Ciena Corporation (NYSE:CIEN ) Q4 2024 Results Conference Call December 12, 2024 8:30 AM ET Company Participants Gregg Lampf - Vice President of Investor Relations Gary Smith - President and Chief Executive Officer Jim Moylan - Chief Financial Officer Scott McFeely - Executive Advisor Conference Call Participants Amit Daryanani - Evercore Simon Leopold - Raymond James George Notter - Jefferies Meta Marshall - Morgan Stanley David Vogt - UBS Adrienne Colby - Citi Ruben Roy - Stifel Samik Chatterjee - JPMorgan Tal Liani - Bank of America Operator Good day, and welcome to the Ciena Fiscal Fourth Quarter and Year-End 2024 Financial Results Conference Call. All participants will be in a listen-only mode.
While the top- and bottom-line numbers for Ciena (CIEN) give a sense of how the business performed in the quarter ended October 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Ciena (CIEN) came out with quarterly earnings of $0.54 per share, missing the Zacks Consensus Estimate of $0.66 per share. This compares to earnings of $0.75 per share a year ago.
The optical networking equipment company misses earnings estimates in its fiscal fourth quarter.
Ciena Corporation CIEN will release its fourth-quarter financial results, before the opening bell, on Thursday, Dec. 12.
Get a deeper insight into the potential performance of Ciena (CIEN) for the quarter ended October 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
CIEN's performance is likely to have gained from momentum with cloud providers amid slower recovery of order volumes from international service providers.
Boldyn Networks is utilizing Ciena's scalable wavelength service, offering up to 1.6Tb/s per channel.
AI could give this optical networking company a big boost.
Ciena Corporation CIEN has announced that On Net Fibra Colombia (ON NET FIBRA) is utilizing automation software from Blue Planet, a division of Ciena, to facilitate its transition to a cloud-native Operations Support System (OSS). The adoption of the Blue Planet Cloud Native Platform enables ON NET FIBRA to streamline service delivery with advanced inventory, orchestration and assurance applications built on this platform, enhancing customer connectivity and improving operational efficiency.
The artificial intelligence (AI) boom has been underway throughout 2024 despite many legacy technologies still undergoing normalization after a fantastic post-pandemic reopening surge in 2021. The acceleration of AI deployment is helping to lift legacy technologies like cloud computing, virtualization, networking, and hard disk drives (HDDs) as enterprises work through the inventory glut.
Ciena Co. CIEN can be considered a legacy company in the computer and technology sector when it comes to the Internet. It was one of the original manufacturers of optical fiber, which provided networking switches and connectivity solutions since 1992.