The shares of Ciena Corporation (NYSE:CIEN) has been pegged with a rating of Outperform by Northland Capital in its latest research note that was published on April 15th, 2019. The research company has also assigned a $42 price target. Northland Capital wasnâ€™t the only research firm that published a report of Ciena Corporation, with other equities research analysts also giving their opinion on the stock. Dougherty & Company advised investors in its research note published on March 6th, 2019, to Buy the CIEN stock while also putting a $50 price target. The stock had earned Buy rating from B. Riley FBR when it published its report on March 6th, 2019. That day the B. Riley FBR set price target on the stock to $48. The stock was given Neutral rating by BofA/Merrill in its report released on January 30th, 2019. Dougherty & Company was of a view that CIEN is Buy in its latest report on December 14th, 2018 while giving it a price target of $40. B. Riley FBR thinks that CIEN is worth Buy rating. This was contained in the firmâ€™s report on December 14th, 2018 in which the stockâ€™s price target was also moved to $42.50.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 8 believe it has the potential for further growth, thus rating it as Hold while 5 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $43.56. The price of the stock the last time has raised by 68.33% from its Week high price while it is raised higher than its 52-Week low price. A look at the stockâ€™s other technical shows that its 14-day RSI now stands at 55.13.
The shares of the company added by 0.78% during the trading session on Tuesday, reaching a low of $38.50 while ending the day at $38.70. During the trading session, a total of 2.68 million shares were traded which represents a -3.81% decline from the average session volume which is 2.58M shares. CIEN had ended its last session trading at 38.40. Ciena Corporation currently has a market cap of $6.06B, while its P/E ratio stands at 28.69, while its P/E earnings growth sits at 1.88, with a beta of 1.02. Ciena Corporation debt-to-equity ratio currently stands at 0.34, while its quick ratio hovers at 2.50. CIEN 52-week low price stands at $22.99 while its 52-week high price is $45.70.
The company in its last quarterly report recorded $0.33 earnings per share which is above the $0.30 predicted by most analysts. The Ciena Corporation generated $778.53 million in revenue during the last quarter, which is slightly higher than the $760.66 million predicted by analysts. In the second quarter last year, the firm recorded $0.53 earnings per share. Compared to the same quarter last year, the firmâ€™s revenue was down by -60.61%. Ciena Corporation has the potential to record 1.35 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Keefe Bruyette published a research note on April 4th, 2019 where it informed investors and clients that Fifth Third Bancorp (NASDAQ:FITB) is now rated as Outperform. Their price target on the stock stands at $32. Dougherty & Company also rated FITB as Reiterated on March 6th, 2019, with its price target of $50 suggesting that FITB could surge by 8.03% from its current share price. Even though the stock has been trading at $27.13/share, analysts expect it to surge higher by 2.21% to reach $30.15/share. It started the day trading at $27.81 and traded between $27.04 and $27.73 throughout the trading session.
A look at its technical shows that FITBâ€™s 50-day SMA is 26.89 while its 200-day SMA stands at 27.41. The stock has a high of $34.67 for the year while the low is $22.12. The companyâ€™s P/E ratio currently sits at 9.11, while the P/B ratio is 1.21. At the moment, only of Fifth Third Bancorp shares were sold short. The companyâ€™s average trading volume currently stands at 7.99M shares, which means that the short-interest ratio is just 2.43 days. Over the past seven days, the company moved, with its shift of 4.92%. Looking further, the stock has raised 8.92% over the past 90 days while it gained 3.32% over the last six months.
The change in the stockâ€™s fortunes has led to several institutional investors altering their holdings of the stock. T Rowe Price Associates Inc bought more FITB shares, increasing its portfolio by +20.52% during the last quarter. This move now sees T Rowe Price Associates Inc purchasing 11,738,253 shares in the last quarter, thus it now holds 68,931,490 shares of FITB, with a total valuation of $1,738,452,178. The Vanguard Group Inc meanwhile bought more FITB shares in the recently filed quarter, changing its stake to $1,583,029,666 worth of shares. BlackRock Fund Advisors followed the path by increasing its FITB portfolio by +1.54% in the quarter. This means that BlackRock Fund Advisors bought 617,056 shares in the last quarter and now controls 40,813,980 shares of the FITB stock, with the valuation hitting $1,029,328,576.
Similarly, Invesco Advisers Inc decreased its Fifth Third Bancorp shares by -10.92% during the recently filed quarter. After selling -3,276,260 shares in the last quarter, the firm now controls 26,736,676 shares of Fifth Third Bancorp which are valued at $674,298,969. In the same vein, Sanders Capital LLC increased its Fifth Third Bancorp shares by during the most recent reported quarter. The firm bought 6,653,168 shares during the quarter which increased its stakes to 17,818,885 shares and is now valued at $449,392,280. Following these latest developments, around 0.30% of Fifth Third Bancorp stocks are owned by institutional investors and hedge funds.