Lloyds Banking Group PLC (LON:LLOY) Stock Rating Maintained at Morgan Stanley; The GBX 75.00 Target Indicates 9.01% Potential; Ciena (CIEN) Shorts Down By 5.11%

February 13, 2018 - By John Hoffman

Ciena Corporation (NYSE:CIEN) had a decrease of 5.11% in short interest. CIEN’s SI was 18.95M shares in February 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 0.63% or $0.14 during the last trading session, reaching $22.39. About 2.31 million shares traded. Ciena Corporation (NYSE:CIEN) has risen 44.43% since February 13, 2017 and is uptrending. It has outperformed by 27.73% the S&P500.

Morgan Stanley currently has a GBX 75.00 PT on the 47.40 billion GBP market cap company or 9.01% upside potential. In a note shared with investors and clients on Tuesday, 13 February, Lloyds Banking Group PLC (LON:LLOY) stock had its “Equal weight” Rating restate by analysts at Morgan Stanley.

Since August 15, 2017, it had 0 insider buys, and 43 insider sales for $3.06 million activity. On Monday, August 21 SMITH GARY B sold $186,126 worth of Ciena Corporation (NYSE:CIEN) or 8,000 shares. $43,560 worth of Ciena Corporation (NYSE:CIEN) was sold by MOYLAN JAMES E JR. Phipps Jason had sold 1,607 shares worth $34,149. On Tuesday, January 16 ALEXANDER STEPHEN B sold $56,876 worth of Ciena Corporation (NYSE:CIEN) or 2,500 shares. PETRIK ANDREW C sold 4,375 shares worth $94,342. $21,038 worth of Ciena Corporation (NYSE:CIEN) shares were sold by McFeely Scott. Rothenstein David M also sold $42,620 worth of Ciena Corporation (NYSE:CIEN) on Friday, December 15.

Investors sentiment decreased to 1 in Q3 2017. Its down 0.26, from 1.26 in 2017Q2. It turned negative, 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. Fincl Pro holds 1,000 shares or 0.01% of its portfolio. New York-based Prelude has invested 0.16% in Ciena Corporation (NYSE:CIEN). State Of New Jersey Common Pension Fund D invested in 0.09% or 1.02M shares. Bridgeway Capital Mngmt stated it has 18,100 shares. Pennant Capital Mgmt Ltd holds 0.19% or 137,400 shares in its portfolio. Tcw Gru Inc accumulated 636,796 shares or 0.11% of the stock. State Of Wisconsin Inv Board owns 0.02% invested in Ciena Corporation (NYSE:CIEN) for 292,300 shares. Victory Mgmt Incorporated holds 2.13 million shares or 0.11% of its portfolio. Cornerstone Hldgs Limited Liability Corporation reported 6,900 shares. Janney Montgomery Scott Limited Liability Corp stated it has 0.01% in Ciena Corporation (NYSE:CIEN). Maplelane Cap Ltd Liability Corporation has 0.58% invested in Ciena Corporation (NYSE:CIEN). Gemmer Asset Management Ltd has 313 shares. Wellington Shields Ltd reported 47,200 shares. Bluefin Trading Limited Liability Corporation invested 0.03% of its portfolio in Ciena Corporation (NYSE:CIEN). Moreover, State Teachers Retirement System has 0.01% invested in Ciena Corporation (NYSE:CIEN) for 166,422 shares.

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 $3.22 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 2.98 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.

Among 23 analysts covering Ciena (NYSE:CIEN), 20 have Buy rating, 0 Sell and 3 Hold. Therefore 87% are positive. Ciena has $3600 highest and $17 lowest target. $27.75’s average target is 23.94% above currents $22.39 stock price. Ciena had 80 analyst reports since August 18, 2015 according to SRatingsIntel. The stock of Ciena Corporation (NYSE:CIEN) has “Neutral” rating given on Friday, June 3 by Citigroup. The rating was maintained by William Blair with “Buy” on Sunday, August 27. The company was downgraded on Friday, December 8 by PiperJaffray. The firm has “Buy” rating by Needham given on Friday, December 8. The stock has “Buy” rating by Needham on Monday, December 4. The stock of Ciena Corporation (NYSE:CIEN) earned “Buy” rating by Citigroup on Wednesday, August 30. The stock of Ciena Corporation (NYSE:CIEN) earned “Buy” rating by M Partners on Friday, December 9. Cowen & Co maintained the shares of CIEN in report on Tuesday, May 30 with “Buy” rating. Cowen & Co maintained Ciena Corporation (NYSE:CIEN) rating on Monday, July 10. Cowen & Co has “Buy” rating and $3600 target. Morgan Stanley upgraded the shares of CIEN in report on Tuesday, January 12 to “Overweight” rating.

Among 29 analysts covering Lloyds Banking Group PLC (LON:LLOY), 19 have Buy rating, 5 Sell and 5 Hold. Therefore 66% are positive. Lloyds Banking Group PLC has GBX 108 highest and GBX 48 lowest target. GBX 78.17’s average target is 17.58% above currents GBX 66.48 stock price. Lloyds Banking Group PLC had 358 analyst reports since July 23, 2015 according to SRatingsIntel. BNP Paribas maintained Lloyds Banking Group plc (LON:LLOY) rating on Tuesday, October 4. BNP Paribas has “Underperform” rating and GBX 52 target. The firm has “Outperform” rating given on Tuesday, October 4 by RBC Capital Markets. The stock has “Outperform” rating by Macquarie Research on Wednesday, November 23. Jefferies maintained the shares of LLOY in report on Tuesday, October 13 with “Buy” rating. On Friday, November 20 the stock rating was maintained by Morgan Stanley with “Overweight”. On Thursday, February 25 the stock rating was maintained by Haitong Securities with “Neutral”. Deutsche Bank maintained the shares of LLOY in report on Thursday, September 15 with “Hold” rating. The rating was maintained by RBC Capital Markets with “Outperform” on Monday, September 4. Deutsche Bank maintained the shares of LLOY in report on Friday, October 28 with “Hold” rating. JP Morgan maintained it with “Overweight” rating and GBX 83 target in Tuesday, September 19 report.