$0.76 EPS Expected for On Assignment, Inc. (ASGN); Shannon River Fund Management Has Trimmed Ciena (CIEN) Position By $5.21 Million

January 14, 2018 - By Peter Erickson

Shannon River Fund Management Llc decreased Ciena Corp (CIEN) stake by 49.71% reported in 2017Q3 SEC filing. Shannon River Fund Management Llc sold 248,045 shares as Ciena Corp (CIEN)’s stock declined 10.35%. The Shannon River Fund Management Llc holds 250,953 shares with $5.51M value, down from 498,998 last quarter. Ciena Corp now has $3.15 billion valuation. The stock increased 0.27% or $0.06 during the last trading session, reaching $21.94. About 1.87 million shares traded. Ciena Corporation (NYSE:CIEN) has risen 44.43% since January 14, 2017 and is uptrending. It has outperformed by 27.73% the S&P500.

Analysts expect On Assignment, Inc. (NYSE:ASGN) to report $0.76 EPS on February, 13.They anticipate $0.12 EPS change or 18.75% from last quarter’s $0.64 EPS. ASGN’s profit would be $39.54M giving it 21.90 P/E if the $0.76 EPS is correct. After having $0.83 EPS previously, On Assignment, Inc.’s analysts see -8.43% EPS growth. The stock decreased 0.46% or $0.31 during the last trading session, reaching $66.59. About 130,501 shares traded. On Assignment, Inc. (NYSE:ASGN) has risen 41.91% since January 14, 2017 and is uptrending. It has outperformed by 25.21% the S&P500.

Investors sentiment decreased to 1 in Q3 2017. Its down 0.26, from 1.26 in 2017Q2. It fall, as 46 investors sold CIEN shares while 79 reduced holdings. 31 funds opened positions while 94 raised stakes. 148.04 million shares or 3.07% more from 143.63 million shares in 2017Q2 were reported. Broadview Advisors Ltd Llc reported 609,800 shares stake. Macquarie Grp Incorporated has 0% invested in Ciena Corporation (NYSE:CIEN) for 107,134 shares. Raymond James Serv Advisors Inc owns 25,488 shares. Glenmede Tru Na holds 0% in Ciena Corporation (NYSE:CIEN) or 13,364 shares. Delaware-based Riverhead Capital Limited Liability has invested 0.01% in Ciena Corporation (NYSE:CIEN). Capstone Advisors Limited Liability Com has invested 0.01% in Ciena Corporation (NYSE:CIEN). Gemmer Asset Ltd accumulated 313 shares. Moreover, First Personal Fincl Services has 0.01% invested in Ciena Corporation (NYSE:CIEN) for 2,302 shares. Amer International Group Inc reported 384,658 shares. 2.16M were reported by Price T Rowe Associates Md. Polar Asset invested in 0.22% or 492,028 shares. Fifth Third Retail Bank has invested 0% in Ciena Corporation (NYSE:CIEN). Fil Limited holds 0.18% of its portfolio in Ciena Corporation (NYSE:CIEN) for 2.79 million shares. Louisiana State Employees Retirement Sys has invested 0.04% in Ciena Corporation (NYSE:CIEN). Amalgamated Bancorporation has invested 0.01% in Ciena Corporation (NYSE:CIEN).

Since August 10, 2017, it had 0 insider purchases, and 43 selling transactions for $2.94 million activity. FRODSHAM JAMES had sold 2,000 shares worth $48,900 on Tuesday, August 15. The insider MOYLAN JAMES E JR sold 2,000 shares worth $49,300. $53,275 worth of Ciena Corporation (NYSE:CIEN) was sold by ALEXANDER STEPHEN B. 1,000 shares were sold by McFeely Scott, worth $21,509 on Monday, October 16. PETRIK ANDREW C also sold $12,538 worth of Ciena Corporation (NYSE:CIEN) on Thursday, September 21. Shares for $43,115 were sold by Rothenstein David M on Monday, October 16. On Wednesday, September 27 the insider SMITH GARY B sold $176,224.

Analysts await Ciena Corporation (NYSE:CIEN) to report earnings on March, 14. They expect $0.07 EPS, down 61.11% or $0.11 from last year’s $0.18 per share. CIEN’s profit will be $10.06 million for 78.36 P/E if the $0.07 EPS becomes a reality. After $0.40 actual EPS reported by Ciena Corporation for the previous quarter, Wall Street now forecasts -82.50% negative EPS growth.

Among 23 analysts covering Ciena (NYSE:CIEN), 19 have Buy rating, 0 Sell and 4 Hold. Therefore 83% are positive. Ciena had 79 analyst reports since August 18, 2015 according to SRatingsIntel. The stock of Ciena Corporation (NYSE:CIEN) earned “Hold” rating by Citigroup on Thursday, August 25. Drexel Hamilton initiated Ciena Corporation (NYSE:CIEN) on Friday, April 8 with “Buy” rating. Jefferies maintained the stock with “Buy” rating in Monday, August 21 report. The stock has “Neutral” rating by Citigroup on Wednesday, January 27. On Thursday, December 10 the stock rating was upgraded by Northland Capital to “Outperform”. The stock has “Neutral” rating by PiperJaffray on Friday, December 8. BMO Capital Markets maintained it with “Buy” rating and $30 target in Friday, April 28 report. The rating was maintained by BMO Capital Markets with “Outperform” on Friday, September 1. The rating was maintained by Citigroup with “Neutral” on Friday, June 3. The firm has “Buy” rating given on Friday, December 8 by UBS.

Since October 10, 2017, it had 0 buys, and 6 insider sales for $16.35 million activity. Veatch Jeffrey E. sold $85,139 worth of On Assignment, Inc. (NYSE:ASGN) on Tuesday, October 10. BLAZER RANDOLPH C had sold 10,000 shares worth $596,727 on Friday, October 27. Callaghan Brian J. sold 20,250 shares worth $1.20M.

Investors sentiment increased to 1.05 in Q3 2017. Its up 0.07, from 0.98 in 2017Q2. It increased, as 15 investors sold On Assignment, Inc. shares while 71 reduced holdings. 29 funds opened positions while 61 raised stakes. 45.80 million shares or 1.59% less from 46.54 million shares in 2017Q2 were reported. 9,838 were accumulated by State Of Alaska Department Of Revenue. Fuller And Thaler Asset Mngmt reported 1,000 shares. 42,329 are held by Sei Invests Com. Deutsche Comml Bank Ag has invested 0.01% in On Assignment, Inc. (NYSE:ASGN). Bessemer Gp owns 589 shares or 0% of their US portfolio. Ameriprise Finance owns 472,479 shares. Bankshares Of Montreal Can has 3,642 shares. Ig Mngmt reported 0.01% of its portfolio in On Assignment, Inc. (NYSE:ASGN). Metropolitan Life Insurance New York stated it has 0.01% of its portfolio in On Assignment, Inc. (NYSE:ASGN). Blair William & Il has 50,415 shares. New York-based Qs Limited has invested 0% in On Assignment, Inc. (NYSE:ASGN). Pennsylvania-based Snow Cap Management Lp has invested 0.18% in On Assignment, Inc. (NYSE:ASGN). Cim Inv Mangement holds 0.25% or 12,980 shares in its portfolio. Regions Financial Corporation owns 12,902 shares. Mason Street Advsr Ltd Liability Company holds 0.02% or 12,571 shares in its portfolio.

Among 7 analysts covering On Assignment Inc (NYSE:ASGN), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. On Assignment Inc had 26 analyst reports since October 29, 2015 according to SRatingsIntel. The stock of On Assignment, Inc. (NYSE:ASGN) has “Buy” rating given on Tuesday, July 11 by BMO Capital Markets. The stock of On Assignment, Inc. (NYSE:ASGN) earned “Outperform” rating by BMO Capital Markets on Friday, November 10. The company was maintained on Thursday, July 27 by RBC Capital Markets. The firm has “Market Outperform” rating given on Thursday, February 18 by Avondale. Deutsche Bank maintained On Assignment, Inc. (NYSE:ASGN) rating on Thursday, October 26. Deutsche Bank has “Buy” rating and $60 target. The stock has “Buy” rating by SunTrust on Thursday, December 7. The company was upgraded on Wednesday, February 15 by Avondale. RBC Capital Markets maintained it with “Buy” rating and $63.0 target in Monday, November 20 report. The stock of On Assignment, Inc. (NYSE:ASGN) has “Outperform” rating given on Thursday, April 27 by RBC Capital Markets. Avondale downgraded the shares of ASGN in report on Monday, December 19 to “Mkt Perform” rating.

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