U.S. stocks traded lower midway through trading, with the Dow Jones falling more than 1% on Tuesday.
Ciena (CIEN) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.66 per share a year ago.
Fiber optics network gear maker Ciena reported fiscal first-quarter profit and revenue that topped consensus estimates. The post Ciena Fiscal Q1 Earnings, Revenue Top Wall Street Targets appeared first on Investor's Business Daily.
Ciena posts results that top expectations, even as net income falls from the previous year.
Ciena's performance is likely to have gained from increasing network traffic, bandwidth demand and rapid cloud adoption amid a soft international market.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Ciena (CIEN), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended January 2025.
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CIEN's WL6e deployed by e& UAE, a first in MEA, enabling ultra-fast 400G connectivity, 10Gb home services and meeting the demands of business customers.
Ciena Corporation's Q1 '25 earnings report is expected to show flat revenue growth, with EPS estimates of $0.41 non-GAAP and $0.14 GAAP on $1.05B in revenues. Key focus areas include AI-driven demand, data center spending, and the performance of new products like WaveLogic 6 Extreme and Nano. Management's confidence in long-term growth (8%-11%) hinges on robust AI and data center investments by tech giants like Meta, Amazon, and Alphabet.
CIEN's advanced WaveLogic 6 Extreme solution is harnessed by Cirion Technologies to bolster the latter's digital infrastructure.
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CIEN gains from rising network traffic, demand for bandwidth and the adoption of cloud architecture but competition, supply chain issues and higher costs limit its upside.