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HomeMarketResultsCiena Co. (NYSE:CIEN) Receives Average Rating of "Moderate Buy" from Analysts

Ciena Co. (NYSE:CIEN) Receives Average Rating of “Moderate Buy” from Analysts


Shares of Ciena Co. (NYSE:CIENGet Rating) have been given a median ranking of “Reasonable Purchase” by the eighteen analysts which can be presently protecting the inventory, Marketbeat.com reviews. Two analysts have rated the inventory with a maintain suggestion and eight have issued a purchase suggestion on the corporate. The typical 12-month goal value amongst analysts which have coated the inventory within the final 12 months is $63.06.

Various analysts have issued reviews on the corporate. Loop Capital raised their goal value on Ciena from $68.00 to $69.00 in a report on Friday, December ninth. MKM Companions lifted their value goal on Ciena from $58.00 to $65.00 and gave the inventory a “purchase” ranking in a report on Friday, December ninth. Citigroup raised their goal value on Ciena from $55.00 to $65.00 in a analysis report on Friday, December ninth. B. Riley lifted their value goal on Ciena from $64.00 to $69.00 in a analysis report on Friday, December ninth. Lastly, Northland Securities boosted their goal value on Ciena from $40.00 to $45.00 in a analysis report on Friday, December ninth.

Ciena Buying and selling Down 0.1 %

NYSE:CIEN opened at $51.88 on Wednesday. The corporate has a fast ratio of two.34, a present ratio of three.25 and a debt-to-equity ratio of 0.39. Ciena has a 1-year low of $38.33 and a 1-year excessive of $75.43. The agency has a market capitalization of $7.70 billion, a price-to-earnings ratio of 51.88, a price-to-earnings-growth ratio of 1.68 and a beta of 0.93. The inventory has a fifty day easy shifting common of $47.15 and a 200 day easy shifting common of $46.81.

Ciena (NYSE:CIENGet Rating) final posted its quarterly earnings outcomes on Thursday, December eighth. The communications gear supplier reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.53. Ciena had a return on fairness of seven.57% and a internet margin of 4.21%. The corporate had income of $971.00 million through the quarter, in comparison with the consensus estimate of $847.83 million. Throughout the identical interval final 12 months, the enterprise earned $0.75 EPS. The enterprise’s quarterly income was down 6.8% on a year-over-year foundation. Promote-side analysts forecast that Ciena will publish 2.04 earnings per share for the present 12 months.

Insiders Place Their Bets

In different Ciena information, VP Andrew C. Petrik offered 1,000 shares of Ciena inventory in a transaction dated Friday, October 14th. The inventory was offered at a median value of $40.56, for a complete transaction of $40,560.00. Following the completion of the transaction, the vice chairman now owns 27,877 shares within the firm, valued at roughly $1,130,691.12. The transaction was disclosed in a doc filed with the Securities & Trade Fee, which is accessible by way of the SEC website. In associated information, VP David M. Rothenstein offered 3,500 shares of the corporate’s inventory in a transaction on Monday, October seventeenth. The shares have been offered at a median value of $40.32, for a complete worth of $141,120.00. Following the completion of the transaction, the vice chairman now immediately owns 235,110 shares within the firm, valued at $9,479,635.20. The sale was disclosed in a doc filed with the Securities & Trade Fee, which might be accessed by way of this hyperlink. Additionally, VP Andrew C. Petrik offered 1,000 shares of the corporate’s inventory in a transaction on Friday, October 14th. The inventory was offered at a median value of $40.56, for a complete transaction of $40,560.00. Following the completion of the transaction, the vice chairman now owns 27,877 shares of the corporate’s inventory, valued at $1,130,691.12. The disclosure for this sale might be discovered here. Within the final ninety days, insiders offered 46,588 shares of firm inventory value $2,147,325. Firm insiders personal 0.94% of the corporate’s inventory.

Institutional Buying and selling of Ciena

Hedge funds have lately added to or decreased their stakes within the enterprise. Nisa Funding Advisors LLC lifted its stake in Ciena by 8.7% within the second quarter. Nisa Funding Advisors LLC now owns 15,822 shares of the communications gear supplier’s inventory value $723,000 after buying an extra 1,272 shares over the last quarter. Kestra Personal Wealth Providers LLC raised its stake in shares of Ciena by 5.7% through the second quarter. Kestra Personal Wealth Providers LLC now owns 4,774 shares of the communications gear supplier’s inventory valued at $218,000 after buying an extra 259 shares over the last quarter. Texas Everlasting College Fund raised its stake in shares of Ciena by 0.4% through the second quarter. Texas Everlasting College Fund now owns 110,275 shares of the communications gear supplier’s inventory valued at $5,040,000 after buying an extra 470 shares over the last quarter. Russell Investments Group Ltd. raised its stake in shares of Ciena by 2.1% through the second quarter. Russell Investments Group Ltd. now owns 327,920 shares of the communications gear supplier’s inventory valued at $14,965,000 after buying an extra 6,879 shares over the last quarter. Lastly, Victory Capital Administration Inc. raised its stake in shares of Ciena by 34.2% through the second quarter. Victory Capital Administration Inc. now owns 412,374 shares of the communications gear supplier’s inventory valued at $18,845,000 after buying an extra 104,987 shares over the last quarter. 96.26% of the inventory is owned by institutional buyers.

Ciena Firm Profile

(Get Rating)

Ciena Company offers {hardware} and software program providers for supply of video, knowledge, and voice visitors metro, aggregation, and entry communications community worldwide. The corporate’s Networking Platforms phase presents convergence of coherent optical transport, open optical networking, IP routing, and switching providers.

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Analyst Recommendations for Ciena (NYSE:CIEN)

This on the spot information alert was generated by narrative science expertise and monetary knowledge from MarketBeat so as to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial workforce previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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