Obermeyer Wood Investment Counsel Lllp Has Boosted Liberty Interactive (QVCA) Position By $779,355; Ciena Has 1 Sentiment

January 11, 2018 - By Clifton Ray

Ciena Corporation provides equipment, software, and services that support the transport, switching, aggregation, service delivery, and management of voice, video, and data traffic on communications networks worldwide. The company has market cap of $3.13 billion. The companyÂ’s Networking Platforms segment offers hardware networking solutions optimized for the convergence of coherent optical transport, optical transport network switching, and packet switching. It has a 2.89 P/E ratio. The Company’s products include 6500 Packet-Optical Platform and the 5430 Reconfigurable Switching System, Waveserver stackable interconnect system, CoreDirector Multiservice Optical Switches, and OTN configuration for the 5410 Reconfigurable Switching System, as well as Z-Series Packet-Optical Platform; 3000 family of service delivery switches and service aggregation switches, and the 5000 family of service aggregation switches, as well as 8700 Packetwave Platform and the Ethernet packet configuration for the 5410 Service Aggregation Switch; and 4200 Advanced Services Platform, Corestream 5100/5200 Advanced Services Platform, Common Photonic Layer, and 6100 Multiservice Optical Platform.

Obermeyer Wood Investment Counsel Lllp increased Liberty Interactive Corp (QVCA) stake by 2.6% reported in 2017Q3 SEC filing. Obermeyer Wood Investment Counsel Lllp acquired 33,885 shares as Liberty Interactive Corp (QVCA)’s stock rose 23.01%. The Obermeyer Wood Investment Counsel Lllp holds 1.34M shares with $31.54 million value, up from 1.30M last quarter. Liberty Interactive Corp now has $12.78 billion valuation. The stock increased 0.99% or $0.26 during the last trading session, reaching $26.41. About 390,669 shares traded. QVC Group (NASDAQ:QVCA) has declined 6.46% since January 11, 2017 and is downtrending. It has underperformed by 23.16% the S&P500.

Since January 1, 0001, it had 0 insider purchases, and 43 selling transactions for $2.94 million activity.

Ratings analysis reveals 50% of Ciena’s analysts are positive. Out of 8 Wall Street analysts rating Ciena, 4 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $18.5 while the high is $30.0. The stock’s average target of $25.30 is 16.21% above today’s ($21.77) share price. CIEN was included in 8 notes of analysts from August 29, 2016. The stock of Ciena Corporation (NYSE:CIEN) has “Overweight” rating given on Tuesday, December 20 by Piper Jaffray. As per Friday, September 2, the company rating was downgraded by Drexel Hamilton. The stock of Ciena Corporation (NYSE:CIEN) has “Buy” rating given on Friday, December 9 by M Partners. The firm has “Hold” rating by Stifel Nicolaus given on Friday, September 30. On Friday, September 2 the stock rating was maintained by Dougherty & Company with “Buy”. The firm has “Equal-Weight” rating by Morgan Stanley given on Friday, September 2. UBS initiated the stock with “Buy” rating in Friday, January 13 report. On Monday, August 29 the stock rating was maintained by Deutsche Bank with “Hold”.

Roystone Capital Management Lp holds 3.83% of its portfolio in Ciena Corporation for 2.12 million shares. Southport Management L.L.C. owns 42,100 shares or 2.46% of their US portfolio. Moreover, Broadview Advisors Llc has 1.95% invested in the company for 609,800 shares. The New York-based Shannon River Fund Management Llc has invested 1.8% in the stock. Carlson Capital L P, a Texas-based fund reported 4.58 million shares.

Analysts await Ciena Corporation (NYSE:CIEN) to report earnings on March, 14. They expect $0.07 earnings per share, down 61.11% or $0.11 from last year’s $0.18 per share. CIEN’s profit will be $10.06M for 77.75 P/E if the $0.07 EPS becomes a reality. After $0.40 actual earnings per share reported by Ciena Corporation for the previous quarter, Wall Street now forecasts -82.50% negative EPS growth.

The stock increased 0.46% or $0.1 during the last trading session, reaching $21.77. About 247,967 shares traded. Ciena Corporation (CIEN) has risen 44.43% since January 11, 2017 and is uptrending. It has outperformed by 27.73% the S&P500.

Among 14 analysts covering Liberty Interactive (NASDAQ:QVCA), 12 have Buy rating, 1 Sell and 1 Hold. Therefore 86% are positive. Liberty Interactive had 28 analyst reports since August 6, 2015 according to SRatingsIntel. The company was initiated on Tuesday, December 8 by Pacific Crest. The stock of QVC Group (NASDAQ:QVCA) earned “Buy” rating by Brean Capital on Tuesday, August 18. The company was initiated on Tuesday, September 22 by Wolfe Research. The company was maintained on Thursday, August 6 by UBS. The rating was maintained by Axiom Capital on Friday, November 13 with “Buy”. Bank of America initiated the stock with “Neutral” rating in Tuesday, September 20 report. KeyBanc Capital Markets maintained it with “Buy” rating and $27.0 target in Monday, October 23 report. The firm earned “Buy” rating on Monday, August 14 by Citigroup. The firm has “Hold” rating given on Thursday, July 6 by FBN Securities. UBS maintained QVC Group (NASDAQ:QVCA) rating on Friday, November 10. UBS has “Buy” rating and $28 target.

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