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MKM Partners Reiterates On Ciena

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Ciena (NASDAQ: CIEN) is scheduled to report third quarter results before the open on September 4. MKM Partners is expecting upbeat earnings and guidance in line or slightly better than consensus.

The firm's EPS estimate of $0.25 is below consensus of $0.28 because of increased share count, while revenue expectation of $603 million is $2 million above the consensus.

MKM reiterated its Buy rating, with a $28 12-month price target (based on 18 times their FY15 EPS forecast.)

Shares of Cena closed at $20.60, down 0.68 percent.

Latest Ratings for CIEN

DateFirmActionFromTo
Jan 2017UBSInitiates Coverage OnBuy
Dec 2016PiperJaffrayInitiates Coverage OnOverweight
Nov 2016Deutsche BankUpgradesHoldBuy

View More Analyst Ratings for CIEN
View the Latest Analyst Ratings

Posted-In: MKM PartnersPrice Target Reiteration Analyst Ratings

 

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