|Last Update: 06/18/13 - 4:00 PM EDT|
|YTD Performance: 28.03%|
|Previous Close: $20.10|
|52 Week Range: $11.96 - $20.60|
|Oustanding Shares: 102,052,816|
|Market Cap: 2,051,261,602|
|Qtr (07/13)||Qtr (10/13)||FY (10/13)||FY (10/14)|
|Number of Analysts||3||3||3||3|
|Growth Rate (Year over Year)||178.79%||197.92%||136.26%||261.29%|
Even on a day when rates fall, retail sales are strong and jobless claims surprise.
Shares of CIEN now seen reaching $20, according to BMO Capital. Company is seeing higher orders and sales. Market Perform rating.
CIEN earnings estimates were raised on increased guidance, said Citigroup. The Converged Packet Optical segment is showing solid growth. Price target goes to $24.
CIEN earnings estimates were raised on solid bookings and improving carrier spending, said UBS. Price target goes to $19.
Jim Cramer said the market assumed the telco companies were dead, but Ciena shows there are signs of life.
The new is overlooked, unloved technology from yesteryear.
Shares of CIEN now seen reaching $22, Citigroup said. Results beat on gross margin and operating expenditures. Buy rating.
Shares of CIEN downgraded to Market Perform from Outperform, BMO Capital Markets said. $15 price target. Conversion to revenue could slow.
Fiber-optic gear makers have been foundering, but they gained handsomely in Wednesday’s downturn.
CIEN was upgraded from Market Perform to Outperform, FBR Capital Markets said. Company can gain market share in the coming quarters.