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CIEN

Ciena

$38.50

0.46 (1.21%)

08:20
01/22/19
01/22
08:20
01/22/19
08:20

Jefferies ups Ciena target to $45, says not too late to buy shares

Jefferies analyst George Notter raised his price target for Ciena to $45 from $42 and reiterates a Buy rating on the shares. After spending time with management, the analyst still believes Ciena is a "major long-term market share consolidator" in the space. The shares are "still too cheap given significant potential upside to the model, improving consistency, and waning risks associated with product cycles, margins, and 400G ZR," Notter tells investors in a research note titled "It's Not Too Late - Buy this Stock."

CIEN Ciena
$38.50

0.46 (1.21%)

12/14/18
BMOC
12/14/18
NO CHANGE
Target $42
BMOC
Outperform
Ciena price target raised to $42 from $36 at BMO Capital
BMO Capital analyst Tim Long raised his price target on Ciena to $42 after its "strong" Q4 results that were driven by improving margins, saying the company continues to "diversify away from the traditional telco vertical into growth areas like webscale, where demand is strong. " The analyst also keeps his Outperform rating on Ciena while citing the company's "growth outlook, improving balance sheet, and consistent capital return program."
12/14/18
MKMP
12/14/18
NO CHANGE
Target $45
MKMP
Buy
Ciena price target raised to $45 from $38 at MKM Partners
MKM Partners analyst Michael Genovese raised his price target on Ciena to $45 after its "strong" Q4 results, saying the stock is a "must own" in the communications equipment sector. The analyst cites the company producing "another record quarter for orders, with book-to-bill well above 1.0", along with a 12% increase in its backlog in Q4, while its FY18 top-line grew by 10% in a market where revenues grew by mid-single digits. Genovese keeps his Buy rating on Ciena, stating that its market share gains are driven by its "best technology" and trust from its Tier 1 customers.
12/14/18
LOOP
12/14/18
DOWNGRADE
Target $36
LOOP
Hold
Ciena downgraded to Hold from Buy at Loop Capital
Loop Capital analyst James Kisner downgraded Ciena to Hold from Buy, stating that while its 2019 revenue guidance was above consensus he thinks the rest of guidance, with gross margin below consensus, implied roughly in-line Q1 EPS. He stills views the company as very well positioned in the optical systems market, but sees the stock as close to fully valued, Kisner tells investors. He maintains a $36 price target on Ciena shares.
12/14/18
ARGS
12/14/18
NO CHANGE
Target $42
ARGS
Buy
Ciena price target raised to $42 from $38 at Argus
Argus analyst James Kelleher raised his price target on Ciena to $42 and kept his Buy rating after its Q4 earnings beat and the management's guidance of at least 20% EPS growth over the next 3 years. The analyst notes that growth rate being "much faster than the historical trend and the outlook for its pees", adding that the company also has no "direct" exposure to the China slowdown as it looks to build market share profitably and with no pricing erosion.

TODAY'S FREE FLY STORIES

IFF

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ATI

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INAP

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DRI

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HYMTF

Hyundai Motor

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CVBF

CVB Financial

$21.12

-0.53 (-2.45%)

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KAMN

Kaman

$57.84

0.345 (0.60%)

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VALE

Vale

$13.49

-0.21 (-1.53%)

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EQH

AXA Equitable

$20.84

-0.565 (-2.64%)

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  • 21

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OTTW

Ottawa Bancorp

$13.56

-0.14 (-1.02%)

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JAZZ

Jazz Pharmaceuticals

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  • 20

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AYI

Acuity Brands

$123.00

-5.53 (-4.30%)

18:52
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  • 03

    Apr

HYAC

Haymaker Acquisition

$11.79

(0.00%)

, OSW

OneSpaWorld

$0.00

(0.00%)

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(0.00%)

OSW

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$0.00

(0.00%)

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MLHR

Herman Miller

$35.07

-0.85 (-2.37%)

, MU

Micron

$40.08

-0.3 (-0.74%)

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MU

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SIEN

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FTDR

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$32.10

-2.29 (-6.66%)

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SAGE

Sage Therapeutics

$152.62

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NVDA

Nvidia

$174.38

-1.39 (-0.79%)

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CURLF

Curaleaf Holdings

$0.00

(0.00%)

, CVS

CVS Health

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CURLF

Curaleaf Holdings

$0.00

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CVS

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$56.17

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  • 25

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PETQ

PetIQ

$29.87

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  • 20

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T

AT&T

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SGSOY

SGS SA

$0.00

(0.00%)

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CLX

Clorox

$155.94

-0.93 (-0.59%)

, RBGLY

Reckitt Benckiser

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  • 28

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BA

Boeing

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  • 20

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CE

Celanese

$101.04

0.08 (0.08%)

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  • 18

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FTDR

Frontdoor

$32.10

-2.29 (-6.66%)

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  • 21

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