 report. The stock of Ciena Corporation (NYSE:CIEN) earned “Overweight” rating by JP Morgan on Friday, June 1. The stock of Ciena Corporation (NYSE:CIEN) has “Equal-Weight” rating given on Thursday, September 13 by Morgan Stanley. The stock of Ciena Corporation (NYSE:CIEN) earned “Buy” rating by FBR Capital on Friday, August 31. As per Thursday, July 26, the company rating was maintained by UBS. As per Wednesday, September 26, the company rating was downgraded by UBS. The company was maintained on Friday, August 31 by Nomura.

Ciena Corporation provides hardware, software, and services that support the transport, switching, aggregation, service delivery, and management of voice, video, and data traffic on communications networks worldwide. The company has market cap of $4.94 billion. The company's Networking Platforms segment offers hardware networking solutions optimized for the convergence of coherent optical transport, optical transport network switching, and packet switching. It has a 7.08 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, 5100/5200 Advanced Services Platform, Common Photonic Layer, and 6100 Multiservice Optical Platform.

Another recent and important Ciena Corporation (NYSE:CIEN) news was published by which published an article titled: “Ciena’s WaveLogic Ai Improves QTnet’s Network Flexibility, Capacity and Resiliency” on November 07, 2018.

Ciena Corporation (NYSE:CIEN) Institutional Positions Chart

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