|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||27.05 - 27.36|
|52-week range||19.40 - 27.98|
|PE ratio (TTM)||5.78|
|Earnings date||30 May 2018 - 4 Jun 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||30.01|
A number of analysts have been at the Optical Network and Communication Conference, or OFC as it’s known, in San Diego, California, kicking the tires. Among them, Goldman Sachs’s Doug Clark and Rod Hall came away with some favorable impressions of Cisco Systems (CSCO) and Ciena (CIEN). The analysts write that “investor attendance and interest was once again high, especially with industry consolidation top of mind following the announcement on March 12 of Lumentum’s (LITE) intent to acquire Oclaro (OCLR)." The authors met with Ciena’s CTO Steve Alexander and with CFO Jim Moylan and came away enthusiastic about the company’s standing in, for example, “400G” networking, the movement of 400 billion bits per second in fiber optic pipes: Ciena has been shipping 400G optical systems (leveraging its WaveLogic Ai chipset) for several quarters.
TORONTO, March 13, 2018-- SMTC Corporation, a global electronics manufacturing services provider, today announced that it has appointed Steve Waszak as Chief Financial Officer and Sr. Vice President of ...
Ciena's (CIEN) first-quarter fiscal 2018 results gain from strong growth in Asia Pacific as well as high adoption of Blue Planet and Waveserver platforms.
Stocks that moved substantially or traded heavily on Tuesday: Target Corp., down $3.35 to $71.79 The retailer reported strong sales but said expenses rose as it spends more money on its website and revamps ...
For the April quarter, Ciena forecast revenue of $725 million at its midpoint of guidance, just above estimates of $723 million.
Here are some things going on today in your world of tech: Shares of Broadcom (AVGO) are up $2.05, or 0.8%, at $249.03, perhaps because investors now see diminished prospects for its hostile bid for Qualcomm (QCOM), after the latter this morning published a copy of a letter sent by the U.S Treasury Department to it and to Broadcom saying that the government has concerns about the national security implications of a deal, and that the CFIUS body will be reviewing those concerns during the 30-day review period that has started. Bernstein’s Stacy Rasgon, a bull on Broadcom stock and a bear on Qualcomm, writes this morning that it looks like, based on a Bloomberg report yesterday, that Qualcomm was going to lose the shareholder vote that had been scheduled for today and that was postponed by CFIUS as a result of the investigation.
Finisar Corp. and Infinera Corp. are among the optical companies whose shares are up Tuesday, after optical networking company Ciena Corp. reported better-than-expected earnings before the open. Finisar ...
[Updates with comments from CEO.] Shares of Ciena (CIEN) are up $2.32, or almost 10%, at $25.68, in early trading, after the company this morning reported fiscal Q1 revenue and earnings that topped analysts’ expectations, and forecast revenue this quarter slightly higher as well. CEO Gary Smith, fresh from the Mobile World Congress last week, a sort of speed-dating encounter for signing contracts, was upbeat in a phone call we had following the report. Smith told me "you are seeing the market consolidate around Ciena, in first place, and Huawei," China's privately held carrier.
The Hanover, Maryland-based company said it had a loss of $3.29 per share. Earnings, adjusted for pretax expenses and stock option expense, came to 15 cents per share. The results surpassed Wall Street ...
Ciena Corp. shares surged 6% in premarket trade Tuesday, after the networking company beat earnings estimates for its fiscal first quarter. The company said it had a net loss of $473.4 million, or $3.29 ...
Fiber-optic networking giant Ciena (CIEN) is set to report fiscal Q1 results tomorrow morning, before the opening bell, and the Street has been tuning up its models for the company. Dougherty & Co.’s Catharine Trebnick, who has a Buy on the stock, and a $25 price target, is expecting results basically in line with that consensus.
Ciena's fiscal Q1 profit is expected to fall nearly 54% when the network gear maker reports earnings early Tuesday.
Windstream (WIN) is likely to gain from improving sales, cost cutting and pricing-initiative plans, SD-WAN and cloud suite in Q4. Access line losses are likely to hurt.
NEW YORK, Feb. 20, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Spire ...
Amazon (AMZN), Alphabet’s (GOOGL) Google, Microsoft (MSFT), and Facebook (FB) — bode well for networking systems and component makers including Arista Networks (ANET), Finisar (FNSR), and Ciena (CIEN), writes Raymond James analyst Simon Leopold. Leopold, who’s been watching their respective reports — Google and Amazon Thursday afternoon, Microsoft and Facebook on Wednesday — totals their spending Q4 as $12.19 billion.
Shares of fiber optic component suppliers are generally weaker today following a warning late Friday by contract electronics manufacturer Sanmina-SCI (SANM) that its revenue and profit will miss fiscal Q1 expectations, and next quarter as well, hit by hiccups in some of its projects, and by the impact of tax reform. Dave Kang of B. Riley & Co., who follows several of the optical names, warns that this means a tough Q1 for fiber names such as Lumentum (LITE), Oclaro (OCLR), and Ciena (CIEN). The warning is "additional evidence that C1Q18 will be weak” for communications components, writes Kang, "with a pick up in demand starting in C2H18." That, he notes, is similar to what the management of component vendor Inphi (IPHI) said at an investment conference last week.
An analyst says Lumentum Holdings and Finisar are "warming up" to potential acquisitions amid industry consolidation.
Shares of telecom equipment supplier Ciena Corp. rose 3.2% in Tuesday morning trading following an upgrade to buy from analysts at Goldman Sachs. "We view Ciena as a key beneficiary of a more bullish ...