BancorpSouth Bank (BXS) Touches $34.55 High on Jan, 14; Ciena (CIEN) Shorts Decreased By 5.11%

January 14, 2018 - By Marguerite Chambers

Ciena Corporation (NYSE:CIEN) had a decrease of 5.11% in short interest. CIEN’s SI was 18.95M shares in January as released by FINRA. Its down 5.11% from 19.97M shares previously. With 2.32 million avg volume, 8 days are for Ciena Corporation (NYSE:CIEN)’s short sellers to cover CIEN’s short positions. 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.

The stock of BancorpSouth Bank (NYSE:BXS) reached all time high today, Jan, 14 and still has $36.62 target or 6.00% above today’s $34.55 share price. This indicates more upside for the $3.12B company. This technical setup was reported by Barchart.com. If the $36.62 PT is reached, the company will be worth $187.26M more. The stock increased 1.62% or $0.55 during the last trading session, reaching $34.55. About 756,644 shares traded or 34.26% up from the average. BancorpSouth Bank (NYSE:BXS) has risen 27.80% since January 14, 2017 and is uptrending. It has outperformed by 11.10% the S&P500.

Since August 10, 2017, it had 0 buys, and 43 insider sales for $2.94 million activity. 2,000 shares valued at $48,900 were sold by Rothenstein David M on Tuesday, August 15. MOYLAN JAMES E JR also sold $43,560 worth of Ciena Corporation (NYSE:CIEN) on Thursday, September 7. McFeely Scott also sold $21,509 worth of Ciena Corporation (NYSE:CIEN) on Monday, October 16. 8,000 Ciena Corporation (NYSE:CIEN) shares with value of $172,039 were sold by SMITH GARY B. Shares for $43,180 were sold by ALEXANDER STEPHEN B on Thursday, September 21. 4,375 shares were sold by PETRIK ANDREW C, worth $94,342. 1,607 shares valued at $34,149 were sold by Phipps Jason on Thursday, September 21.

Investors sentiment decreased to 1 in Q3 2017. Its down 0.26, from 1.26 in 2017Q2. It fall, as 46 investors sold Ciena Corporation 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. California State Teachers Retirement System holds 226,037 shares. Geode Cap Mngmt Ltd has 1.25 million shares for 0.01% of their portfolio. Commercial Bank Of America Corp De owns 0% invested in Ciena Corporation (NYSE:CIEN) for 976,982 shares. Jpmorgan Chase & reported 939,355 shares. Aqr Mgmt Ltd Liability Com has 0% invested in Ciena Corporation (NYSE:CIEN) for 30,444 shares. Ny State Teachers Retirement Sys accumulated 166,422 shares. Intrust Bancorp Na has 13,045 shares. Oakbrook Limited Liability Com owns 10,700 shares. Voya Mngmt Ltd Liability Corporation stated it has 0.14% in Ciena Corporation (NYSE:CIEN). Commonwealth Equity Incorporated holds 0% of its portfolio in Ciena Corporation (NYSE:CIEN) for 14,422 shares. Rhumbline Advisers accumulated 287,545 shares or 0.01% of the stock. Advantus Mgmt reported 0.01% in Ciena Corporation (NYSE:CIEN). Ubs Oconnor Ltd Llc has 155,000 shares for 0.08% of their portfolio. Globeflex L P holds 19,015 shares. Maplelane Capital Ltd Liability Corporation invested in 1.34M shares or 0.58% of the stock.

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 “Buy” rating by Jefferies on Friday, June 3. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, August 31. The rating was downgraded by PiperJaffray on Friday, December 8 to “Neutral”. The firm has “Buy” rating given on Thursday, August 17 by Cowen & Co. The firm has “Buy” rating by Cowen & Co given on Monday, July 10. The stock of Ciena Corporation (NYSE:CIEN) has “Buy” rating given on Wednesday, August 30 by Citigroup. The firm earned “Buy” rating on Friday, June 2 by Needham. Dougherty & Company maintained it with “Buy” rating and $26 target in Friday, September 2 report. The company was upgraded on Wednesday, August 26 by Raymond James. The company was maintained on Monday, June 6 by M Partners.

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 $3.15 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 2.92 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.

Analysts await BancorpSouth Bank (NYSE:BXS) to report earnings on January, 24. They expect $0.41 EPS, up 2.50% or $0.01 from last year’s $0.4 per share. BXS’s profit will be $37.04M for 21.07 P/E if the $0.41 EPS becomes a reality. After $0.43 actual EPS reported by BancorpSouth Bank for the previous quarter, Wall Street now forecasts -4.65% negative EPS growth.

BancorpSouth, Inc. operates as a financial holding firm for BancorpSouth Bank that provides commercial banking and financial services to individuals and small-to-medium size businesses. The company has market cap of $3.12 billion. It offers various deposit products, including interest and noninterest bearing demand deposits, and saving and other time deposits. It has a 20.84 P/E ratio. The firm also provides commercial loans, including term loans, lines of credit, equipment and receivable financing, and agricultural loans; a range of short-to-medium term secured and unsecured commercial loans to businesses for working capital, business expansion, and the purchase of equipment and machinery; and construction loans to real estate developers for the acquisition, development, and construction of residential subdivisions.

Among 13 analysts covering BancorpSouth Inc (NYSE:BXS), 1 have Buy rating, 1 Sell and 11 Hold. Therefore 8% are positive. BancorpSouth Inc had 38 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, November 28 by SunTrust. The company was maintained on Thursday, July 20 by Brean Capital. The stock has “Neutral” rating by PiperJaffray on Thursday, October 5. Jefferies maintained BancorpSouth Bank (NYSE:BXS) rating on Tuesday, October 10. Jefferies has “Hold” rating and $35.0 target. The rating was maintained by Stephens on Thursday, July 27 with “Buy”. The company was maintained on Thursday, October 19 by RBC Capital Markets. The firm has “Hold” rating given on Friday, December 1 by Brean Capital. The stock has “Hold” rating by Brean Capital on Tuesday, January 10. The firm has “Outperform” rating given on Thursday, June 30 by Keefe Bruyette & Woods. The rating was maintained by Stephens with “Buy” on Thursday, July 20.

Investors sentiment increased to 1.32 in Q3 2017. Its up 0.49, from 0.83 in 2017Q2. It increased, as 19 investors sold BancorpSouth Bank shares while 44 reduced holdings. 20 funds opened positions while 63 raised stakes. 58.22 million shares or 0.07% less from 58.26 million shares in 2017Q2 were reported. Credit Suisse Ag invested 0% in BancorpSouth Bank (NYSE:BXS). Raymond James Fin Serv Advisors Inc invested in 13,550 shares. Aqr Capital Management Limited Liability invested in 0.02% or 522,645 shares. 65,766 are owned by Comerica State Bank. Manufacturers Life Ins The holds 185,462 shares. California State Teachers Retirement Sys holds 137,858 shares. Northern Corp reported 2.62M shares. Verition Fund Management Limited Liability stated it has 7,313 shares or 0.02% of all its holdings. Skyline Asset L P, Illinois-based fund reported 838,400 shares. Cramer Rosenthal Mcglynn Ltd Limited Liability Company holds 1.53M shares. American stated it has 0.03% of its portfolio in BancorpSouth Bank (NYSE:BXS). Jpmorgan Chase And Com invested in 1.80 million shares. Engineers Gate Manager Limited Partnership accumulated 24,295 shares. Moreover, Raymond James & Assoc has 0.01% invested in BancorpSouth Bank (NYSE:BXS). Sterling Management Lc has 72,882 shares.

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