Ciena (CIEN) Given Media Sentiment Score of 0.13

News headlines about Ciena (NYSE:CIEN) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ciena earned a news impact score of 0.13 on Accern’s scale. Accern also gave news headlines about the communications equipment provider an impact score of 44.7079508730501 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the news headlines that may have effected Accern’s rankings:

Ciena (NYSE CIEN) opened at $21.85 on Friday. Ciena has a fifty-two week low of $19.40 and a fifty-two week high of $27.98. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.93 and a quick ratio of 1.68. The firm has a market cap of $3,140.00, a price-to-earnings ratio of 3.16, a P/E/G ratio of 1.46 and a beta of 1.67.

Ciena (NYSE:CIEN) last posted its earnings results on Thursday, December 7th. The communications equipment provider reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.04). Ciena had a net margin of 45.04% and a return on equity of 18.32%. The business had revenue of $744.40 million during the quarter, compared to analysts’ expectations of $736.91 million. During the same period last year, the business posted $0.44 earnings per share. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. research analysts predict that Ciena will post 1 EPS for the current year.

Ciena declared that its board has authorized a share repurchase plan on Thursday, December 7th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the communications equipment provider to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

A number of research firms have commented on CIEN. MKM Partners restated a “buy” rating and set a $30.00 target price on shares of Ciena in a research note on Tuesday, September 26th. Needham & Company LLC reiterated a “buy” rating and set a $28.00 price objective (down previously from $31.00) on shares of Ciena in a research report on Monday, September 25th. Stifel Nicolaus reiterated a “buy” rating and set a $30.00 price objective on shares of Ciena in a research report on Tuesday, September 26th. Goldman Sachs Group upgraded shares of Ciena from a “neutral” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Monday, January 15th. Finally, Zacks Investment Research cut shares of Ciena from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, three have given a hold rating and twenty have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $28.48.

In other Ciena news, VP David M. Rothenstein sold 2,000 shares of Ciena stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $22.75, for a total transaction of $45,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gary B. Smith sold 113,735 shares of Ciena stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $21.22, for a total transaction of $2,413,456.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 218,217 shares of company stock valued at $4,636,005. 1.45% of the stock is currently owned by insiders.

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About Ciena

Ciena Corporation is a network strategy and technology company, which provides solutions that enable a range of network operators to adopt communication architectures and deliver an array of services, relied upon by enterprise and consumer end users. It provides equipment, software and services that support the transport, switching, aggregation, service delivery and management of voice, video and data traffic on communications networks.

Insider Buying and Selling by Quarter for Ciena (NYSE:CIEN)

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