Rational Advisors LLC Takes $589000 Position in Ciena Corporation (CIEN)

Cornelia Mascio
Dicembre 7, 2017

A number of equities research analysts have recently issued reports on the stock. The company has market cap of $21.72 million. HDFC Bank Limited (NYSE:HDB) has risen 36.23% since December 5, 2016 and is uptrending. Texas-based Next Group has invested 0% in Ciena Corporation (NYSE:CIEN). Messner & Smith Theme Value Investment Management Ltd Ca owns 26,925 shares or 0.06% of their United States portfolio. Therefore 86% are positive. 4,019 shares were sold by PETRIK ANDREW C, worth $100,555.

The stock increased or $0 during the last trading session, hitting $. Deutsche Bancorp Ag invested 0.01% of its portfolio in Ciena Corporation (NYSE:CIEN). Petrus Tru Com Lta reported 0.08% of its portfolio in Ciena Corporation (NYSE:CIEN).

Ciena Corporation (NYSE:CIEN) has a beta of 1.66, compared to a beta of 1 for the market, which implies that the stock's price movements are more extreme than the market as a whole. It has outperformed by 27.73% the S&P500.

Since June 15, 2017, it had 0 insider buys, and 6 selling transactions for $338,245 activity.

Ratings analysis reveals 50% of Ciena's analysts are positive. On Thursday, June 15 the insider FRODSHAM JAMES sold $50,040. Also, CEO Gary B. Smith sold 12,634 shares of the stock in a transaction on Thursday, September 21st. Moreover, Windsor Financial Group Llc has 0.04% invested in the company for 62,500 shares. Amp Capital Invsts holds 0% in Ciena Corporation (NYSE:CIEN) or 10,362 shares. Cornerstone Advsr stated it has 199 shares or 0% of all its holdings. State Street, a Massachusetts-based fund reported 4.65 million shares. In the most recent quarter, institutional ownership increased by a net of 4.23 million shares, or 2.78%.This is a bullish sign and indicates that institutions are feeling more optimistic about the outlook for CIEN overall.145 holders increased their positions, 148 decreased their positions, and 54 holders held their positions. CIEN's profit would be $62.78 million giving it 12.18 P/E if the $0.44 EPS is correct. Omers Administration Corp holds 77,000 shares. Broadview Advisors Ltd Liability Corporation invested in 2.27% or 614,375 shares. The Earnings Yield for Ciena Corporation (NYSE:CIEN) is 0.065577. Whittier Trust has 362 shares for 0% of their portfolio. Managed Asset Portfolios Ltd Liability Company reported 0.86% in Ciena Corporation (NYSE:CIEN). $28.65's average target is 35.21% above currents $21.19 stock price. Ciena Corporation has a 12 month low of $19.40 and a 12 month high of $27.98. Needham has "Buy" rating and $31.0 target. On Friday, September 2 the stock rating was maintained by Dougherty & Company with "Buy".

The company has analyst rating of 2.20 on scale of 1-5. Citigroup raised shares of Ciena from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $23.87 to $29.00 in a report on Wednesday, August 30th.

Cowen and Company reaffirmed their outperform rating on shares of Ciena Co. The firm has "Buy" rating by William Blair given on Friday, June 2. Morgan Stanley initiated it with "Equal-Weight" rating and $25 target in Friday, October 9 report.

International Paper Company (IP) closed at price of $56.92 after 2.3 million shares traded at hands. Nomura has "Buy" rating and $28 target. Jefferies maintained Ciena Corporation (NYSE:CIEN) on Thursday, June 1 with "Buy" rating.

Ciena 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 has a 22.34 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.

Receive Ciena Corporation News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ciena Corporation with MarketBeat.com's FREE daily email newsletter.

Altre relazioniGrafFiotech

Discuti questo articolo

Segui i nostri GIORNALE