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CIEN

Ciena

$36.51

-2.74 (-6.98%)

04:55
10/02/19
10/02
04:55
10/02/19
04:55

Ciena management to meet with Northland

Meeting to be held in New York on October 2 hosted by Northland.

  • 02

    Oct

CIEN Ciena
$36.51

-2.74 (-6.98%)

09/10/19
EVER
09/10/19
INITIATION
EVER
Outperform
Ciena initiated with an Outperform at Evercore ISI
Evercore ISI analyst Amit Daryanani initiated Ciena with an Outperform rating and $48 price target. The analyst said he expects Ciena to see prolonged share gains due to "incrementally weaker" competition. Daryanani added that Ciena should be able to increase share gains as it has a leading position with hyperscale vendors and presence in high growth areas such as India, Japan, and others.
09/18/19
MKMP
09/18/19
NO CHANGE
Target $51
MKMP
Buy
Ciena decline in sympathy with Corning a 'buying opportunity', says MKM Partners
MKM Partners analyst Michael Genovese kept his Buy rating and $51 price target on Ciena (CIEN), saying yesterday's 2% decline in its stock price coming in sympathy with the negative pre-announcement ant Corning (GLW) was misplaced and represents a "buying opportunity". The analyst notes that Corning has referenced lower Telco capital expenditure on cable deployments and "Fiber to the Home" projects, but states that Ciena has no exposure to that market. Genovese does warn however that Corning called out reduced Data Center fiber spending among some enterprise customers and sees that slowdown potentially impacting Cisco (CSCO), F5 Networks (FFIV), and Juniper (JNPR).
10/01/19
LYNX
10/01/19
NO CHANGE
LYNX
Ciena selloff on 'bogus' seasonality interpretation 'unwarranted,' says Lynx
Lynx Equity Strategies analysts Jahanara Nissar and KC Rajkumar attribute weakness today in Ciena shares, which are down over 7%, to a new IR presentation on the company's website that references historical seasonality in quarterly orders. The historical seasonality for Q1 is being applied by some to the actual FY20 outlook to infer that the Q1 guidance could be below consensus, but "this interpretation is kinda bogus" since historical seasonality has less significance for future quarters for companies in the midst of strong product cycles, like Ciena, the analysts tell investors. The analysts, who call the selloff in the stock "unwarranted," note that Ciena's Q4 guidance is unchanged and that if the company intended to issue Q1 guidance they would have to put out a press release and an SEC filing.
10/01/19
GSCO
10/01/19
NO CHANGE
GSCO
Buy
Goldman adjusts Ciena Q1 estimates, says pullback overdone
Goldman Sachs analyst Rod Hall reduced his Q1 estimates for Ciena after the company updated its Fall 2019 investor presentation with a new slide on historical seasonality, which he notes was below what he had modeled. However, the company's outlook is unchanged and he keeps his full year revenue estimates roughly unchanged, Hall tells investors. The analyst, who remains positive on Ciena's growth prospects, reiterates a Buy rating on the shares and said today's stock reaction has been overdone. Though he can understand "why prudent investors may want to interpret this as a downtick," Hall said Ciena has not made any changes to its guidance or competitive share position.

TODAY'S FREE FLY STORIES

HIIQ

Health Insurance Innovations

$19.23

0.88 (4.80%)

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
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NYSE market internals summary »

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13:08
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General news
30-Yr Bond Auction Coupon Rate data reported »

30-Yr Bond Auction Coupon…

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General news
30-Yr Bond Auction Total Amount data reported »

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INSG

Inseego

$7.67

0.24 (3.23%)

13:05
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Options
Inseego call volume above normal and directionally bullish »

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AMRX

Amneal Pharmaceuticals

$5.16

1.675 (48.06%)

13:00
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Amneal Pharmaceuticals analyst commentary  »

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VRTX

Vertex

$219.47

-0.59 (-0.27%)

, PTI

Proteostasis

$4.01

-0.23 (-5.42%)

12:55
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Conference/Events
Cantor Fitzgerald biotech analysts to hold an analyst/industry conference call »

Biotechnology Analysts…

VRTX

Vertex

$219.47

-0.59 (-0.27%)

PTI

Proteostasis

$4.01

-0.23 (-5.42%)

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  • 12

    Dec

  • 19

    Mar

ADBE

Adobe

$304.30

0.55 (0.18%)

, AVGO

Broadcom

$324.00

4.14 (1.29%)

12:53
12/12/19
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Earnings
Notable companies reporting after market close »

Notable companies…

ADBE

Adobe

$304.30

0.55 (0.18%)

AVGO

Broadcom

$324.00

4.14 (1.29%)

COST

Costco

$295.82

0.6 (0.20%)

ORCL

Oracle

$56.16

-0.15 (-0.27%)

03/08/13
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  • 12

    Dec

  • 12

    Dec

  • 12

    Dec

  • 12

    Dec

  • 23

    Jan

12:50
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General news
U.S. Household net worth rose »

U.S. Household net worth…

12:50
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General news
Treasury Action: yields remain near their highs of the sessio »

Treasury Action: yields…

CC

Chemours

$17.55

0.955 (5.75%)

12:45
12/12/19
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Options
Chemours call volume above normal and directionally bullish »

Bullish option flow…

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12:41
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PBYI

Puma Biotechnology

$8.89

0.18 (2.07%)

12:32
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Puma Biotechnology: plasmaMATCH trial shows neratinib activity in ERBB2 cancer »

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GOOGL

Alphabet Class A

$1,344.42

-0.23 (-0.02%)

, GOOG

Alphabet

$1,346.41

1.27 (0.09%)

12:31
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Hot Stocks
Google updates Messages with Verified SMS, spam protection »

Google announced in a…

GOOGL

Alphabet Class A

$1,344.42

-0.23 (-0.02%)

GOOG

Alphabet

$1,346.41

1.27 (0.09%)

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GRUB

GrubHub

$41.93

1.7 (4.23%)

12:29
12/12/19
12/12
12:29
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12:29
Conference/Events
GrubHub participates in a conference call with Benchmark »

Services/Media Analyst…

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TWTR

Twitter

$30.12

-0.44 (-1.44%)

12:28
12/12/19
12/12
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Hot Stocks
Twitter to bring back Election Labels for upcoming U.S. election »

Twitter said in a blog…

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  • 06

    Feb

GOOGL

Alphabet Class A

$1,344.61

-0.04 (-0.00%)

, GOOG

Alphabet

$1,347.00

1.86 (0.14%)

12:28
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On The Fly
Fly Intel: What to watch in Oracle's earnings report »

Oracle (ORCL) is…

GOOGL

Alphabet Class A

$1,344.61

-0.04 (-0.00%)

GOOG

Alphabet

$1,347.00

1.86 (0.14%)

IBM

IBM

$134.98

1.17 (0.87%)

AMZN

Amazon.com

$1,749.62

0.51 (0.03%)

MSFT

Microsoft

$151.85

0.03 (0.02%)

ORCL

Oracle

$56.15

-0.16 (-0.28%)

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  • 12

    Dec

BA

Boeing

$346.49

-3.51 (-1.00%)

12:26
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Periodicals
Boeing CEO to meet with FAA chief Steve Dickson on Thursday, Reuters reports »

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FOSL

Fossil

$7.72

0.36 (4.89%)

12:25
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Options
Fossil Group call volume above normal and directionally bullish »

Bullish option flow…

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XOM

Exxon Mobil

$69.87

0.92 (1.33%)

, INTC

Intel

$57.44

0.4 (0.70%)

12:25
12/12/19
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Conference/Events
Intel to hold a webinar »

Intel Customer Spotlight…

XOM

Exxon Mobil

$69.87

0.92 (1.33%)

INTC

Intel

$57.44

0.4 (0.70%)

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  • 12

    Dec

  • 23

    Jan

NXGN

NextGen Healthcare

$18.17

0.06 (0.33%)

12:25
12/12/19
12/12
12:25
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12:25
Conference/Events
NextGen Healthcare to host analyst day »

Analyst day to be held in…

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  • 12

    Dec

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
12/12/19
12/12
12:17
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12:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
12/12/19
12/12
12:16
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12:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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