Ciena Corporation (CIEN) Receiving Somewhat Positive Press Coverage, Accern Reports
News headlines about Ciena Corporation (NYSE:CIEN) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ciena Corporation earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned news articles about the communications equipment provider an impact score of 46.0773863664024 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media stories that may have impacted Accern’s analysis:
- Trader’s Round Up: Freeport-McMoRan Inc., (NYSE: FCX), Ciena Corporation, (NYSE: CIEN), Palo Alto Networks, Inc … – Stocks In The News (press release) (tradingnewsnow.com)
- Ciena Corporation (NYSE: CIEN) – Technicals in Focus – Alpha Beta Stock (alphabetastock.com)
- Form 4 CIENA CORP For: Nov 02 Filed by: MOYLAN JAMES E JR (streetinsider.com)
- Notable Stocks on the Move: Allergan plc, (NYSE: AGN), Ciena Corporation, (NYSE: CIEN), TriNet Group, Inc., (NYSE … – Stocks In The News (press release) (tradingnewsnow.com)
- Ciena Announces Reporting Date and Web Broadcast for Fiscal Fourth Quarter and Year End 2017 Financial Results (finance.yahoo.com)
Several equities research analysts recently commented on the company. BMO Capital Markets restated a “buy” rating on shares of Ciena Corporation in a research report on Friday, October 27th. Stifel Nicolaus restated a “buy” rating on shares of Ciena Corporation in a research report on Friday, November 3rd. Nomura cut their target price on Ciena Corporation from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Friday, September 1st. MKM Partners restated a “buy” rating on shares of Ciena Corporation in a research report on Thursday, August 31st. Finally, B. Riley reiterated a “buy” rating and issued a $34.25 price target on shares of Ciena Corporation in a report on Tuesday, August 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. Ciena Corporation currently has a consensus rating of “Buy” and an average target price of $29.53.
Shares of Ciena Corporation (NYSE CIEN) traded down $0.62 on Thursday, hitting $19.87. The company had a trading volume of 1,387,147 shares, compared to its average volume of 2,985,094. The company has a quick ratio of 2.50, a current ratio of 2.92 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $2,848.06, a P/E ratio of 14.46, a price-to-earnings-growth ratio of 0.74 and a beta of 1.64. Ciena Corporation has a one year low of $19.52 and a one year high of $27.98.
Ciena Corporation (NYSE:CIEN) last issued its quarterly earnings results on Thursday, August 31st. The communications equipment provider reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.02. The company had revenue of $728.70 million during the quarter, compared to the consensus estimate of $726.81 million. Ciena Corporation had a return on equity of 25.53% and a net margin of 4.99%. Ciena Corporation’s revenue was up 8.7% on a year-over-year basis. During the same period last year, the business posted $0.42 earnings per share. sell-side analysts anticipate that Ciena Corporation will post 1.51 EPS for the current year.
In other Ciena Corporation news, SVP James E. Moylan, Jr. sold 2,000 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $20.46, for a total transaction of $40,920.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Andrew C. Petrik sold 1,258 shares of the stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $24.44, for a total value of $30,745.52. The disclosure for this sale can be found here. Insiders have sold 88,310 shares of company stock valued at $1,949,824 over the last ninety days. 1.45% of the stock is currently owned by company insiders.
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Ciena Corporation Company Profile
Ciena Corporation is a network strategy and technology company, which provides solutions that enable a range of network operators to adopt communication architectures and deliver an array of services, relied upon by enterprise and consumer end users. It provides equipment, software and services that support the transport, switching, aggregation, service delivery and management of voice, video and data traffic on communications networks.
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