Ciena: Reiterate Buy Rating, Worst Of This Cycle May Be Over
CIEN's 2Q24 earnings exceeded expectations, with revenue of $911 million and gross margins of 43.5%. Management guidance for 3Q23 was not positive, but FY24 revenue guide remains strong, indicating a potential for significant growth in 4Q24. CIEN is well-positioned to capture market share with innovative products, benefiting from rising demand for AI and machine learning among telecom players.
Cloud Should Be An Outsized Growth Driver For Ciena Across Fiscal 2025: Morgan Stanley Analyst
Morgan Stanley analyst Meta Marshall upgraded Ciena Corp CIEN from Equal-Weight to Overweight and raised the price target from $53 to $55.
Ciena's (CIEN) GeoMesh Extreme Solution Used by Serene Juno
Ciena's (CIEN) GeoMesh Extreme solution, powered by WL6e, is utilized by Seren Juno Network and Seren Juno Network America in order to accelerate the process of digitization in Japan.
Don't Overlook Ciena (CIEN) International Revenue Trends While Assessing the Stock
Review Ciena's (CIEN) international revenue performance and how it affects the predictions of financial analysts on Wall Street and the future prospects for the stock.
Why Ciena Soared And Then Slumped After Q2 2024 Earnings
Ciena's stock responded positively after posting Q2 2024 results, with shares spiking to $55.77, but then closed lower last week. Q2 revenue declined by 19.4% YoY to $910.8 million, causing concern among investors. Ciena is optimistic about future growth opportunities, particularly in the AI and cloud space, but risks remain due to telecom customer spending levels.
Ciena (CIEN) Q2 Earnings Top Estimates, Revenues Decline Y/Y
Ciena's (CIEN) fiscal Q2 performance is affected by slower-than-expected recovery of order volumes from service providers amid persistent macroeconomic concerns, especially internationally.
Ciena (CIEN) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Ciena (CIEN) give a sense of how the business performed in the quarter ended April 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Ciena (CIEN) Q2 Earnings and Revenues Beat Estimates
Ciena (CIEN) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.74 per share a year ago.
Ciena's (CIEN) Advanced Optical Technology Leveraged by Constl
Ciena Corporation's CIEN cutting-edge optical technology has been deployed by India-based Space World Group's subsidiary, Constl. Constl is utilizing Ciena's optical technology to offer high-speed Metro Area Network and National Long Distance connectivity services across its “state-of-the-art pan-India network,” enhancing the connectivity solutions in the region.
Wall Street's Insights Into Key Metrics Ahead of Ciena (CIEN) Q2 Earnings
Get a deeper insight into the potential performance of Ciena (CIEN) for the quarter ended April 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Here's How Ciena's (CIEN) Placed Before Q2 Earnings Release
Ciena's (CIEN) fiscal second-quarter performance is likely to have been affected by slower-than-expected normalization of order volumes from the service providers.
Earnings Preview: Ciena (CIEN) Q2 Earnings Expected to Decline
Ciena (CIEN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
