|Bid||41.30 x 1200|
|Ask||41.40 x 800|
|Day's range||41.17 - 42.84|
|52-week range||38.33 - 56.38|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||30.18|
|Earnings date||30 Aug 2023 - 05 Sept 2023|
|Forward dividend & yield||N/A (N/A)|
|1y target est||58.19|
Ciena's (CIEN) Q2 revenues benefit from improving supply-chain dynamics. However, Ciena lowers its revenue guidance for fiscal 2023.
Shares of communications equipment company Ciena (NYSE: CIEN) tumbled 10.2% through 11:55 a.m. ET on Tuesday morning, despite easily beating expectations for fiscal second-quarter earnings. Heading into the quarter ended April 29, analysts had forecast Ciena would earn only $0.61 per share (adjusted for one-time items) on sales of $1.09 billion. In fact, Ciena earned $0.74 per share on sales of $1.13 billion -- thus beating expectations on both the top and bottom lines.
Although the revenue and EPS for Ciena (CIEN) give a sense of how its business performed in the quarter ended April 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Ciena (CIEN) delivered earnings and revenue surprises of 23.33% and 4.35%, respectively, for the quarter ended April 2023. Do the numbers hold clues to what lies ahead for the stock?
HANOVER, Md., June 06, 2023--Ciena® Corporation, a networking systems, services and software company, announced financial results for fiscal second quarter ended April 29, 2023
Here are three stocks that are worthy of consideration ahead of their quarterly reports and may become more attractive as we progress through 2023.
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HANOVER, Md., June 02, 2023--June 2, 2023 Ciena® Corporation today announced its expected participation in the following upcoming event with the financial community.
Strong demand trends are likely to have boosted Ciena's (CIEN) fiscal Q2 performance. However, global macro weakness remains a concern.
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In the latest trading session, Ciena (CIEN) closed at $47.97, marking a -0.04% move from the previous day.
Analog Devices' (ADI) results for the fiscal second quarter reflect strength across industrial and automotive markets.
Agilent Technologies' (A) second-quarter fiscal 2023 results reflect strength across LSAG and ACG segments.
FOSTER CITY, Calif. & HANOVER, Md., May 24, 2023--MATRIXX Software, a global leader in 5G monetization solutions, is working with Blue Planet, a division of Ciena (NYSE:CIEN), to offer intelligent automation solutions. Together, the two companies are providing an integrated solution that enables Communications Service Providers (CSPs) to dynamically orchestrate and charge for complex networks, mobile edge computing and cloud environments at scale. See more about how the solution works here.
Zoom's (ZM) first-quarter fiscal 2024 results reflect a year-over-year increase in both earnings and revenues.
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Alibaba's (BABA) fourth-quarter fiscal 2023 results are expected to reflect growth from its strengthening cloud business.
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BLAIR, Neb. & HANOVER, Md., May 11, 2023--Great Plains Communications (GPC) is deploying Ciena's Coherent Routing solution and WaveLogic 5 Nano technology.
HANOVER, Md., May 09, 2023--Ciena® Corporation expects to announce second quarter 2023 financial results on Tuesday, June 6, 2023 before the open of the financial markets.
Ciena (CIEN) closed the most recent trading day at $45.59, moving +1.11% from the previous trading session.