Ciena (CIEN) Scheduled to Post Quarterly Earnings on Thursday

Ciena (NYSE:CIEN) will be issuing its quarterly earnings data before the market opens on Thursday, December 12th. Analysts expect the company to announce earnings of $0.56 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

NYSE CIEN opened at $34.69 on Wednesday. The stock has a market capitalization of $5.35 billion, a P/E ratio of 30.97, a P/E/G ratio of 0.90 and a beta of 1.06. Ciena has a 1 year low of $30.77 and a 1 year high of $46.78. The business’s fifty day moving average is $37.03 and its two-hundred day moving average is $39.98. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.45 and a current ratio of 2.90.

In other Ciena news, CFO James E. Moylan, Jr. sold 2,000 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $40.20, for a total transaction of $80,400.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Scott Mcfeely sold 1,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $39.73, for a total transaction of $39,730.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 91,242 shares of company stock worth $4,889,614. Company insiders own 1.20% of the company’s stock.

CIEN has been the topic of several research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Ciena in a report on Monday. Stifel Nicolaus set a $54.00 price target on Ciena and gave the company a “buy” rating in a report on Friday, September 6th. Rosenblatt Securities raised Ciena from a “neutral” rating to a “buy” rating and upped their price target for the company from $45.00 to $47.00 in a report on Thursday, August 29th. Piper Jaffray Companies set a $46.00 price target on Ciena and gave the company a “hold” rating in a report on Friday, September 6th. Finally, Cowen reaffirmed a “buy” rating and issued a $54.00 price target on shares of Ciena in a report on Monday, December 2nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $47.96.

About Ciena

Ciena Corporation provides network hardware, software, and services that support the transport, switching, aggregation, service delivery, and management of video, data, and voice traffic on communications networks worldwide. The company's Networking Platforms segment offers hardware networking solutions optimized for the convergence of coherent optical transport, optical transport network switching, and packet switching.

Featured Story: What are the benefits of a balanced fund?

Earnings History for Ciena (NYSE:CIEN)

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