04 Aug CFO Jon Cartu Announces – Analysts take a look at Ciena Corporation (NYSE:CIEN)…
Investors sentiment increased to 1.2 in 2019 Q1. Its up 0.04, from 1.16 in 2018Q4. It increased, as 22 investors sold Ciena Corporation shares while 116 reduced holdings. 68 funds opened positions while 98 raised stakes. 139.05 million shares or 0.34% less from 139.52 million shares in 2018Q4 were reported.
Principal Finance Group Inc Incorporated stated it has 0.02% in Ciena Corporation (NYSE:CIEN). Janney Capital Mngmt Ltd Liability Corp has 20,021 shares for 0.04% of their portfolio. Verition Fund Limited Company owns 9,279 shares for 0.01% of their portfolio. First Hawaiian Bancorporation holds 36,079 shares. Creative Planning invested in 7,850 shares. Cetera Advsr Ltd Limited Liability Company reported 6,269 shares. Bogle Invest Mgmt L P De stated it has 1.06% of its portfolio in Ciena Corporation (NYSE:CIEN). Royal Natl Bank Of Canada reported 292,878 shares. Amundi Pioneer Asset Mngmt Incorporated owns 0% invested in Ciena Corporation (NYSE:CIEN) for 15,570 shares. Cornerstone Advsrs invested 0% in Ciena Corporation (NYSE:CIEN). John G Ullman owns 5,500 shares. Moreover, Point72 Asset Mngmt Ltd Partnership has 0.16% invested in Ciena Corporation (NYSE:CIEN) for 924,929 shares. Tiverton Asset Management Lc holds 7,350 shares. Natixis owns 28,892 shares. Apg Asset Mgmt Nv stated it has 464,000 shares.
Since February 5, 2019, it had 0 buys, and 1 insider sale for $360,222 activity. 9,600 shares were sold by SMITH GARY B, worth $360,222 on Thursday, February 7.
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 17 analyst reports since March 5, 2019 according to SRatingsIntel. The stock of Ciena Corporation (NYSE:CIEN) has “Hold” rating given on Thursday, March 7 by UBS. The rating was maintained by Rosenblatt on Wednesday, March 6 with “Hold”. The firm earned “Buy” rating on Wednesday, March 6 by Citigroup. The stock has “Hold” rating by Piper Jaffray on Tuesday, March 5. B. Riley & Co maintained the stock with “Buy” rating in Friday, June 7 report. Nomura maintained Ciena Corporation (NYSE:CIEN) rating on Wednesday, March 6. Nomura has “Buy” rating and $50 target. The company was maintained on Wednesday, March 6 by Deutsche Bank. The company was maintained on Wednesday, March 6 by Argus Research. Cowen & Co maintained the stock with “Buy” rating in Wednesday, March 6 report. Stifel Nicolaus maintained Ciena Corporation (NYSE:CIEN) rating on Friday, June 7. Stifel Nicolaus has “Buy” rating and $5400 target. Below is a list of Ciena Corporation (NYSE:CIEN) latest ratings and price target changes.
07/06/2019 Broker: B. Riley & Co Rating: Buy Old Target: $48.0000 New Target: $55.0000 Maintain
07/06/2019 Broker: Stifel Nicolaus Rating: Buy Old Target: $46.0000 New Target: $54.0000 Maintain
07/06/2019 Broker: Nomura Rating: Buy Old Target: $50.0000 New Target: $52.0000 Maintain
07/06/2019 Broker: Raymond James Rating: Outperform Old Target: $48.0000 New Target: $53.0000 Maintain
15/04/2019 Broker: Northland Capital Old Rating: Market Perform New Rating: Outperform Upgrade
22/03/2019 Broker: J.P. Morgan Rating: Buy New Target: $45 Maintain
08/03/2019 Broker: BidaskScore Rating: Buy Downgrade
07/03/2019 Broker: UBS Rating: Hold New Target: $42 Maintain
06/03/2019 Broker: Rosenblatt Rating: Hold New Target: $36 Maintain
06/03/2019 Broker: FBR Capital Rating: Buy New Target: $48 Maintain
The stock decreased 3.60% or $1.6 during the last trading session, reaching $42.81. About 1.69M shares traded. Ciena Corporation (NYSE:CIEN) has risen 78.24% since August 4, 2018 and is uptrending. It has outperformed by 78.24% the S&P500.
Ciena Corporation provides equipment, 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 $6.64 billion. The companyÂ’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 34.25 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, Corestream 5100/5200 Advanced Services Platform, Common Photonic Layer, and 6100 Multiservice Optical Platform.
More notable recent Ciena Corporation (NYSE:CIEN) news were published by: Finance.Yahoo.com which released: “Will Ciena Corporation’s (NYSE:CIEN) Earnings Grow In The Next 12 Months? – Yahoo Finance” on June 22, 2019, also Businesswire.com with their article: “Ciena Appoints New Leader in Indonesia to Guide Operator’s Network Transformation – Business Wire” published on July 30, 2019, Seekingalpha.com published: “You Don’t Want To Miss On Ciena – Seeking Alpha” on July 24, 2019. More interesting news about Ciena Corporation (NYSE:CIEN) were released by: Finance.Yahoo.com and their article: “Is Ciena Corporation’s (NYSE:CIEN) CEO Overpaid Relative To Its Peers? – Yahoo Finance” published on June 04, 2019 as well as Finance.Yahoo.com‘s news article titled: “Are Ciena Corporationâ€™s (NYSE:CIEN) High Returns Really That Great? – Yahoo Finance” with publication date: August 01, 2019.
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