Valero (NYSE:VLO), CBOE Holdings (NASDAQ:CBOE), Texas Instruments (NYSE:TXN), Ciena (NASDAQ:CIEN), Target (NYSE:TGT) and Discover Financial (NYSE:DFS) had estimates adjusted by analysts.
Morgan Stanley (NYSE:MS) raised its estimates on Valero (VLO) estimatesthrough 2013. They have an "Equal-weight" rating and price target of $29 on the company.
BMO increased its estimates on CBOE Holdings (CBOE) through 2011. They reiterated a "Market Perform" rating and price target of $24 on the company.
JMP cut its estimates on Texas Instruments (TXN) through 2012. They have a "Market Perform" rating on the company.
Citigroup (NYSE:C) raised its estimates on Ciena (CIEN). They have a "Buy" rating and price target of $18 on the company.
JP Morgan (NYSE:JPM) lowered its estimates on Target (TGT). They have an "Overweight" rating and price target of $58 on the company.
Credit Suisse (NYSE:CS) boosted its estimates on Discover Financial (DFS) through 2013. They have a "Neutral" rating and price target of $28 on the company.
Showing posts with label CIENA. Show all posts
Showing posts with label CIENA. Show all posts
Friday, September 2, 2011
Wednesday, August 24, 2011
First Solar (FSLR) (COF) (BYI) (CIEN) (COBZ) Price Targets Changed
First Solar, Inc. (NASDAQ: FSLR), Capital One (NYSE: COF), Bally Technologies Inc. (NYSE: BYI), Ciena Corp. (NASDAQ: CIEN) and CoBiz Financial Inc (NASDAQ: COBZ) had price targets adjusted by analysts.
First Solar, Inc. (FSLR) had its price target lowered by Wunderlich from $118.00 to $95.00. They have a “Hold” rating on the company.
Capital One (COF) had its price target lowered by Stifel Nicolaus from $64.00 to $60.00. They have a “Buy” rating on the company.
Bally Technologies Inc. (BYI) had its price target lowered by Brean Murray from $51.00 to $43.00. They have a “Buy” rating on the company.
Ciena Corp. (CIEN) had its price target lowered by RBC Capital from $29.00 to $24.00. They have an “Outperform” rating on the company.
CoBiz Financial Inc. (COBZ) had its price target lowered by RBC Capital from $8.00 to $6.00. They have an “Outperform” rating on the company.
First Solar, Inc. (FSLR) had its price target lowered by Wunderlich from $118.00 to $95.00. They have a “Hold” rating on the company.
Capital One (COF) had its price target lowered by Stifel Nicolaus from $64.00 to $60.00. They have a “Buy” rating on the company.
Bally Technologies Inc. (BYI) had its price target lowered by Brean Murray from $51.00 to $43.00. They have a “Buy” rating on the company.
Ciena Corp. (CIEN) had its price target lowered by RBC Capital from $29.00 to $24.00. They have an “Outperform” rating on the company.
CoBiz Financial Inc. (COBZ) had its price target lowered by RBC Capital from $8.00 to $6.00. They have an “Outperform” rating on the company.
Monday, August 1, 2011
ADTRAN (ADTN) (AIG) (CIEN) (SONS) (XTEX) (VHS) Get New Coverage
ADTRAN, Inc. (NASDAQ: ADTN), American International Group, Inc. (NYSE: AIG), Ciena Corp. (NASDAQ: CIEN), Sonus Networks, Inc. (NASDAQ: SONS), Crosstex Energy LP (NASDAQ: XTEX) and Vanguard Health System (NYSE: VHS) getting new coverage from analysts.
Kaufman Brothers initiated coverage on ADTRAN, Inc. (ADTN). They placed a “Buy” rating and a price target of $50.00 on the company.
Citigroup (NYSE:C) initiated coverage on American International Group, Inc. (AIG). They placed a “Hold” rating and a price target of $33.00 on the company.
Kaufman Brothers initiated coverage on Ciena Corp. (CIEN). They placed a “Hold” rating and a price target of $17.00 on the company.
Kaufman Brothers initiated coverage on Sonus Networks, Inc. (SONS). They placed a “Hold” rating and a price target of $3.50 on the company.
Janney Montgomery Scott initiated coverage on Crosstex Energy LP (XTEX). They placed a “Buy” rating on the company.
Susquehanna Vanguard initiated coverage on Health System (VHS). They placed a “Positive” rating on the company.
Kaufman Brothers initiated coverage on ADTRAN, Inc. (ADTN). They placed a “Buy” rating and a price target of $50.00 on the company.
Citigroup (NYSE:C) initiated coverage on American International Group, Inc. (AIG). They placed a “Hold” rating and a price target of $33.00 on the company.
Kaufman Brothers initiated coverage on Ciena Corp. (CIEN). They placed a “Hold” rating and a price target of $17.00 on the company.
Kaufman Brothers initiated coverage on Sonus Networks, Inc. (SONS). They placed a “Hold” rating and a price target of $3.50 on the company.
Janney Montgomery Scott initiated coverage on Crosstex Energy LP (XTEX). They placed a “Buy” rating on the company.
Susquehanna Vanguard initiated coverage on Health System (VHS). They placed a “Positive” rating on the company.
Thursday, March 10, 2011
Finisar (FNSR), Ciena (CIEN), JDS Uniphase (JDSU), Oclaro (OCLR) Crunched Wednesday on Low Guidance
With the optical sector being extremely volatile, when one company announces something important, the rest usually will rise or fall on that news, as Ciena (NASDAQ:CIEN), JDS Uniphase (NASDAQ:JDSU) and Oclaro (NASDAQ:OCLR) did when Finisar (NASDAQ:FNSR) lowered their guidance recently.
Optical-networking companies got hit hard Wednesday, with Finisar Corp. (FNSR) leading the disaster. Finisar’s shares closed with a loss of $15.43,or 38.5%, at $24.61 in the heels of the company’s weaker-than-expected fourth-quarter forecast.
Finisar said it expects to earn 31 cents to 35 cents a share on revenue of $235 million to $250 million. Analysts surveyed by Thomson Reuters had forecast a profit of 48 cents a share on $268.6 million in sales for that quarter.
Oclaro closed Wednesday at $13.53, losing $3.09, or 18.59 percent. Ciena closed at $24.33, down $1.35, or 5.27 percent. JDS Uniphase closed at $21.14, plunging $4.24, or 16.71 percent. Finisar ended the session at $24.61, down $15.43, or 38.54 percent.
Optical-networking companies got hit hard Wednesday, with Finisar Corp. (FNSR) leading the disaster. Finisar’s shares closed with a loss of $15.43,or 38.5%, at $24.61 in the heels of the company’s weaker-than-expected fourth-quarter forecast.
Finisar said it expects to earn 31 cents to 35 cents a share on revenue of $235 million to $250 million. Analysts surveyed by Thomson Reuters had forecast a profit of 48 cents a share on $268.6 million in sales for that quarter.
Oclaro closed Wednesday at $13.53, losing $3.09, or 18.59 percent. Ciena closed at $24.33, down $1.35, or 5.27 percent. JDS Uniphase closed at $21.14, plunging $4.24, or 16.71 percent. Finisar ended the session at $24.61, down $15.43, or 38.54 percent.
Wednesday, March 9, 2011
Blood in the Streets for (JDSU) (OCLR) (OPLK) (CIEN) (INFN) After Finisar (FNSR) Earnings Warning
Shares of JDS Uniphase Corporation (Nasdaq:JDSU), Oclaro, Inc. (Nasdaq:OCLR), Oplink Communications Inc. (Nasdaq:OPLK), CIENA Corp. (Nasdaq:CIEN) and Infinera Corp. (Nasdaq:INFN) are getting crushed today on the weak earnings guidance of Finisar Corp. (Nasdaq:FNSR).
While the third quarter results of Finisar were in line with expectations, its fourth quarter earnings guidance of $0.31-$0.35 was so far below analyst estimates of $0.48 a share that it spoke of probably sector problems.
Finisar said, "the Company will be impacted by the full three months of the annual price negotiations with telecom customers that typically take effect on January 1, the 10-day long shutdown at certain customers for Chinese New Year in February, the adjustment of inventory levels at some telecom customers, particularly for products which had previously been on allocation and long lead times, including WSS and ROADM line cards, and a slowdown in business in China overall."
JDS Uniphase Corporation was trading at $22.31, falling $3.07, or 12.10 percent, as of 11:48 AM EST. Oclaro was at $13.86, dropping $2.76, or 16.61 percent. Infinera Corp. was at $8.15, down $0.20, or 2.40 percent, recovering some from earlier in the session. CIENA Corp. was trading at $24.75, losing $0.93, or 3.63 percent. Oplink Communications Inc. was down to $21.79, plunging $3.83, or 14.95 percent. Finisar was getting crushed at $25.67, down $14.37, or 35.89 percent.
While the third quarter results of Finisar were in line with expectations, its fourth quarter earnings guidance of $0.31-$0.35 was so far below analyst estimates of $0.48 a share that it spoke of probably sector problems.
Finisar said, "the Company will be impacted by the full three months of the annual price negotiations with telecom customers that typically take effect on January 1, the 10-day long shutdown at certain customers for Chinese New Year in February, the adjustment of inventory levels at some telecom customers, particularly for products which had previously been on allocation and long lead times, including WSS and ROADM line cards, and a slowdown in business in China overall."
JDS Uniphase Corporation was trading at $22.31, falling $3.07, or 12.10 percent, as of 11:48 AM EST. Oclaro was at $13.86, dropping $2.76, or 16.61 percent. Infinera Corp. was at $8.15, down $0.20, or 2.40 percent, recovering some from earlier in the session. CIENA Corp. was trading at $24.75, losing $0.93, or 3.63 percent. Oplink Communications Inc. was down to $21.79, plunging $3.83, or 14.95 percent. Finisar was getting crushed at $25.67, down $14.37, or 35.89 percent.
Tuesday, March 8, 2011
Broadcom (BRCM), Micron (MU), Nvidia (NVDA), Ciena (CIEN) Dragged Down on Weak Semi Day
Broadcom (BRCM), Micron Technology (NASDAQ:MU), Nvidia (NASDAQ:NVDA) and Ciena (NASDAQ:CIEN) were all dragged down with the overall sector, as Wells Fargo (NYSE:WFC) downgraded the overall semiconductor sector from "Overweight" to "Market Weight."
Other tech stocks falling were AMD (NYSE:AMD) and Intel (NASDAQ:INTC).
The worst performer was Ciena, which in addition to the overall sector weakness, gave disappointing guidance. The company closed at $25.98, down $2.83, or 9.82 percent.
Good news in the sector was a unique event in which Western Digital (NYSE:WDC) announced they were acquiring Hitachi Global Storage Technologies (AMEX:GST) for 4.3 billion. Western Digital closed at $34.68, gaining $4.67, or 15.56 percent.
Other tech stocks falling were AMD (NYSE:AMD) and Intel (NASDAQ:INTC).
The worst performer was Ciena, which in addition to the overall sector weakness, gave disappointing guidance. The company closed at $25.98, down $2.83, or 9.82 percent.
Good news in the sector was a unique event in which Western Digital (NYSE:WDC) announced they were acquiring Hitachi Global Storage Technologies (AMEX:GST) for 4.3 billion. Western Digital closed at $34.68, gaining $4.67, or 15.56 percent.
Monday, March 7, 2011
Casey’s (CASY), Ciena (CIEN), Urban Outfitters (URBN) Attracting Traders Today
Casey’s (NASDAQ:CASY), Ciena (NASDAQ:CIEN), Urban Outfitters (NASDAQ:URBN) are expected to attract a lot of activity today, as all are to report earnings, with Urban Outfitters and Casey’s General Stores expected to be in positive territory, while Ciena is expected to take a big hit.
Ciena (NASDAQ:CIEN) is estimated to report a loss of 16 cents a share in the fiscal first quarter.
Urban Outfitters (NASDAQ:URBN) should report fourth-quarter earnings of 52 cents a share, according to analysts surveyed by FactSet Research.
Casey’s (NASDAQ:CASY) is projected to post earnings of 50 cents a share in the fiscal third quarter.
Ciena closed Friday at $28.81, up $0.10, or 0.35 percent. Casey's closed at $41.10, gaining $0.24, or 0.59 percent. Urban closed at $38.50, up $0.18, or 0.47 percent.
Ciena (NASDAQ:CIEN) is estimated to report a loss of 16 cents a share in the fiscal first quarter.
Urban Outfitters (NASDAQ:URBN) should report fourth-quarter earnings of 52 cents a share, according to analysts surveyed by FactSet Research.
Casey’s (NASDAQ:CASY) is projected to post earnings of 50 cents a share in the fiscal third quarter.
Ciena closed Friday at $28.81, up $0.10, or 0.35 percent. Casey's closed at $41.10, gaining $0.24, or 0.59 percent. Urban closed at $38.50, up $0.18, or 0.47 percent.
Monday, February 7, 2011
Ciena (NASDAQ:CIEN) Reaches Another High Today
Now that Ciena (NASDAQ:CIEN) has reached another high today, it could be time for investors to re-access their strategy with the company, as it's been moving up fast; too fast.
On Friday the provider of equipment which helps Internet congestion relief, jumped 15 percent, and today again moved to a 52-week high, although it has pulled back some in mid-day trading.
In the last couple of months the share price has doubled, also making it better to tighten things up as the stock could be ready for a healthy correction.
The recent surge in share price for Ciena came in response to JDS Uniphase Corporation (Nasdaq:JDSU) big quarter. That's important because JDSU provides companies like Ciena the components used to battle Web congestion. If they're seeing strong growth in demand, the assumption is that's because companies like Ciena are also seeing strong growth in demand.
With growing pressure on the Internet, Ciena should be a good long-term play, but with its recent run-up in share price, it may be time to take a breather and wait for dips.
Ciena was trading at $26.92, up $0.02, or 0.07 percent, as of 1:05 PM EST.
On Friday the provider of equipment which helps Internet congestion relief, jumped 15 percent, and today again moved to a 52-week high, although it has pulled back some in mid-day trading.
In the last couple of months the share price has doubled, also making it better to tighten things up as the stock could be ready for a healthy correction.
The recent surge in share price for Ciena came in response to JDS Uniphase Corporation (Nasdaq:JDSU) big quarter. That's important because JDSU provides companies like Ciena the components used to battle Web congestion. If they're seeing strong growth in demand, the assumption is that's because companies like Ciena are also seeing strong growth in demand.
With growing pressure on the Internet, Ciena should be a good long-term play, but with its recent run-up in share price, it may be time to take a breather and wait for dips.
Ciena was trading at $26.92, up $0.02, or 0.07 percent, as of 1:05 PM EST.
Tuesday, February 1, 2011
Ciena (Nasdaq:CIEN) Downgraded on Nortel Acquisitions
Shares of Ciena (Nasdaq:CIEN) plunged after they were downgraded by (NYSE:UBS), based on the acquisition of Nortel assets which are expected to pressure margins.
The reasoning by UBS was Ciena "is now a broad-based optical equipment company less tied to individual product cycles as in the past."
In order for the shares of Ciena to rise, UBS said to push shares higher.
UBS downgraded Ciena (CIEN) to a "Sell" rating. Ciena closed Monday at $22.03, losing $1.47, or 6.26 percent. UBS has a price target on Ciena of $19.
The reasoning by UBS was Ciena "is now a broad-based optical equipment company less tied to individual product cycles as in the past."
In order for the shares of Ciena to rise, UBS said to push shares higher.
UBS downgraded Ciena (CIEN) to a "Sell" rating. Ciena closed Monday at $22.03, losing $1.47, or 6.26 percent. UBS has a price target on Ciena of $19.
Wednesday, January 19, 2011
CIENA (NASDAQ:CIEN) Confident 2011 Guidance Milestone for 2012
While they believe there is more upside for CIENA (NASDAQ:CIEN) in 2011 and 2012, Barclays see the share price of the company starting to reflect the upside.
Barclays says, "We believe EPS leverage remains, but the shares are starting to reflect the upside: We believe Ciena is increasingly confident its 2011 guidance will prove only milestones ahead of higher targets in 2012. We retain our high-end estimates and boost our multiple on improving visibility - though are cognizant much upside may be priced in...Rising visibility allows our multiple to rise to 23x FY12E EPS of $1.20. Our upside EPS of $1.60 (18% sales growth, 12% operating margins) implies an 18x multiple in our $28 price target...We expect Ciena's share price appreciation to slow following a strong run and string of catalysts."
Barclays reiterates an "Overweight" rating on CIENA (CIEN), which closed Tuesday at $25.49, up $0.16, or 0.63 percent. Barclays boosted their price target on CIENA from $22 to $28.
Barclays says, "We believe EPS leverage remains, but the shares are starting to reflect the upside: We believe Ciena is increasingly confident its 2011 guidance will prove only milestones ahead of higher targets in 2012. We retain our high-end estimates and boost our multiple on improving visibility - though are cognizant much upside may be priced in...Rising visibility allows our multiple to rise to 23x FY12E EPS of $1.20. Our upside EPS of $1.60 (18% sales growth, 12% operating margins) implies an 18x multiple in our $28 price target...We expect Ciena's share price appreciation to slow following a strong run and string of catalysts."
Barclays reiterates an "Overweight" rating on CIENA (CIEN), which closed Tuesday at $25.49, up $0.16, or 0.63 percent. Barclays boosted their price target on CIENA from $22 to $28.
Friday, January 7, 2011
Nvidia (Nasdaq:NVDA), ARM (Nasdaq:ARMH), Marvell (Nasdaq:MRVL), JDS Uniphase (Nasdaq:JDSU), Dell (Nasdaq:DELL), Ciena (Nasdaq:CIEN), Microsoft (Nasdaq:MSFT) All Up on CES Boost
The Consumer Electronics Show has given tech stocks like Nvidia (Nasdaq:NVDA), ARM (Nasdaq:ARMH), Marvell (Nasdaq:MRVL), JDS Uniphase (Nasdaq:JDSU), Dell (Nasdaq:DELL), Ciena (Nasdaq:CIEN) and Microsoft (Nasdaq:MSFT) a nice boost, as the overall sector rose on the excitement generated from the show.
As far as some of the substance, one of those creating a lot of buzz was the announcement that Nvidia Corp. would be partnering with ARM Holdings to develop central processors for PCs, a direct challenge to Intel Corp. (Nasdaq:INTC). While it's not a short-term play, it did generate a lot of talk.
One of the huge products of the Christmas season was Microsoft's Kinect, which CEO Steve Ballmer said in a keynote address that the company had sold about 8 million units since November. Ballmer also revealed plans to expand Windows operating system platform reach.
Ciena closed Thursday at $23.99, gaining $1.06, or 4.62 percent. Dell closed at $14.26, up $0.39, or 2.81 percent. JDS Uniphase ended the session at $16.04, increasing $1.01, or 6.72 percent. Marvell closed the day at $19.56, up $1.00, or 5.39 percent. ARM closed at $21.78 down $0.10, or 0.46 percent, plunging after opening high. Nvidia soared to $19.33, gaining $2.35, or 13.84 percent. Microsoft closed at $28.82, up $0.82, or 2.93 percent.
As far as some of the substance, one of those creating a lot of buzz was the announcement that Nvidia Corp. would be partnering with ARM Holdings to develop central processors for PCs, a direct challenge to Intel Corp. (Nasdaq:INTC). While it's not a short-term play, it did generate a lot of talk.
One of the huge products of the Christmas season was Microsoft's Kinect, which CEO Steve Ballmer said in a keynote address that the company had sold about 8 million units since November. Ballmer also revealed plans to expand Windows operating system platform reach.
Ciena closed Thursday at $23.99, gaining $1.06, or 4.62 percent. Dell closed at $14.26, up $0.39, or 2.81 percent. JDS Uniphase ended the session at $16.04, increasing $1.01, or 6.72 percent. Marvell closed the day at $19.56, up $1.00, or 5.39 percent. ARM closed at $21.78 down $0.10, or 0.46 percent, plunging after opening high. Nvidia soared to $19.33, gaining $2.35, or 13.84 percent. Microsoft closed at $28.82, up $0.82, or 2.93 percent.
Tuesday, December 14, 2010
CIENA (NASDAQ:CIEN) Still Weighed Down by Nortel Deal
For a reason not justified by the performance of CIENA (NASDAQ:CIEN), Jefferies remains somewhat positive on the outlook even though the Nortel deal continues to weigh on them and they're having difficulty bringing costs under control.
Jefferies said, "Despite management's enthusiasm on the company's top line momentum and operating leverage, our long-term concerns around the acquisition persist."
EPS estimates for full year 2011 were lowered to $0.22 from $0.00. For full year 2012 they has an EPS estimate of $0.50 on them, with revenue of $1.86 billion.
Ciena closed Monday at $19.08, down $0.13, or 0.69 percent. Jefferies raised their price target on them from $10.25 to $13.
Jefferies said, "Despite management's enthusiasm on the company's top line momentum and operating leverage, our long-term concerns around the acquisition persist."
EPS estimates for full year 2011 were lowered to $0.22 from $0.00. For full year 2012 they has an EPS estimate of $0.50 on them, with revenue of $1.86 billion.
Ciena closed Monday at $19.08, down $0.13, or 0.69 percent. Jefferies raised their price target on them from $10.25 to $13.
Monday, December 13, 2010
CIENA (NASDAQ:CIEN), Finisar (Nasdaq:FNSR), Oclaro (Nasdaq:OCLR) PTs Raised by Miller Tabak
Citing the strong performance of Ciena (NASDAQ:CIEN) in the last quarter, Miller Tabak raised their price target on them, along with peers Finisar (Nasdaq:FNSR) and Oclaro (Nasdaq:OCLR).
For Ciena, Miller Tabak also upwardly changed their EPS and revenue estimates for full year 2011 and 2012. The new numbers are $0.12/$1.85 billion and $1.30/$2.3 billion from $0.50/$1.79M billion and $1.25/$2.1 billion.
Ciena closed Friday at $19.21, up $0.85, or 4.63 percent. The price target on them was raised from $20 to $22. Miller maintains a "Buy" rating on them.
Finisar closed at $25.33, up $0.19, or 0.76 percent. The price target on them was raised by Miller Tabak from $27 to $35.
Oclaro closed at $12.65, up $0.60, or 4.96 percent. Their price target was raised from $16 to $20.
For Ciena, Miller Tabak also upwardly changed their EPS and revenue estimates for full year 2011 and 2012. The new numbers are $0.12/$1.85 billion and $1.30/$2.3 billion from $0.50/$1.79M billion and $1.25/$2.1 billion.
Ciena closed Friday at $19.21, up $0.85, or 4.63 percent. The price target on them was raised from $20 to $22. Miller maintains a "Buy" rating on them.
Finisar closed at $25.33, up $0.19, or 0.76 percent. The price target on them was raised by Miller Tabak from $27 to $35.
Oclaro closed at $12.65, up $0.60, or 4.96 percent. Their price target was raised from $16 to $20.
Friday, November 26, 2010
CIENA (NASDAQ:CIEN) Nortel MEN Revenue Uncertainty Concerns Analysts
The inability to get a firm grip on the actual run rate of revenues for the Nortel MEN group makes the stock a hard one to call, according to Auriga, which lowered earnings estimates on the company, while maintaining a "Hold" rating on them.
Auriga said, "Despite the near-term hurdles with respect to the macro environment and the pending launch of the 5400 platform, we recognize that successful integration of the Nortel assets is far more important to the stock. Given that our proprietary checks continue to suggest solid execution on this front, we are tempted to get more constructive on the name. However, we worry that a top-line reset may create significant pressure on the stock. Lack of visibility on the "true" run rate of revenues for the Nortel MEN group makes CIEN a challenging stock call."
Auriga also said they see the company reporting lower than estimated earnings in their next quarterly report.
Ciena closed Wednesday at $15.48, gaining $0.26, or 1.71 percent. Auriga has a price target of $14 on them.
Auriga said, "Despite the near-term hurdles with respect to the macro environment and the pending launch of the 5400 platform, we recognize that successful integration of the Nortel assets is far more important to the stock. Given that our proprietary checks continue to suggest solid execution on this front, we are tempted to get more constructive on the name. However, we worry that a top-line reset may create significant pressure on the stock. Lack of visibility on the "true" run rate of revenues for the Nortel MEN group makes CIEN a challenging stock call."
Auriga also said they see the company reporting lower than estimated earnings in their next quarterly report.
Ciena closed Wednesday at $15.48, gaining $0.26, or 1.71 percent. Auriga has a price target of $14 on them.
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