Analysts Offer Insights on Consumer Goods Companies: Vera Bradley (NASDAQ: VRA) and Ciena Corp (NYSE: CIEN)

By Carrie Williams

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Vera Bradley (NASDAQ: VRA) and Ciena Corp (NYSE: CIEN) with bullish sentiments.

Vera Bradley (NASDAQ: VRA)

In a report released yesterday, Eric Beder from FBR Capital reiterated a Buy rating on Vera Bradley (NASDAQ: VRA), with a price target of $12. The company’s shares closed yesterday at $10.13.

Beder commented:

“We are reiterating our Buy rating, estimates, and $12 price target on Vera Bradley with the company announcing 2Q results before the open on Wednesday, August 30. With the handbag segment remaining in flux, we believe Vera Bradley has continued to make progress, but we do not expect material YOY positives until the holiday season. That said, we expect management to continue to “control the controllables,” and we expect that the rollout of new cotton designs and back-to- school could be key drivers for the company. Further, with Street expectations near rock bottom (we are the only Buy rating on the sell-side), we believe any signs of life will propel VRA forward.”

According to TipRanks.com, Beder is ranked 0 out of 5 stars with an average return of -4.9% and a 38.5% success rate. Beder covers the Services sector, focusing on stocks such as Signet Jewelers Limited, American Apparel Inc, and Barnes & Noble Inc.

Vera Bradley has an analyst consensus of Hold, with a price target consensus of $10.50.

Ciena Corp (NYSE: CIEN)

In a report issued on August 27, Dmitry Netis from William Blair reiterated a Buy rating on Ciena Corp (NYSE: CIEN). The company’s shares closed yesterday at $23.74.

According to TipRanks.com, Netis is a 4-star analyst with an average return of 6.6% and a 53.0% success rate. Netis covers the Consumer Goods sector, focusing on stocks such as Acacia Communications, Juniper Networks, and Arista Networks.

Currently, the analyst consensus on Ciena Corp is Strong Buy and the average price target is $32.58, representing a 37.2% upside.

In a report issued on August 17, Cowen & Co. also reiterated a Buy rating on the stock with a $36 price target.

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