The Insider, Gary Smith Sold 8,000 Shares of Ciena (CIEN); 2 Analysts Bullish Safe Bulkers, Inc. (SB)

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Safe Bulkers, Inc. (NYSE:SB) Ratings Coverage

Among 8 analysts covering Safe Bulkers (NYSE:SB), 2 have Buy rating, 2 Sell and 4 Hold. Therefore 25% are positive. Safe Bulkers had 30 analyst reports since October 23, 2015 according to SRatingsIntel. Morgan Stanley downgraded the shares of SB in report on Tuesday, December 15 to “Equal-Weight” rating. Jefferies maintained the stock with “Hold” rating in Monday, August 7 report. The stock of Safe Bulkers, Inc. (NYSE:SB) earned “Buy” rating by DNB Markets on Friday, January 27. The stock of Safe Bulkers, Inc. (NYSE:SB) earned “Buy” rating by Maxim Group on Friday, November 17. Maxim Group maintained Safe Bulkers, Inc. (NYSE:SB) rating on Friday, May 25. Maxim Group has “Buy” rating and $5.5000 target. Maxim Group maintained Safe Bulkers, Inc. (NYSE:SB) rating on Thursday, May 31. Maxim Group has “Buy” rating and $600 target. The stock has “Overweight” rating by Morgan Stanley on Tuesday, March 28. The company was maintained on Tuesday, July 18 by Stifel Nicolaus. The rating was maintained by Stifel Nicolaus on Friday, October 20 with “Hold”. Jefferies maintained the stock with “Hold” rating in Monday, July 3 report. See Safe Bulkers, Inc. (NYSE:SB) latest ratings:

31/05/2018 Broker: Maxim Group Rating: Buy New Target: $6.0000 Maintain
25/05/2018 Broker: Maxim Group Rating: Buy New Target: $5.5000 Maintain
23/04/2018 Broker: Stifel Nicolaus Rating: Hold New Target: $3.2500 Maintain
17/04/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $3.7 New Target: $3.5 Maintain
15/02/2018 Broker: Stifel Nicolaus Rating: Hold New Target: $2.75 Maintain
12/02/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Equal-Weight Downgrade
08/02/2018 Broker: Maxim Group Rating: Buy New Target: $5.0 Maintain
26/01/2018 Broker: Jefferies Rating: Hold New Target: $3.5 Maintain
18/12/2017 Broker: Jefferies Rating: Hold New Target: $3.0 Initiate

More important recent Safe Bulkers, Inc. (NYSE:SB) news were published by: Seekingalpha.com which released: “An 8.5% Yield As This Profitable Company Deleverages Its Balance Sheet” on June 13, 2018, also Globenewswire.com published article titled: “Safe Bulkers, Inc. Reports First Quarter 2018 Results”, Seekingalpha.com published: “More on Safe Bulkers Q1 results” on May 30, 2018. More interesting news about Safe Bulkers, Inc. (NYSE:SB) was released by: Fool.com and their article: “Why Safe Bulkers Stock Popped 12% Today” with publication date: May 31, 2018.

Safe Bulkers, Inc. provides marine drybulk transportation services worldwide. The company has market cap of $387.39 million. It is involved in the acquisition, ownership, and operation of drybulk vessels for transporting bulk cargoes, primarily coal, grain, and iron ore. It currently has negative earnings. As of February 17, 2017, the firm had a fleet of 38 drybulk vessels with an aggregate carrying capacity of 3,421,800 deadweight tons.

The stock increased 0.39% or $0.015 during the last trading session, reaching $3.815. About 229,984 shares traded. Safe Bulkers, Inc. (NYSE:SB) has risen 45.45% since June 13, 2017 and is uptrending. It has outperformed by 32.88% the S&P500. Some Historical SB News: ; 07/03/2018 – Safe Bulkers, Inc. Announces Participation at the 11th DNB Oil, Offshore and Shipping Conference and 12th Annual Capital Link I; 29/05/2018 – Safe Bulkers 1Q Rev $43.5M; 29/05/2018 – Safe Bulkers 1Q Loss/Shr 7c; 29/05/2018 – SAFE BULKERS 1Q ADJ EPS 3C, EST. 2C; 29/05/2018 – SAFE BULKERS 1Q NET REV. $43.5M, EST. $41.7M; 29/05/2018 – Correct: Safe Bulkers 1Q EPS 3c, Not Loss/Shr 7c; 16/03/2018 – Safe Bulkers Closes Below 50-Day Moving Average: Technicals; 05/03/2018 Safe Bulkers, Inc. Announces Filing of 2017 Annual Report on Form 20-F

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 $3.55 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 5.28 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 Ciena Corporation (NYSE:CIEN) to report earnings on August, 30. They expect $0.34 earnings per share, down 22.73% or $0.10 from last year’s $0.44 per share. CIEN’s profit will be $48.56 million for 18.25 P/E if the $0.34 EPS becomes a reality. After $0.16 actual earnings per share reported by Ciena Corporation for the previous quarter, Wall Street now forecasts 112.50% EPS growth.

Another recent and important Ciena Corporation (NYSE:CIEN) news was published by Globenewswire.com which published an article titled: “Detailed Research: Economic Perspectives on Amphenol, Hologic, Newell Brands, Ciena, SAExploration, and Puma ..” on June 12, 2018.

Since December 14, 2017, it had 0 insider buys, and 54 selling transactions for $4.26 million activity. 1,972 shares valued at $50,937 were sold by NETTLES PATRICK H on Monday, March 26. SMITH GARY B sold $344,158 worth of stock or 12,948 shares. FRODSHAM JAMES also sold $51,003 worth of Ciena Corporation (NYSE:CIEN) shares. HAMILTON RICK sold $76,742 worth of stock. $81,000 worth of stock was sold by GALLAGHER PATRICK on Tuesday, April 24. $63,784 worth of stock was sold by ALEXANDER STEPHEN B on Monday, April 16. Another trade for 1,000 shares valued at $25,153 was made by McFeely Scott on Tuesday, May 15.

The PRESIDENT – CEO of Ciena Corp, Gary Smith is in the stock market news today. It was announced in a legal report filled by Gary Smith and submitted to the Security Exchange Commission on June 13, 2018, he unloaded 8,000 shares from the Maryland-based Ciena Corp having a market value of $196,745 USD. The shares average price was $24.6. This is not his first insider trade, in the last month, he unloaded another 8,000 shares worth $196,916 USD. Presently, Gary Smith holds 624,975 shares or 0.44% of the company’s market capitalization.

Investors sentiment increased to 1.3 in Q1 2018. Its up 0.36, from 0.94 in 2017Q4. It improved, as 24 investors sold Ciena Corporation shares while 82 reduced holdings. 48 funds opened positions while 90 raised stakes. 142.76 million shares or 0.19% more from 142.49 million shares in 2017Q4 were reported. Alps Advsrs Inc invested 0% of its portfolio in Ciena Corporation (NYSE:CIEN). Cwm Limited Liability Company holds 0.07% of its portfolio in Ciena Corporation (NYSE:CIEN) for 68,429 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta invested in 41,600 shares or 0.01% of the stock. Profund Limited Liability Corp stated it has 0.02% in Ciena Corporation (NYSE:CIEN). D E Shaw & Co holds 1.21M shares. Renaissance Limited Liability Company invested in 0.04% or 1.46 million shares. Dimensional Fund Advsrs L P owns 0.05% invested in Ciena Corporation (NYSE:CIEN) for 4.41 million shares. Bnp Paribas Asset Holdg stated it has 877,256 shares. Friess Ltd Limited Liability Company invested 1.58% of its portfolio in Ciena Corporation (NYSE:CIEN). Credit Suisse Ag holds 0.01% in Ciena Corporation (NYSE:CIEN) or 229,084 shares. Managed Asset Portfolios Lc, Michigan-based fund reported 404,960 shares. Cap Mgmt Assocs holds 0.76% or 19,000 shares. Deutsche Commercial Bank Ag holds 1.41 million shares or 0.02% of its portfolio. Liberty Mutual Grp Asset Mngmt Incorporated stated it has 0.02% of its portfolio in Ciena Corporation (NYSE:CIEN). Verition Fund Mngmt Lc has invested 0.11% in Ciena Corporation (NYSE:CIEN).

Among 26 analysts covering Ciena (NYSE:CIEN), 22 have Buy rating, 0 Sell and 4 Hold. Therefore 85% are positive. Ciena has $3600 highest and $17 lowest target. $29.16’s average target is 17.49% above currents $24.82 stock price. Ciena had 96 analyst reports since August 18, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Bank of America given on Friday, March 3. As per Tuesday, February 27, the company rating was maintained by M Partners. The rating was maintained by Northland Capital on Friday, September 1 with “Buy”. The rating was maintained by Cowen & Co with “Buy” on Thursday, August 17. As per Monday, March 19, the company rating was maintained by Northland Capital. As per Wednesday, January 27, the company rating was initiated by Citigroup. The stock of Ciena Corporation (NYSE:CIEN) earned “Hold” rating by Piper Jaffray on Tuesday, March 6. William Blair maintained the stock with “Buy” rating in Monday, November 13 report. Cowen & Co maintained the stock with “Buy” rating in Tuesday, May 29 report. The firm earned “Neutral” rating on Friday, June 3 by Citigroup.

Ciena Corporation (NYSE:CIEN) Institutional Positions Chart