Shares of Ciena Co. (NYSE:CIEN – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the twelve analysts that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation […]
Ciena (NYSE:CIEN – Get Free Report) released its quarterly earnings data on Thursday. The communications equipment provider reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.06, MarketWatch Earnings reports. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.10 billion. Ciena had […]
Future Fund LLC boosted its stake in Ciena Co. (NYSE:CIEN – Free Report) by 49.7% during the second quarter, HoldingsChannel reports. The firm owned 7,893 shares of the communications equipment provider’s stock after buying an additional 2,620 shares during the period. Ciena comprises about 3.2% of Future Fund LLC’s portfolio, making the stock its 16th […]
PNC Financial Services Group Inc. lowered its position in Ciena Co. (NYSE:CIEN – Free Report) by 13.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 42,802 shares of the communications equipment provider’s stock after selling 6,725 shares during the period. PNC Financial Services […]
Needham & Company LLC reissued their buy rating on shares of Ciena (NYSE:CIEN – Free Report) in a report issued on Tuesday, Benzinga reports. The brokerage currently has a $60.00 price objective on the communications equipment provider’s stock. Other research analysts have also issued reports about the company. Barclays decreased their target price on Ciena […]