News headlines about Ciena (NYSE:CIEN) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ciena earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the communications equipment provider an impact score of 46.1569413852432 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the headlines that may have effected Accern’s scoring:
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Has the Tide Turned in Boot Barn Holdings, Inc. (BOOT) and Ciena Corporation (CIEN) Stocks? (nmsunews.com) Ciena (CIEN) SVP Sells $50,500.00 in Stock (americanbankingnews.com) Is Ciena Corporation (CIEN) In Search of Flying? (nmsunews.com) Ciena inks deals with Caucasus Online and GlobeNet (telecomlead.com) Ciena’s GeoMesh chosen to enhance submarine networks in Caucasus and Latin America (fibre-systems.com)
Shares of Ciena stock opened at $25.30 on Friday. Ciena has a 12 month low of $19.40 and a 12 month high of $27.98. The company has a market cap of $3.66 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 1.51 and a beta of 1.40. The company has a quick ratio of 1.79, a current ratio of 2.06 and a debt-to-equity ratio of 0.33.
Ciena (NYSE:CIEN) last announced its earnings results on Tuesday, March 6th. The communications equipment provider reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.08. Ciena had a return on equity of 14.10% and a net margin of 27.76%. The business had revenue of $646.14 million during the quarter, compared to analysts’ expectations of $641.77 million. During the same quarter in the prior year, the firm earned $0.17 earnings per share. The business’s revenue was up 4.0% compared to the same quarter last year. equities research analysts anticipate that Ciena will post 1.08 EPS for the current fiscal year.
CIEN has been the subject of a number of analyst reports. Citigroup upped their price target on Ciena from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, March 9th. ValuEngine raised Ciena from a “hold” rating to a “buy” rating in a report on Friday, March 9th. Jefferies Group reaffirmed a “buy” rating and issued a $31.00 price target on shares of Ciena in a report on Wednesday, March 7th. MKM Partners upped their price target on Ciena to $32.00 and gave the stock a “buy” rating in a report on Wednesday, March 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $29.00 price target (up previously from $24.00) on shares of Ciena in a report on Wednesday, March 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-two have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $30.04.
In other news, SVP Scott Mcfeely sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $26.95, for a total value of $26,950.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Stephen B. Alexander sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, April 16th. The shares were sold at an average price of $25.51, for a total value of $63,775.00. The disclosure for this sale can be found here. Insiders sold 90,505 shares of company stock valued at $2,346,927 over the last 90 days. Company insiders own 1.38% of the company’s stock.
Ciena Company Profile
Ciena Corporation provides hardware, software, and services that support the transport, switching, aggregation, service delivery, and management of voice, video, and data traffic on communications networks worldwide. The company's Networking Platforms segment offers hardware networking solutions optimized for the convergence of coherent optical transport, optical transport network switching, and packet switching.