CIEN News and Headlines - Ciena Corp

GuruFocus Articles Total 20
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The stock of Ciena (NYSE:CIEN, 30-year Financials) gives every indication of being significantly overvalued, according to GuruFocus Value calculation. GuruFocus Value is GuruFocus' estimate of the fair value at which the stock should be traded. It is calculated based on the historical multiples that the stock has traded at, the past business growth and analyst estimates of future business performance. If the price of a stock is significantly above the GF Value Line, it is overvalued and its future return is likely to be poor. On the other hand, if it is significantly below the GF Value Line,

0 Views    GF Value    2021-04-03 06:12
These stocks sell for 15 to 20 times per-share earnings

Most of the stocks I own for clients are value stocks, selling for 15 times the company's earnings or less.

However, there is room in my heart – and in my portfolio – for a few GARP stocks. GARP stands for growth at a reasonable price. It's the middle ground between value investing (bargain hunting) and growth investing (seeking companies whose earnings are growing rapidly).

Once a year at Thanksgiving time – which, after all, is time to loosen one's belt – I devote this column to a few GARP picks that I think are worthy of consideration. These stocks

310 Views    John Dorfman    2020-11-23 15:00
Markets mixed, shares of Smith & Wesson jump on earnings report

US Markets

U.S. stocks were mixed on Friday after the U.S. economy added back a greater than expected number of payrolls in August. The unemployment rate was 8.4% versus the 9.8% expected, and lower than the 10.2% in July. The Dow gained 0.38% to 28,400, the S&P 500 index fell 0.43% to 3,440 and the Nasdaq Composite Index was down more than 180 points, or 1.56%, to 11,278.


• The Cooper Companies, Inc. (COO) +8.4%

• FedEx Corp (FDX) +1.4%

• Coty Inc (COTY) +5.5%

• International Business Machines Corp (IBM) +0.4%


• Ciena Corp. (CIEN) -5.3%

75 Views    Omar Venerio    2020-09-04 14:41
Markets in the red, shares of Ciena sink

US Markets

U.S. stocks were in the red on Thursday after a record session yesterday. U.S. jobless claims fell by 130,000 to a seasonally adjusted 881,000 in the last week of August, but it is still historically high. The Dow slid 0.08% to 29,063, the S&P 500 index fell 0.75% to 3,554 and the Nasdaq Composite Index was down 1.74% to 11,847.


• NiSource Inc​ (NI) +2.1%

• FedEx Corp (FDX) +1.4%

• International Business Machines Corp (IBM) +0.94%

• NRG Energy Inc (NRG) +0.85%

• Dominion Energy Inc (D) +1.1%


• Juniper Networks, Inc. (JNPR) -5.3%

67 Views    Omar Venerio    2020-09-03 15:16
Ciena and J.M. Smucker decline on financial results

Shares of Ciena Corp. (CIEN) fell almost 5% on Thursday after reporting second-quarter revenue of $894.05 million and earnings of 76 cents per share. It beat analyst’s earnings estimates by 24 cents and surpassed revenue expections by $4.63 million.

"In this uncertain environment, we delivered industry leading financial performance during our second quarter, including strong revenue and outstanding profitability," CEO Gary Smith said. "Our strategy, centered around innovation, diversification and global scale, has resulted in a resilient business capable of navigating challenging times and delivering strong shareholder value over the long term."

Total revenue was up from

88 Views    Omar Venerio    2020-06-04 21:46
Finisar, MongoDB and Ciena move on quarterly financial results

Shares of Finisar Corp.(FNSR) gained more than 1% on Thursday after the company posted first-quarter results. Revenue declined 10.2% from the prior-year quarter to $285.03 million, falling short of expectations by $20.8 million. The company posted earnings of 23 cents per share, missing estimates by 2 cents.

Revenue for datacom applications decreased almost 9% to $19.4 million due to a decline in VCSELs arrays for 3-D applications and lower demand for fibre channel transceivers. Further, sales for telecom applications declined 6.2% to $5.6 million.

Moreover, the gross profit was $85.3 million, up from $80.7 million, and total operating expenses declined

57 Views    Omar Venerio    2019-09-05 21:00
Ciena rises, Tailored Brands falls

Shares of Ciena Corp. (CIEN) jumped more than 7% on Thursday after the company posted fourth-quarter earnings of 53 cents per share on $899.36 million in revenue, a 20.8% year-over-year growth. The company beat earnings estimates by 5 cents and revenue expectations by $37.72 million.

"The combination of our innovation strength, successful interception of market trends and sustained ability to take share and outperform the market, along with a thriving industry environment, gives us tremendous confidence in both the near and longer term outlook for our business,”Â President and CEO Gary B. Smith said.

13 Views    Omar Venerio    2018-12-13 21:09
Michaels Companies, Campbell Soup, Ciena move on quarterly results

Shares of The Michaels Companies (MIK) fell more than 10% after reporting second-quarter earnings of 15 cents per share on $1.05 billion in revenue. While the crafting store beat earnings estimates, it fell $10 million short of revenue expectations.

Operating income was $74.3 million, compared to $88 million in the prior-year quarter. The gross profit declined as a result of higher distribution-related costs, increased promotional activity and occupancy cost deleverage.

Looking ahead to the third quarter, the company expects comparable store sales to increase 1.5% to 3%. Adjusted operating income is

28 Views    Omar Venerio    2018-08-30 20:17
Ciena surges on earnings beat

U.S. markets are set to open high on Tuesday as worries about a trade war start to calm down.

Shares of Ciena Corp. (CIEN) rose on the heels of the company reporting its financial results in the first quarter. The company posted an adjusted earnings per share of 15 cents. The company’s revenue of $646.14 million was also higher than the figure reported a year earlier by 4%. Moreover, Ciena managed to beat the EPS expectations by two cents, and $4.18 million in revenue.

In the first quarter, the company has repurchased 874,000 shares at an average price of $22.34

51 Views    Omar Venerio    2018-03-06 15:17
Dollar General, Ciena and Campbell Soup trade lower

The U.S. stock market opened higher, with the three main indexes in green. Regardless, some stocks have displayed strong downward movements.

Shares of Dollar General Corp. (DG) were down almost 5% in morning trading on the back of the company reporting earnings for its second quarter. EPS of $1.10 missed expectations by one cent, but revenue of $5.83 billion beat estimates of $5.8 billion and increased 8.2% year over year.

Ciena Corp. (CIEN) lost almost 10% after posting financial results for its fiscal third quarter. The company reported revenue of $728.7 million, a 9% increase year over year.

74 Views    Omar Venerio    2017-08-31 15:45
Guru stock highlight

Ciena (NYSE:CIEN), a leading manufacturer of optical equipment used in telecommunications networks, saw its stock climb 16.3% from $18.75 to $21.80, contributing 75 basis points to the Fund’s return. The company delivered strong revenue growth and gained market share, driven by higher spending from telecom companies. Ciena’s gross margin also exceeded expectations, reaching its highest level since 2010. We believe Ciena is well-positioned for future gains because of its expanding presence in data centers and international markets, as well as increased spending by telecom carriers.

From [url=]Jerome Dodson[/url] ([url=]Trades[/url], [url=]Portfolio[/url])'s Parnassus Fund third-quarter 2016 commentary.

390 Views    Holly LaFon    2016-11-01 16:23
Overview of market and holdings

As of September 30, 2016, the net asset value (“NAV”) of the Parnassus Fund – Investor Shares was $43.37, resulting in a gain of 8.97% for the third quarter. This compares to a gain of 3.83% for the S&P 500 Index (“S&P 500”) and a gain of 4.54% for the Lipper Multi-Cap Core Average, which represents the average return of the multi-cap core funds followed by Lipper (“Lipper average”). So we beat both benchmarks for the quarter. For the year-to-date, the Fund is up 7.19%, compared to a gain of 7.80% for the S&P 500 and 6.13% for the Lipper

645 Views    Holly LaFon    2016-11-01 16:17
Insiders at 4 companies sell their stock

According to GuruFocus Insider Data, these are the largest CEO sales during the past week: pSivida Corp., Equity Residential, Ciena Corp., Sabre Corp.

pSivida Corp. (PSDV): President and CEO Paul Ashton sold 120,000 shares

Ashton sold 120,000 shares on Dec. 22 at an average price of $5.39. pSivida Corp. was organized as a Delaware Corporation in March 2008. Psivida Corp. has a market cap of $128.550 million; its shares were traded at around $4.37 with and P/S ratio of 76.67.

pSivida Corp. announced its 2016 first fiscal quarter results. The company reported net sales of $466,000 and net loss

995 Views    alicet236    2015-12-28 09:15

It seems that diversification moves by network equipment maker Ciena (CIEN) have helped it over time. The company performed impressively in the last fiscal year. The company’s expansion strategy and its efforts to penetrate the market are a key reason behind its improvement. Further, with AT&T and Verizon as its top customers, Ciena sees bright opportunities in the future to gain traction.

Solid quarterly performance

Ciena’s financials were solid. Its quarterly revenue came in at $560 million, which is more than $507.7 million from last year. On a non-GAAP basis, the company reported net income of $19.4 million, which was

1015 Views    rusticnomad    2014-08-05 20:39

Ciena (CIEN) has at last left its weakness behind. The systems administration supplies organization was in troubled times several months back because of several factors. Dubious infrastructure spending, an analyst minimization, and negative vibes from industry bellwether and adversary Cisco (CSCO) hosed the mind-set in the industry, pressuring Ciena's shares. Presently, it has made a dynamite rebound.

Back with a blast

At the point when Ciena posted its second-quarter results in the first week of June, it shot up 18%. The organization's top and bottom lines thrashed analysts estimates comprehensively, and a sizzling viewpoint improved the situation further.


827 Views    sandyinvestment    2014-07-28 22:22

Telecom equipment company Ciena (CIEN) has been struggling. A disappointing performance by Ciena has led to a 20% drop in shares since late October, also driven by Cisco’s weak guidance in November. But can Ciena make a comeback, and is it a solid buy?

What gives?

Everything seems to be against Ciena as of now. The company is consistently falling, failing to live up to its outlook. With higher start-up costs, the company has failed to maintain its gross margin. Its gross margin fell by 280 basis points from last year. This impacted the company’s earnings as well. Its EPS

788 Views    jaggom    2014-06-24 22:18

Communications-equipment maker Ciena (CIEN) posted fantastic results recently. The stock performed well, posting growth in the revenue that topped the Street’s top line estimates. Though the company’s revenue was strong, still it posted earnings that failed to meet the Street’s estimates. However, the stock spiked 4% after Ciena came up with an upbeat outlook.

Let’s take a look at the quarter that went by and how the company might perform going forward.

Quarterly Overview

Ciena’s revenue fell 4% to $417 million in the quarter from last year. The weakness in revenue can be attributed to the fact that there

365 Views    jaggom    2014-05-29 15:35
Recently, the world's greatest speculator, [url=]George Soros[/url], initiated a new buy into one mid-cap stock, Ciena Corporation (CIEN). Actually, following GuruFocus data, [url=]Soros[/url] had been familiar with this stock since 2008. Some of the CIEN trades were profitable, and others realized a loss. For this year, his fund initiated a small long position since the first quarter of 2011 for am average price of $25 per share, then added significant amount for $11.24 and sold out the entire position in the third quarter for nearly $14 per share. [img][/img] (Source: GuruFocus) The buy was going against the massive insider trading
439 Views    Anh Hoang    2012-01-09 17:47
"Strike while the iron is hot," is the new catchphrase in Private Equity (PE) circles. Conditions are perfectly in place to do deals, and you can expect to hear of many more this winter. Just this week, [b]Yahoo! (YHOO)[/b], [b]Wendy's/Arby's (WEN)[/b] and [b]Seagate (STX)[/b]are surging on word that PE investors are sniffing around. This frenzy of potential deal-making comes as many public companies are cash-rich but undervalued. [See: "[url=]This Sector's Mountain of Cash Could Soon Line Your Pocket[/url]"] To pull off a deal the size of Yahoo! is no mean feat. The company's [url=]market value[/url] already exceeds $20 billion. Seagate,
3943 Views    guruek    2010-10-15 22:05
We can all be thankful for the remarkable rebound in the stock market, which has helped to rebuild many portfolios during the past 11 months. Stocks may power yet higher if the economy is indeed on the mend, but concerns remain that we’re due for another slowdown. In a time like this, you may as well stick with stocks that possess [url=]leverage[/url] to an economic upturn, but are likely to hold their own if the market cools off. You can find those “safe stocks” by looking for [url=]balance sheet[/url] strength. With its mountains of cash telecom equipment maker [b]Tellabs (TLAB)[/b]
3415 Views    guruek    2010-02-25 21:35

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