Ciena Corporation (NYSE:CIEN) informed during its investor day that it anticipates operations margin for the year 2014 to fall to the lower end of its earlier stated guidance of 7-10%. According to the research firm, Citi, the projection indicates that the company is still far off from its set number of 10%. The firm added that while they have strong faith in the sustainability in the company’s product cycle, the continuing pressure exerted by the weakness in operating margin forces them to settle for the P/E of around 20 times their current year estimate of $1.24. Citi has ‘neutral’ rating on the stock at present. Ciena Corporation (NYSE:CIEN) shares after opening at $21.45 moved to $21.48 on last trade day and at the end of the day closed at $20.30. Company price to sales ratio in past twelve months was calculated as 0.99 and price to cash ratio as 5.02. Ciena Corporation (NYSE:CIEN) showed a negative weekly performance of -10.73%.
Put players have hit the ground running in Advanced Micro Devices, Inc.’s (NYSE:AMD) options pits, already scooping up about 10,000 contracts — or four times the expected intraday amount — at last check. Of particular interest has been the weekly 4/11 4-strike put, where it looks like speculators are placing short-term bearish bets on AMD, which is down 2.7% yesterday to trade at $3.90. Advanced Micro Devices, Inc. (NYSE:AMD) shares fell -3.24% in last trading session and ended the day on $3.88. AMD return on equity ratio is recorded as -18.90% and its return on assets is -2.00%. Advanced Micro Devices, Inc. (NYSE:AMD) yearly performance is 49.81%.
BlackBerry Ltd (NASDAQ:BBRY) is hardly in a position of strength to be able to dictate the terms of partnerships or renegotiate. However, instead of safeguarding what little they have left, the iconic company is choosing to shoot itself in the foot by walking away from a deal with T-Mobile US Inc (NYSE:TMUS). BlackBerry Ltd (NASDAQ:BBRY) shares moved down -1.74% in last trading session and was closed at $7.86, while trading in range of $7.75-$8.10. BlackBerry Ltd (NASDAQ:BBRY) year to date performance is 5.65%.
Zynga Inc. (NASDAQ: ZNGA) seems to be back in the news now that King Digital Entertainment PLC (NYSE: KING) has come public. A brokerage report from Wedbush would likely be causing more interest if the market was not suffering its selling pressure from last week’s peak. Zynga Inc (NASDAQ:ZNGA) weekly performance is -2.56%. On last trading day company shares ended up $4.19. Zynga Inc (NASDAQ:ZNGA) distance from 50-day simple moving average is -12.58%. Analysts mean target price for the company is $4.32.