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CIEN

Ciena

$21.38

0.19 (0.90%)

09:50
10/05/16
10/05
09:50
10/05/16
09:50

Ciena rises 2% to $21.67 in early trading

CIEN Ciena
$21.38

0.19 (0.90%)

09/02/16
MSCO
09/02/16
DOWNGRADE
MSCO
Equal Weight
Morgan Stanley downgrades Ciena, sees few paths for multiple expansion
As previously reported, Morgan Stanley analyst Meta Marshall downgraded Ciena to Equal Weight from Overweight, saying that while the company can likely outgrow the market over the next couple of years, its industry remains intensely competitive and growth is slowing in the long haul market, leaving little room for multiple expansion. Marshall maintains a $23 price target on Ciena shares, which have risen 12% year-to-date.
09/02/16
09/02/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Carnival (CCL) downgraded to Underweight from Equal Weight at Morgan Stanley by analyst Jamie Rollo after the firm's checks indicated cruise demand weakened and prices were soft in August. The analyst lowered Carnival's price target to $48 from $54. 2. lululemon (LULU) downgraded to Equal Weight from Overweight by Morgan Stanley analyst Kimberly Greenberger following the company's earnings report. She noted that the company's comps are decelerating and that traffic remains a headwind. Given the slowdown seen in Q2, Greenberger lowered her comp assumptions and cut her price target on lululemon shares to $70 from $74. 3. Morgan Stanley analyst Meta Marshall downgraded Ciena (CIEN) to Equal Weight from Overweight, saying that while the company can likely outgrow the market over the next couple of years, its industry remains intensely competitive and growth is slowing in the long haul market, leaving little room for multiple expansion. Marshall maintains a $23 price target on Ciena shares. 4. Smith & Wesson (SWHC) downgraded to Hold from Buy at Craig-Hallum by analyst Steven Dyer, as he thinks the current environment is "as good as it gets" for firearms demand. Based on past cycles, Dyer contends that November's election and activity right after that will likely mark the top of the current firearms cycle and the stock will react as comps become more difficult. 5. STMicroelectronics (STM) downgraded to Underperform from Neutral at BofA/Merrill, with the firm saying structural pressures will drive declining revenue from Q3 of 2017 and beyond. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/06/16
NEED
09/06/16
NO CHANGE
Target $30
NEED
Buy
Needham more positive on Ciena business outlook
Needham analyst Alex Henderson has a more positive perspective on Ciena's shares and the company's business outlook following its earnings release. Given the accelerating demand, strengthening metro and more end-to-end with Flex Coherent, the analyst believes Ciena is "uniquely positioned for growth" with expanding margins. He reiterates a Buy rating and $30 price target on the shares.
09/30/16
STFL
09/30/16
INITIATION
STFL
Hold
Ciena coverage resumed with a Hold at Stifel
Stifel analyst Patrick Newton resumed coverage of Ciena with a Neutral rating. He says that consensus estimates for the company adequately reflect its growth opportunities. Target $23.

TODAY'S FREE FLY STORIES

AAL

American Airlines

$45.31

-0.69 (-1.50%)

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American Airlines call volume above normal and directionally bullish »

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  • 02

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HQY

HealthEquity

$45.77

0.65 (1.44%)

11:25
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HealthEquity participates in a conference call with Chardan »

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NHI

National Health Investors

$79.82

-0.175 (-0.22%)

11:25
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National Health Investors to host investor day »

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  • 19

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OPXA

Opexa Therapeutics

$1.09

0.07 (6.86%)

11:25
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Conference/Events
Opexa Therapeutics to host special shareholder meeting »

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JKS

JinkoSolar

$27.78

0.14 (0.51%)

, JASO

JA Solar

$8.14

0.25 (3.17%)

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Periodicals
EU eases trade restrictions on Chinese solar panels, People's Daily reports »

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JKS

JinkoSolar

$27.78

0.14 (0.51%)

JASO

JA Solar

$8.14

0.25 (3.17%)

CSIQ

Canadian Solar

$16.80

-0.47 (-2.72%)

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NUVA

NuVasive

$57.80

-0.68 (-1.16%)

, EFII

Electronics for Imaging

$41.56

-0.03 (-0.07%)

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NuVasive slides as GlassHouse Research sees 'profusion of accounting red flags' »

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NUVA

NuVasive

$57.80

-0.68 (-1.16%)

EFII

Electronics for Imaging

$41.56

-0.03 (-0.07%)

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  • 19

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$NSD

NASDAQ Market Internals

11:17
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Technical Analysis
NASDAQ market internals summary »

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AIR

AAR Corp.

$36.87

0.32 (0.88%)

11:16
09/19/17
09/19
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Hot Stocks
AAR Corp. to acquire two MRO facilities from Premier Aviation »

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  • 19

    Sep

$NYE

NYSE Market Internals

11:16
09/19/17
09/19
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Technical Analysis
NYSE market internals summary »

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11:15
09/19/17
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General news
Breaking General news story  »

4-Week Bill Auction to be…

BBY

Best Buy

$52.43

-4.92 (-8.58%)

11:13
09/19/17
09/19
11:13
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Technical Analysis
Technical View: Best Buy falls to session lows following outlook »

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  • 19

    Sep

SIEGY

Siemens

$69.98

0.26 (0.37%)

11:11
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Siemens, PAS announce partnership to provide monitoring for control systems »

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UAL

United Continental

$58.51

0.395 (0.68%)

11:10
09/19/17
09/19
11:10
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11:10
Options
Repeat of bullish option activity in UAL »

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  • 02

    Oct

VIAB

Viacom

$27.32

-0.35 (-1.26%)

, DISCA

Discovery

$21.32

-0.62 (-2.83%)

11:08
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Hot Stocks
Cowen sees more trouble ahead for traditional TV names »

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VIAB

Viacom

$27.32

-0.35 (-1.26%)

DISCA

Discovery

$21.32

-0.62 (-2.83%)

FOXA

21st Century Fox

$26.50

-0.55 (-2.03%)

DIS

Disney

$98.43

0.325 (0.33%)

CBS

CBS

$57.71

-0.01 (-0.02%)

GOOGL

Alphabet Class A

$929.75

-5.54 (-0.59%)

GOOG

Alphabet

$915.00

-5.29 (-0.57%)

FB

Facebook

$170.01

-1.63 (-0.95%)

NFLX

Netflix

$184.62

2.27 (1.24%)

AMZN

Amazon.com

$974.19

-12.6 (-1.28%)

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  • 27

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XON

Intrexon

$19.19

-0.28 (-1.44%)

11:07
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Intrexon's Oxitec plans to build centralized mosquito egg production unit »

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CRCM

Care.com

$14.45

-0.14 (-0.96%)

11:04
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Care.com names George Bell to board as lead independent director »

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MTB

M&T Bank

$152.67

1 (0.66%)

11:03
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M&T Bank enters community-focused strategic partnership with NY Jets »

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CNC

Centene

$88.33

-6.25 (-6.61%)

11:02
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Coordinated Care awarded Commendable Accreditation status from NCQA »

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  • 26

    Sep

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  • 24

    Oct

USB

U.S. Bancorp

$52.64

0.255 (0.49%)

11:01
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U.S. Bancorp boosts quarterly dividend by 7% to 30c »

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  • 18

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NUVA

NuVasive

$57.80

-0.68 (-1.16%)

11:01
09/19/17
09/19
11:01
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11:01
Periodicals
NuVasive mentioned cautiously in short report from GlassHouse Research 

Reference Link

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RGC

Regal Entertainment

$16.08

-0.365 (-2.22%)

11:00
09/19/17
09/19
11:00
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11:00
Conference/Events
Regal Entertainment management to meet with MKM Partners »

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  • 20

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  • 02

    Oct

T

AT&T

$37.94

0.515 (1.38%)

11:00
09/19/17
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Options
AT&T option volume double normal as implied volatility term structure inverts »

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  • 29

    Nov

KR

Kroger

$21.32

-0.12 (-0.56%)

10:59
09/19/17
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Hot Stocks
Kroger outlook revised to Negative from Stable by Fitch »

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  • 11

    Oct

  • 30

    Nov

TSLA

Tesla

$385.00

5.19 (1.37%)

10:58
09/19/17
09/19
10:58
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10:58
Conference/Events
Tesla management to meet with MKM Partners »

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  • 19

    Sep

  • 19

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  • 02

    Oct

WK

Workiva

$19.75

-0.15 (-0.75%)

10:55
09/19/17
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10:55
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Conference/Events
Workiva to host analyst day »

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  • 19

    Sep

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