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CIEN

Ciena

$21.17

-0.27 (-1.26%)

07:01
12/07/17
12/07
07:01
12/07/17
07:01

Ciena announces $300M share repurchase authorization

Ciena announced that its Board of Directors has authorized a program to repurchase up to $300M of the company's common stock through the end of fiscal 2020.

  • 07

    Dec

CIEN Ciena
$21.17

-0.27 (-1.26%)

11/06/17
GSCO
11/06/17
DOWNGRADE
Target $22
GSCO
Neutral
Finisar downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Doug Clark downgraded Finisar (FNSR) to Neutral and his Telecom Equipment coverage view to Neutral from Attractive citing a more cautious stance on the optical component cycle. The analyst sees softening end markets, rising inventories and industry capacity. For Finisar, which reports earnings in early December, Clark thinks the company's guidance has "significant downside risk" relative to consensus expectations. The analyst cut his price target for the shares to $22 from $27. Finisar closed the trading day down 15c to $19.25. Elsewhere in Telecom Equipment sector, Clark has Buy ratings on Arris (ARRS) and Infinera (INFN), Neutral ratings on Acacia Communications (ACIA), Ciena (CIEN) and Lumentum (LITE), and a Sell rating on Adtran (ADTN).
11/27/17
BOFA
11/27/17
UPGRADE
BOFA
Buy
Ciena upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill analyst Tal Liani upgraded Ciena to Buy and maintained a $28 price target saying shares are at the low end of the historical range and the earnings growth profile is attractive.
11/27/17
11/27/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Lowe's (LOW) upgraded to Outperform from Market Perform at Raymond James with analyst Budd Bugatch saying he views Lowe's shares as more attractive following the third quarter beat. 2. T-Mobile (TMUS) upgraded to Buy from Neutral at MoffettNathanson. 3. GlaxoSmithKline (GSK) upgraded to Buy from Neutral at UBS with analyst Michael Leuchten saying concerns of continuing earnings decline and the dividend sustainability are now overdone. 4. Ciena (CIEN) upgraded to Buy from Neutral at BofA/Merrill with analyst Tal Liani saying shares are at the low end of the historical range and the earnings growth profile is attractive. 5. Constellium (CSTM) upgraded to Outperform from Market Perform at Cowen with analyst Novid Russell saying the company's rapid deleveraging has allowed investors to focus on its significant growth projects, attractive end markets, and valuation discount relative to peers. Russell raised his price target to $13 from $11 on Constellium shares. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/04/17
JEFF
12/04/17
NO CHANGE
Target $32.5
JEFF
Buy
Jefferies likes Ciena's risk/reward heading into 2018
Jefferies analyst George Notter reiterates a Buy rating on Ciena with a $32.50 price target saying he likes for the stock for 2018. The shares are trading "meaningfully below" their historical valuation norms, Notter tells investors in a research note. He sees a "number of avenues" for Ciena to exceed updated views of sales growth for next year, including Verizon's 100G metro project.

TODAY'S FREE FLY STORIES

WEX

Wex

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07:01
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GS

Goldman Sachs

$191.34

-6.825 (-3.44%)

07:01
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Goldman Sachs rating change  »

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HYMTF

Hyundai Motor

$0.00

(0.00%)

07:00
11/21/18
11/21
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07:00
Periodicals
U.S. prosecutors probe Hyundai, Kia vehicle recalls, Reuters reports »

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07:00
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Treasury Market Outlook: »

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GLOB

Globant

$50.46

-1 (-1.94%)

06:59
11/21/18
11/21
06:59
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06:59
Conference/Events
Globant management to meet with KeyBanc »

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  • 27

    Nov

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  • 02

    Dec

WYNN

Wynn Resorts

$100.98

-2.49 (-2.41%)

06:58
11/21/18
11/21
06:58
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06:58
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Wynn Resorts analyst commentary  »

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  • 28

    Nov

EMITF

Elbit Imaging

$1.65

(0.00%)

06:57
11/21/18
11/21
06:57
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06:57
Hot Stocks
Elbit Imaging announces sale of additional Elbit Medical shares »

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EADSY

Airbus

$0.00

(0.00%)

06:54
11/21/18
11/21
06:54
11/21/18
06:54
Hot Stocks
Airbus appoints Michael Schollhorn COO for Airbus Commercial Aircraft »

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XHR

Xenia Hotels

$19.99

0.08 (0.40%)

, H

Hyatt

$69.10

-0.64 (-0.92%)

06:54
11/21/18
11/21
06:54
11/21/18
06:54
Hot Stocks
Xenia Hotels acquires Park Hyatt Aviara Resort, Golf Club & Spa for $170M »

Xenia Hotels (XHR)…

XHR

Xenia Hotels

$19.99

0.08 (0.40%)

H

Hyatt

$69.10

-0.64 (-0.92%)

03/08/13
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  • 28

    Nov

DE

Deere

$138.49

-4.04 (-2.83%)

06:50
11/21/18
11/21
06:50
11/21/18
06:50
Earnings
Deere reports Q4 EPS $2.42, consensus $2.45 »

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  • 21

    Nov

  • 27

    Nov

BBY

Best Buy

$63.54

1.35 (2.17%)

06:50
11/21/18
11/21
06:50
11/21/18
06:50
Recommendations
Best Buy analyst commentary  »

Best Buy price target…

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  • 05

    Dec

EADSY

Airbus

$0.00

(0.00%)

, IFNNY

Infineon

$0.00

(0.00%)

06:49
11/21/18
11/21
06:49
11/21/18
06:49
Hot Stocks
Airbus appoints Dominik Asam as future CFO »

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EADSY

Airbus

$0.00

(0.00%)

IFNNY

Infineon

$0.00

(0.00%)

03/08/13
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FNKO

Funko

$15.15

-0.03 (-0.20%)

06:47
11/21/18
11/21
06:47
11/21/18
06:47
Recommendations
Funko analyst commentary  »

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ENTG

Entegris

$27.29

1.09 (4.16%)

06:45
11/21/18
11/21
06:45
11/21/18
06:45
Conference/Events
Entegris management to meet with Craig Hallum »

Meeting to be held in…

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  • 27

    Nov

06:45
11/21/18
11/21
06:45
11/21/18
06:45
General news
Breaking General news story  »

Week of 11/16 MBA…

GPS

Gap

$24.65

-0.79 (-3.11%)

06:43
11/21/18
11/21
06:43
11/21/18
06:43
Periodicals
Gap reviews whether to close hundreds of weaker locations, WSJ reports »

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  • 03

    Mar

ECOM

ChannelAdvisor

$10.44

-0.12 (-1.14%)

06:42
11/21/18
11/21
06:42
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06:42
Conference/Events
ChannelAdvisor management to meet with B. Riley FBR »

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  • 27

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    Dec

TCEHY

Tencent

$0.00

(0.00%)

, SPOT

Spotify

$129.73

2.99 (2.36%)

06:37
11/21/18
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06:37
Periodicals
Tencent Music Entertainment could push IPO until 2019, Reuters reports »

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TCEHY

Tencent

$0.00

(0.00%)

SPOT

Spotify

$129.73

2.99 (2.36%)

03/08/13
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UAL

United Continental

$91.76

-0.33 (-0.36%)

06:36
11/21/18
11/21
06:36
11/21/18
06:36
Periodicals
United wins victory in Newark Airport fee dispute, WSJ reports »

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  • 27

    Nov

BGNE

BeiGene

$125.87

1.5 (1.21%)

06:36
11/21/18
11/21
06:36
11/21/18
06:36
Initiation
BeiGene initiated  »

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  • 27

    Nov

  • 01

    Dec

  • 03

    Dec

NMHLY

NMC Health

$0.00

(0.00%)

06:34
11/21/18
11/21
06:34
11/21/18
06:34
Upgrade
NMC Health rating change  »

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03/08/13
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ADI

Analog Devices

$89.12

3.57 (4.17%)

06:33
11/21/18
11/21
06:33
11/21/18
06:33
Recommendations
Analog Devices analyst commentary  »

Analog Devices price…

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  • 26

    Nov

AAPL

Apple

$177.10

-8.7 (-4.68%)

06:32
11/21/18
11/21
06:32
11/21/18
06:32
Periodicals
Apple in talks to provide veterans access to electronic health records, WSJ says »

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  • 04

    Dec

SWGAY

Swatch Group

$0.00

(0.00%)

06:31
11/21/18
11/21
06:31
11/21/18
06:31
Downgrade
Swatch Group rating change  »

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SWGAY

Swatch Group

$0.00

(0.00%)

06:31
11/21/18
11/21
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06:31
Downgrade
Swatch Group rating change  »

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