$0.58 EPS Expected for A. O. Smith (AOS); Ciena (CIEN) Shorts Lowered By 12.82%

April 24, 2018 - By Migdalia James

A. O. Smith Corporation (NYSE:AOS) Logo

Analysts expect A. O. Smith Corporation (NYSE:AOS) to report $0.58 EPS on April, 25 before the open.They anticipate $0.08 EPS change or 16.00% from last quarter’s $0.5 EPS. AOS’s profit would be $99.48M giving it 27.97 P/E if the $0.58 EPS is correct. After having $0.60 EPS previously, A. O. Smith Corporation’s analysts see -3.33% EPS growth. The stock decreased 0.57% or $0.37 during the last trading session, reaching $64.9. About 1.06M shares traded. A. O. Smith Corporation (NYSE:AOS) has risen 21.58% since April 24, 2017 and is uptrending. It has outperformed by 10.03% the S&P500.

Ciena Corporation (NYSE:CIEN) had a decrease of 12.82% in short interest. CIEN’s SI was 16.13M shares in April as released by FINRA. Its down 12.82% from 18.50 million shares previously. With 2.85M avg volume, 6 days are for Ciena Corporation (NYSE:CIEN)’s short sellers to cover CIEN’s short positions. The SI to Ciena Corporation’s float is 11.45%. The stock decreased 0.98% or $0.26 during the last trading session, reaching $26.29. About 1.88M shares traded. Ciena Corporation (NYSE:CIEN) has risen 9.21% since April 24, 2017 and is uptrending. It has underperformed by 2.34% the S&P500.

Among 17 analysts covering AO Smith Corp (NYSE:AOS), 11 have Buy rating, 0 Sell and 6 Hold. Therefore 65% are positive. AO Smith Corp has $111 highest and $50 lowest target. $74.40’s average target is 14.64% above currents $64.9 stock price. AO Smith Corp had 41 analyst reports since September 11, 2015 according to SRatingsIntel. The stock of A. O. Smith Corporation (NYSE:AOS) earned “Buy” rating by Goldman Sachs on Wednesday, April 4. Stifel Nicolaus maintained A. O. Smith Corporation (NYSE:AOS) rating on Sunday, December 10. Stifel Nicolaus has “Hold” rating and $59.0 target. The stock has “Buy” rating by Robert W. Baird on Tuesday, September 5. SunTrust initiated A. O. Smith Corporation (NYSE:AOS) on Tuesday, November 3 with “Buy” rating. BMO Capital Markets maintained it with “Buy” rating and $6000 target in Wednesday, June 21 report. The firm earned “Buy” rating on Tuesday, September 12 by Jefferies. The company was maintained on Friday, April 8 by KeyBanc Capital Markets. The rating was maintained by Stifel Nicolaus on Friday, July 7 with “Hold”. The stock has “Sector Weight” rating by KeyBanc Capital Markets on Friday, April 28. The stock of A. O. Smith Corporation (NYSE:AOS) earned “Hold” rating by Oppenheimer on Wednesday, July 26.

Since October 31, 2017, it had 0 insider buys, and 10 sales for $9.00 million activity. BROUWER WILFRIDUS M also sold $1.89M worth of A. O. Smith Corporation (NYSE:AOS) shares. Rajendra Ajita G sold $332,771 worth of A. O. Smith Corporation (NYSE:AOS) on Wednesday, February 21. $163,099 worth of A. O. Smith Corporation (NYSE:AOS) was sold by SMITH MARK D. $768,677 worth of stock was sold by Ding Wei on Tuesday, February 20. $716,547 worth of stock was sold by Heideman Robert J on Tuesday, February 13. $1.32 million worth of A. O. Smith Corporation (NYSE:AOS) shares were sold by Martineau Peter R. 17,856 shares were sold by GREUBEL WILLIAM P, worth $1.19 million on Thursday, February 1.

A. O. Smith Corporation manufactures and markets residential and commercial gas, gas tankless, electric water heaters, and water treatment products in North America, China, Europe, and India. The company has market cap of $11.13 billion. The firm offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; commercial boilers for use in space heating applications for hospitals, schools, hotels, and other large commercial buildings; and expansion tanks, commercial solar water heating systems, swimming pool and spa heaters, and related products and parts. It has a 38.18 P/E ratio. It also provides heat pump and solar units, as well as combi boilers; and air purification products.

Investors sentiment increased to 1.21 in 2017 Q4. Its up 0.07, from 1.14 in 2017Q3. It improved, as 25 investors sold A. O. Smith Corporation shares while 136 reduced holdings. 49 funds opened positions while 146 raised stakes. 120.93 million shares or 1.94% less from 123.32 million shares in 2017Q3 were reported. Asset Mgmt holds 0.03% of its portfolio in A. O. Smith Corporation (NYSE:AOS) for 31,399 shares. Smith Asset Mgmt Group Incorporated Limited Partnership holds 157,462 shares or 0.3% of its portfolio. Price T Rowe Assoc Md holds 0.02% or 1.64 million shares. Optimum Investment, Illinois-based fund reported 4,660 shares. Raymond James And Associates reported 100,119 shares. Moreover, Cap Invest Ser Of America has 1.54% invested in A. O. Smith Corporation (NYSE:AOS) for 157,900 shares. Teacher Retirement Systems Of Texas reported 0.02% in A. O. Smith Corporation (NYSE:AOS). Pnc Fincl Serv Grp Inc has 38,017 shares for 0% of their portfolio. 316,754 are held by Marietta Inv Ptnrs Lc. Moreover, Etrade Mngmt Ltd has 0.01% invested in A. O. Smith Corporation (NYSE:AOS). Gradient Investments Ltd Limited Liability Company accumulated 432 shares. Fifth Third Commercial Bank has 0% invested in A. O. Smith Corporation (NYSE:AOS). Brown Brothers Harriman And Co invested in 0% or 7,200 shares. Adage Prns Gru Limited Liability Co accumulated 215,476 shares. Aureus Asset Mgmt Ltd Llc reported 0.06% in A. O. Smith Corporation (NYSE:AOS).

Among 23 analysts covering Ciena (NYSE:CIEN), 19 have Buy rating, 0 Sell and 4 Hold. Therefore 83% are positive. Ciena has $3600 highest and $17 lowest target. $28.39’s average target is 7.99% above currents $26.29 stock price. Ciena had 87 analyst reports since August 18, 2015 according to SRatingsIntel. Northland Capital maintained Ciena Corporation (NYSE:CIEN) rating on Friday, September 1. Northland Capital has “Buy” rating and $30.0 target. Jefferies maintained the stock with “Buy” rating in Monday, December 4 report. On Tuesday, May 30 the stock rating was maintained by Cowen & Co with “Buy”. The company was maintained on Wednesday, March 7 by Jefferies. The firm earned “Hold” rating on Friday, September 2 by Drexel Hamilton. The firm has “Buy” rating given on Thursday, June 1 by Jefferies. The firm earned “Buy” rating on Wednesday, October 4 by Jefferies. Bank of America downgraded the stock to “Neutral” rating in Friday, March 3 report. The company was upgraded on Thursday, December 10 by Northland Capital. Jefferies maintained it with “Buy” rating and $32.5 target in Monday, August 21 report.

Since December 14, 2017, it had 0 insider buys, and 48 sales for $3.56 million activity. $52,263 worth of Ciena Corporation (NYSE:CIEN) was sold by MOYLAN JAMES E JR on Wednesday, March 7. 2,923 Ciena Corporation (NYSE:CIEN) shares with value of $76,742 were sold by HAMILTON RICK. McFeely Scott had sold 1,000 shares worth $25,509 on Monday, April 16. Another trade for 12,948 shares valued at $344,158 was made by SMITH GARY B on Wednesday, March 21. FRODSHAM JAMES sold $89,469 worth of stock. Shares for $63,784 were sold by ALEXANDER STEPHEN B. 2,000 shares valued at $53,907 were sold by Rothenstein David M on Thursday, March 15.

Investors sentiment decreased to 0.94 in Q4 2017. Its down 0.06, from 1 in 2017Q3. It fall, as 47 investors sold Ciena Corporation shares while 80 reduced holdings. 44 funds opened positions while 76 raised stakes. 142.49 million shares or 3.75% less from 148.04 million shares in 2017Q3 were reported. State Of Tennessee Treasury Department stated it has 120,000 shares or 0.01% of all its holdings. Amer Century Companies has invested 0.01% in Ciena Corporation (NYSE:CIEN). White Pine Cap Ltd Liability Company invested in 0.18% or 23,390 shares. State Treasurer State Of Michigan reported 0.01% stake. Alyeska Investment Gp Limited Partnership holds 1.65 million shares or 0.3% of its portfolio. Deutsche Savings Bank Ag reported 0.02% stake. Price T Rowe Associates Incorporated Md has 58,307 shares. Alliancebernstein L P owns 0.04% invested in Ciena Corporation (NYSE:CIEN) for 2.53 million shares. Meeder Asset Management reported 4,776 shares. Moreover, Peak6 Investments Lp has 0.01% invested in Ciena Corporation (NYSE:CIEN). Nelson Van Denburg Campbell Wealth Mgmt Group Inc Lc reported 1 shares. Cwm Limited Liability Company holds 0.06% or 68,414 shares in its portfolio. Jpmorgan Chase Company stated it has 1.24 million shares or 0.01% of all its holdings. 612,484 are held by Artemis Investment Management Llp. The New Jersey-based Honeywell Int Incorporated has invested 0.66% in Ciena Corporation (NYSE:CIEN).

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 $3.78 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 5.59 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.

Ciena Corporation (NYSE:CIEN) Institutional Positions Chart

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