Ciena Corporation

CIEN

US1717793095

Communications & Networking

Market Closed - Nyse Other stock markets 04:00:02 2024-04-26 pm EDT			5-day change	1st Jan Change
46.61 ^USD	+2.04%		+7.00%	+3.55%

Apr. 11	BNP Paribas Exane Starts Ciena With Outperform Rating, $57 Price Target	MT
Mar. 11	SEA-ME-WE 4 Enables Global Digitalization with Enhanced Connectivity Powered by Ciena Corporation	CI

Ciena Corporation Reports Earnings Results for the First Quarter Ended January 27, 2024

March 07, 2024 at 07:00 am EST

Ciena Corporation reported earnings results for the first quarter ended January 27, 2024. For the first quarter, the company reported revenue was USD 1,037.71 million compared to USD 1,056.52 million a year ago. Net income was USD 49.55 million compared to USD 76.24 million a year ago.

Basic earnings per share from continuing operations was USD 0.34 compared to USD 0.51 a year ago. Diluted earnings per share from continuing operations was USD 0.34 compared to USD 0.51 a year ago.

Latest news about Ciena Corporation

BNP Paribas Exane Starts Ciena With Outperform Rating, $57 Price Target	Apr. 11	MT
SEA-ME-WE 4 Enables Global Digitalization with Enhanced Connectivity Powered by Ciena Corporation	Mar. 11	CI
Tranche Update on Ciena Corporation's Equity Buyback Plan announced on December 9, 2021.	Mar. 07	CI
Ciena Expects Full-Year Revenue to Drop as Fiscal First Quarter Tops Views	Mar. 07	MT
Stocks in motion: Burlington Stores, Kroger, Ciena...	Mar. 07
Sector Update: Tech Stocks Advance Premarket Thursday	Mar. 07	MT
Traders Digest Jobless Claims, Powell Testimony on Deck Again as US Equity Futures Rise Pre-Bell	Mar. 07	MT
Transcript : Ciena Corporation, Q1 2024 Earnings Call, Mar 07, 2024	Mar. 07
Ciena's Fiscal Q1 Adjusted Earnings Rise While Revenue Drops -- Shares Slump Pre-Bell	Mar. 07	MT
Earnings Flash (CIEN) CIENA CORPORATION Reports Q1 Revenue $1.04B, vs. Street Est of $1.02B	Mar. 07	MT
Earnings Flash (CIEN) CIENA CORPORATION Reports Q1 EPS $0.66, vs. Street Est of $0.48	Mar. 07	MT
Ciena Corporation Reports Earnings Results for the First Quarter Ended January 27, 2024	Mar. 07	CI
North American Morning Briefing : Powell Still in -2-	Mar. 07	DJ
JPMorgan Raises Price Target on Ciena to $67 From $56, Maintains Overweight Rating	Mar. 05	MT
Needham Adjusts Price Target on Ciena to $65 From $60, Maintains Buy Rating	Mar. 04	MT
Evercore ISI Adjusts Price Target on Ciena to $63 From $57, Maintains Outperform Rating	Feb. 23	MT
Ciena Insider Sold Shares Worth $473,782, According to a Recent SEC Filing	Feb. 16	MT
Astound Business Solutions Leverages Ciena's WaveLogic 5 Extreme 800G and WaveLogic 5 Nano 400G Coherent Optics	Feb. 13	CI
Telia Lithuania Deploys Ciena's WaveLogic 5 Extreme for Country-Wide 800Gb/s Wavelength Service	Feb. 12	CI
Ciena Insider Sold Shares Worth $3,832,808, According to a Recent SEC Filing	Feb. 05	MT
Indices: AI, full speed ahead!	Jan. 23
Southern Cross Targets Pacific Record with Ciena's WaveLogic 6	Jan. 23	CI
Vocus Announces to Deploy Ciena's WaveLogic 6 Extreme 1.6 Tb/s Coherent Technology Across its Long Haul and Metro Links	Jan. 18	CI
Evercore ISI Upgrades Ciena to Outperform From In Line, Raises Price Target to $57 From $52	Jan. 12	MT
Hawaiki Offers 400GbE Services Enabled by Ciena	Jan. 10	CI

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Company Profile

Ciena Corporation is a network platform, software, and services company. The Companyâs solutions enable a range of network operators to deploy and manage networks that deliver services to businesses and consumers. Its segments include Networking Platforms, Platform Software and Services, Blue Planet Automation Software and Services, and Global Services. Its Networking Platforms segment consists of its Optical Networking and Routing and Switching portfolios. Its Platform Software and Services segment provides domain control management, analytics, data and planning tools and applications to manage networks. Its Blue Planet Automation Software and Services segment includes multi-domain service orchestration (MDSO), inventory management (BPI), route optimization and analysis (ROA), multi-cloud orchestration (MCO), and unified assurance and analytics (UAA). Global Services segment offers a suite of value-added services that help its customers to build, operate and improve their networks.

Sector

Communications & Networking

Calendar

2024-05-29 - Q2 2024 Earnings Release (Projected)

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Ratings for Ciena Corporation

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

46.61 USD

Average target price

58.96 USD

Spread / Average Target

+26.50%

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Quarterly earnings - Rate of surprise

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