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CIEN

Ciena

$37.86

-0.25 (-0.66%)

07:55
12/02/19
12/02
07:55
12/02/19
07:55

Ciena Q4 results at risk due to transitory issues, says Cowen

Cowen analyst Paul Silverstein said his long-term thesis for Ciena remains unchanged but he believes there is near-term risk due to transitory issues. He said while trends remain favorable for long term revenues and margins, investor sentiment appears to be far more mixed. Silverstein reiterated his Outperform rating and $54 price target on Ciena shares.

  • 12

    Dec

CIEN Ciena
$37.86

-0.25 (-0.66%)

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

IR

Ingersoll-Rand

$128.95

1.405 (1.10%)

19:41
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ICPT

Intercept

$119.86

2.42 (2.06%)

19:06
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Intercept Phase 3 study for OCA in fibrosis patients published in The Lancet »

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  • 26

    Mar

HUN

Huntsman

$22.34

0.37 (1.68%)

18:52
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Huntsman acquires Icynene-Lapolla for all-cash payment of $350M »

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UBER

Uber

$28.65

-0.405 (-1.39%)

18:48
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Uber: Non-consensual kissing of sexual body part reported in 1 in 3M U.S. trips »

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UBER

Uber

$28.65

-0.405 (-1.39%)

18:45
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Uber says fatal physical assault reported in 1 in every 122M U.S. trips »

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DOMO

Domo

$19.47

-0.19 (-0.97%)

, EZPW

Ezcorp

$5.21

-0.01 (-0.19%)

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DOMO

Domo

$19.47

-0.19 (-0.97%)

EZPW

Ezcorp

$5.21

-0.01 (-0.19%)

DOCU

DocuSign

$69.51

-0.465 (-0.66%)

ULTA

Ulta Beauty

$236.09

-3.27 (-1.37%)

ZUMZ

Zumiez

$30.63

0.67 (2.24%)

CLDR

Cloudera

$10.02

0.16 (1.62%)

MDLA

Medallia

$29.79

0.55 (1.88%)

CRWD

Crowdstrike

$53.00

-2.04 (-3.71%)

AOBC

American Outdoor Brands

$9.42

0.38 (4.20%)

YEXT

Yext

$16.62

0.065 (0.39%)

PD

PagerDuty

$24.99

-0.66 (-2.57%)

SAIC

SAIC

$83.82

-0.57 (-0.68%)

ZM

Zoom Video

$69.73

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KFY

Korn/Ferry

$40.26

0.39 (0.98%)

COO

Cooper Companies

$313.10

1 (0.32%)

GWRE

Guidewire

$119.32

0.68 (0.57%)

OKTA

Okta

$119.18

-2.64 (-2.17%)

UBER

Uber

$28.65

-0.405 (-1.39%)

03/08/13
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    Dec

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    Dec

UBER

Uber

$28.65

-0.405 (-1.39%)

18:43
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Uber says 107 total fatalities in 2017-2018 reported in relation to Uber app »

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UBER

Uber

$28.65

-0.405 (-1.39%)

18:34
12/05/19
12/05
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12/05/19
18:34
Periodicals
Breaking Periodicals news story on Uber »

Uber reports 3,000 sexual…

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CMG

Chipotle

$819.61

10.12 (1.25%)

18:33
12/05/19
12/05
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Hot Stocks
Chipotle CEO: I took time to understand what makes us unique »

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RCII

Rent-A-Center

$26.02

0.36 (1.40%)

18:17
12/05/19
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18:17
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18:17
Hot Stocks
Rent-A-Center raises quarterly dividend to 29c from 25c per share »

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BKH

Black Hills

$76.66

0.01 (0.01%)

18:02
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Black Hills utilities receive approval to upsize Renewable Ready program »

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PRIM

Primoris

$21.92

0.3 (1.39%)

18:02
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12/05
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Hot Stocks
Primoris awarded two pipeline contracts for over $45M »

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LMAT

LeMaitre

$35.94

-0.09 (-0.25%)

18:01
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Hot Stocks
LeMaitre CFO sells 121K shares of common stock »

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CLBK

Columbia Financial

$16.33

-0.24 (-1.45%)

18:01
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Hot Stocks
Columbia Financial expands stock buyback to acquire additional 3M shares »

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AXS

Axis Capital

$58.42

0.31 (0.53%)

17:49
12/05/19
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17:49
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Axis Capital increases quarterly dividend 2.5% to 41c per share »

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  • 26

    Feb

PZZA

Papa John's

$59.67

-0.53 (-0.88%)

17:48
12/05/19
12/05
17:48
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17:48
Periodicals
Former Papa John's CEO files suit against ad firm, Bloomberg says »

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  • 11

    Dec

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    Dec

THG

Hanover Insurance

$133.80

0.52 (0.39%)

17:47
12/05/19
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17:47
Hot Stocks
Hanover Insurance raises dividend to 65c/shr, announces $2.50 special dividend »

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  • 26

    Feb

BHVN

Biohaven Pharmaceutical

$53.79

-0.235 (-0.44%)

17:46
12/05/19
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17:46
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Biohaven Pharmaceutical issued patent relating to troriluzole »

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EPZM

Epizyme

$15.32

-0.48 (-3.04%)

17:45
12/05/19
12/05
17:45
12/05/19
17:45
Upgrade
Morgan Stanley upgrades Epizyme to Overweight ahead of lymphoma data »

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  • 07

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    Jan

THG

Hanover Insurance

$133.80

0.52 (0.39%)

17:44
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17:44
Hot Stocks
Hanover Insurance announces $150M accelerated buyback »

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  • 26

    Feb

MAS

Masco

$46.01

0.445 (0.98%)

17:35
12/05/19
12/05
17:35
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17:35
Hot Stocks
Masco CFO sells 20K shares of common stock »

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CI

Cigna

$195.52

-1.13 (-0.57%)

17:31
12/05/19
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17:31
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Cigna's Foss acquires over 10,000 common shares »

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  • 09

    Dec

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    Feb

GD

General Dynamics

$182.38

4.26 (2.39%)

17:30
12/05/19
12/05
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General Dynamics awarded $145.75M Navy contract modification »

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DOCU

DocuSign

$69.51

-0.465 (-0.66%)

17:28
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DocuSign up 8.5% to $75.38 after Q3 results beat estimates »

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  • 05

    Dec

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    Dec

DASTY

Dassault Systemes

$0.00

(0.00%)

17:24
12/05/19
12/05
17:24
12/05/19
17:24
Initiation
Dassault Systemes initiated at Goldman Sachs »

Dassault Systemes resumed…

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