|Bid||22.67 x 100|
|Ask||23.25 x 1500|
|Day's range||21.79 - 22.08|
|52-week range||19.40 - 27.98|
|PE ratio (TTM)||2.92|
|Earnings date||6 Mar 2018 - 12 Mar 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||26.96|
The warning by fiber-optic component vendor Inphi (IPHI), back at the end of October, that China is still a problem for it, shouldn’t deter investors in the stock, writes Stifel Nicolaus’s Tore Svanberg today, as he reiterates a Buy rating on the stock, and a $47 price target, as the company has at least three product lines that can offset slow demand. Inphi’s CEO Ford Tamer said on October 31st that the company is "still waiting for a rebound in China long haul and metro” in telecommunications.
Ciena's (CIEN) fiscal fourth-quarter 2017 results benefit from its diversified product portfolio and expanding total addressable market. However, increase in expenses remains an overhang on the bottom line.
Stocks are poised to climb on Friday following an upbeat jobs report. S&P 500 futures and Dow Jones Industrial futures are both up 0.3%, while Nasdaq futures are climbing 0.6%. As for specific stocks, ...
The optical systems maker fell short on earnings and missed on revenue Thursday. Ciena also announced a stock buyback.
Following a report this morning by fiber-optic pioneer Ciena (CIEN) of fiscal Q4 revenue that topped analysts’ expectations, but lower-than-expected earnings per share, an outlook for revenue growth the next few years that is faster than the market overall, and an announcement of its first-ever share buyback ever, shares are down 27 cents, or 1.2%, at $20.90. Chief executive Gary Smith was kind enough to speak with me by phone following the results. "We continue to grow the top line and the bottom line,” said Smith, regarding the rise of revenue of 3.9% to $744.4 million, which topped onsnuss of $736.9 million.
Stocks stumbled out to a mixed start, then turned positive Thursday, helped by strong early moves from Broadcom, Lululemon and Dollar General.
On a per-share basis, the Hanover, Maryland-based company said it had profit of $7.32. Earnings, adjusted for one-time gains and costs, came to 46 cents per share. The results fell short of Wall Street ...
Shares of Ciena Corp. dropped 3.6% in premarket trade Thursday, after the networking technology company reported a fiscal fourth-quarter profit that missed expectation, although sales beat. Net income ...
Ciena's (CIEN) fiscal fourth-quarter 2017 results are likely to benefit from growing demand for its products. However, uncertainty related to government orders remains a concern.
Ciena is well-positioned to rebound in 2018, says Bank of America/Merrill Lynch, which upgraded it to buy ahead of earnings.
Electro Scientific, Ciena, Exxon Mobil, BP and PetroChina as Zacks Bull and Bear of the Day
HANOVER, Md.--(BUSINESSWIRE)-- Colt Technology Services continues to invest in its core assets in the Asia Pacific region with the deployment of Ciena’s (NYSE:CIEN - News) 6500 Converged Packet Optical Platform, which is capable of delivering reliable 100Gbps and 200Gbps services to meet increasing demands for bandwidth. The Asia-Pacific-wide deployment on the Colt IQ Network began in September 2017 and will support Colt’s growth across key Asia Pacific markets, including Japan, Hong Kong and Singapore, as well as help strengthen intercontinental connections into Europe. Colt provides high-bandwidth network and communications services for enterprises, capital markets and wholesale businesses across Europe, Asia and North America.
Ciena (CIEN) reported earnings more than a month ago. What's next for the stock? We take a look at earnings estimates for some clues.