Barclays Downgrades CIENA (CIEN) to Underweight
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Despite Weak Numbers, Ciena Corp. (CIEN) Stock Holds Ground, Concerns Remain
December 14, 2012 11:51 AM ESTYesterday morning, Ciena Corp. (NASDAQ: CIEN) missed estimates for Q4 and guided Q1 below Street estimates. The stock was also downgraded to Underweight by Barclays. Despite this, the stock is holding up fairly well.
"Numbers are down, but the stock is holding... More
Jefferies Views Ciena Corp (CIEN) Valuation as Fair
December 14, 2012 7:55 AM ESTYesterday Ciena Corp (Nasdaq: CIEN) posting Q4 results that were a bit below consensus.
Commenting on developments, Jefferies analyst George C. Notter said, "While we remain concerned about longer term profitability and declining legacy products, we still believe the business may get an... More
BMO Capital Downgrades CIENA (CIEN) to Market Perform
December 14, 2012 6:59 AM ESTBMO Capital downgraded CIENA (NASDAQ: CIEN) from Outperform to Market Perform and cut their price target to $15 from $17 following Q4 results.
For an analyst ratings summary and ratings history on CIENA... More
Ciena Corp. (CIEN) Posts Q4 Loss of 7c/Share; Guides Q1 Sales
December 13, 2012 7:01 AM ESTCiena Corp. (NASDAQ: CIEN) reported Q4 EPS of ($0.07), $0.01 worse than the analyst estimate of ($0.06). Revenue for the quarter came in at $465.5 million versus the consensus estimate of $468.43 million.
Ciena Corp. sees Q1 2013 revenue of $435-460 million, versus the consensus of $458.61 million. Sees... More
