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CIEN

Ciena

$38.04

0.26 (0.69%)

11:35
11/12/19
11/12
11:35
11/12/19
11:35

Ciena put volume heavy and directionally bearish

Bearish flow noted in Ciena with 1,385 puts trading, or 1.3x expected. Most active are Jan-20 40 puts and Nov-19 38.5 calls, with total volume in those strikes near 1,300 contracts. The Put/Call Ratio is 1.78, while ATM IV is up nearly 7 points on the day. Earnings are expected on December 12th.

CIEN Ciena
$38.04

0.26 (0.69%)

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.
10/02/19
STFL
10/02/19
NO CHANGE
Target $54
STFL
Buy
Ciena's recent weakness a buying opportunity, says Stifel
Stifel analyst John Marchetti said he came away from his meetings with Ciena CEO Gary Smith comfortable with his bullish view and believes that the recent weakness in the stock "presents a compelling buying opportunity." Ciena is separating itself from competition in its core optical transport and data center interconnect markets, contends Marchetti, who remains confident the company can beat its 20% EPS growth target over the next two years given that management was increasingly confident in its ability to achieve FY20 operating margins of 15%. He keeps a Buy rating and $54 price target on Ciena shares.
10/16/19
RILY
10/16/19
NO CHANGE
RILY
B. Riley FBR remains cautious on Inphi and II-VI into Q3 results
B. Riley FBR analyst Dave Kang remains a buyer of Infinera (INFN) and Ciena (CIEN) while remaining cautious of Inphi (IPHI), II-VI (IIVI) and Applied Optoelectronics (AAOI) into the Q3 earnings season. Based on his latest checks, the analyst believes the recent 15% U.S. tariffs on optical components manufactured in China "could further exacerbate the already challenged datacom industry." While optical component suppliers will try to pass some of the tariffs to their customers, customers are pushing back on the idea as they are threatening to use non-Chinese products, Kang tells investors in a research note. He believes II-VI will negatively be impacted from tariffs as Finisar has a strong manufacturing presence in China, and that Inphi and Applied Optoelectronics could also be impacted.

TODAY'S FREE FLY STORIES

FATE

Fate Therapeutics

$13.64

0.07 (0.52%)

10:49
12/08/19
12/08
10:49
12/08/19
10:49
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Fate Therapeutics announces vivo preclinical data for FT596 »

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STOK

Stoke Therapeutics

$28.91

3.99 (16.01%)

10:04
12/08/19
12/08
10:04
12/08/19
10:04
Hot Stocks
Stoke Therapeutics presents STK-001 preclinical data in Dravet syndrome »

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AUTL

Autolus Therapeutics

$14.60

-0.18 (-1.22%)

09:25
12/08/19
12/08
09:25
12/08/19
09:25
Hot Stocks
Autolus announces new data highlighting progress on AUTO3 »

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  • 09

    Dec

AGIO

Agios Pharmaceuticals

$40.93

0.81 (2.02%)

09:22
12/08/19
12/08
09:22
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09:22
Hot Stocks
Agios says proof-of-concept has been established for mitapivat »

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  • 09

    Dec

  • 13

    Dec

ZIOP

Ziopharm

$5.16

0.06 (1.18%)

09:20
12/08/19
12/08
09:20
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09:20
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Ziopharm reports pre-clinical data of Rapid Personalized Manufacture »

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  • 08

    Dec

TGTX

TG Therapeutics

$7.11

-0.57 (-7.42%)

09:18
12/08/19
12/08
09:18
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09:18
Hot Stocks
TG Therapeutics reports triple therapy data from Phase I/II study of ublitux »

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  • 09

    Dec

KPTI

Karyopharm

$16.30

-1.15 (-6.59%)

09:16
12/08/19
12/08
09:16
12/08/19
09:16
Hot Stocks
Karyopharm says four posters will be presented at ASH »

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IPHA

Innate Pharma

$6.30

(0.00%)

09:13
12/08/19
12/08
09:13
12/08/19
09:13
Hot Stocks
Innate Pharma reports long-term data from Phase III trial of Lumoxiti »

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REGN

Regeneron

$372.26

4.02 (1.09%)

09:11
12/08/19
12/08
09:11
12/08/19
09:11
Hot Stocks
Regeneron reports initial data for REGN5458 in myeloma patients »

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  • 08

    Dec

BPMC

Blueprint Medicines

$78.50

3.92 (5.26%)

09:09
12/08/19
12/08
09:09
12/08/19
09:09
Hot Stocks
Blueprint reports 77% overall response rate in 48 patients from Explorer trial »

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  • 08

    Dec

BPMC

Blueprint Medicines

$78.50

3.92 (5.26%)

09:06
12/08/19
12/08
09:06
12/08/19
09:06
Hot Stocks
Blueprint announces initial data from Phase 2 Pioneer trial in mastocytosis »

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  • 08

    Dec

PCG

PG&E

$9.65

-0.13 (-1.33%)

08:12
12/08/19
12/08
08:12
12/08/19
08:12
Periodicals
PG&E settlement threatens bondholders plan, WSJ reports »

PG&E's…

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  • 07

    Jan

SYRS

Syros Pharmaceuticals

$4.60

-0.02 (-0.43%)

08:08
12/08/19
12/08
08:08
12/08/19
08:08
Hot Stocks
Syros announces fetal hemoglobin repressor using gene control platform »

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  • 08

    Dec

ABBV

AbbVie

$86.97

0.3 (0.35%)

08:06
12/08/19
12/08
08:06
12/08/19
08:06
Hot Stocks
AbbVie says post-hoc analysis supports benefit of venetoclax in combination »

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RHHBY

Roche

$0.00

(0.00%)

08:03
12/08/19
12/08
08:03
12/08/19
08:03
Hot Stocks
Genentech reports data from two Phase III Venclexta studies in leukemia »

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  • 09

    Dec

  • 10

    Dec

  • 10

    Dec

  • 16

    Dec

ORTX

Orchard Therapeutics

$11.85

0.37 (3.22%)

07:59
12/08/19
12/08
07:59
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07:59
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Orchard to present data from multiple programs at ASH meeting »

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SRRA

Sierra Oncology

$0.49

0.1035 (27.13%)

06:55
12/08/19
12/08
06:55
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06:55
Conference/Events
Sierra Oncology to hold an analyst and investor event »

Analyst and Investor…

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  • 08

    Dec

RUHN

Ruhnn

$6.19

-0.2 (-3.13%)

04:55
12/08/19
12/08
04:55
12/08/19
04:55
Conference/Events
Ruhnn management to meet with Mizuho »

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  • 08

    Dec

  • 09

    Dec

SRRA

Sierra Oncology

$0.49

0.1035 (27.13%)

04:55
12/08/19
12/08
04:55
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04:55
Conference/Events
Sierra Oncology to hold an analyst and investor event »

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  • 08

    Dec

04:55
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12/08
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Conference/Events
Piper Jaffray biotech analysts to hold a KOL luncheon »

Biotech Analysts hold a…

MGTA

Magenta Therapeutics

$13.29

0.3 (2.31%)

19:31
12/07/19
12/07
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19:31
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Magenta reports results from MGTA-145 stem cell mobilization program »

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  • 07

    Dec

  • 07

    Dec

PFE

Pfizer

$38.29

0.26 (0.68%)

, BMY

Bristol-Myers

$59.94

0.435 (0.73%)

19:29
12/07/19
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19:29
12/07/19
19:29
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Bristol-Myers Squibb-Pfizer Alliance reports analysis of Eliquis »

The Bristol-Myers…

PFE

Pfizer

$38.29

0.26 (0.68%)

BMY

Bristol-Myers

$59.94

0.435 (0.73%)

03/08/13
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  • 07

    Dec

  • 08

    Dec

  • 09

    Dec

  • 11

    Dec

UMRX

Unum Therapeutics

$0.70

0.0177 (2.61%)

19:25
12/07/19
12/07
19:25
12/07/19
19:25
Hot Stocks
Unum Therapeutics announces Phase 1 clinical updates for T-cell therapies »

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  • 07

    Dec

MGTA

Magenta Therapeutics

$13.29

0.3 (2.31%)

19:25
12/07/19
12/07
19:25
12/07/19
19:25
Conference/Events
Magenta Therapeutics to hold an investor and analyst event »

Investor and Analyst…

03/08/13
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  • 07

    Dec

  • 07

    Dec

AUTL

Autolus Therapeutics

$14.60

-0.18 (-1.22%)

19:23
12/07/19
12/07
19:23
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19:23
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Autolus presents new data on T cell therapies in leukemia, lymphoma »

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  • 07

    Dec

  • 07

    Dec

  • 09

    Dec

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