The company said service providers are taking longer than expected to work through inventory.
Ciena (CIEN) came out with quarterly earnings of $0.66 per share, beating the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $0.64 per share a year ago.
Ciena reported fiscal Q1 profit and revenue that topped estimates. Shares fell ahead of the fiber-optics gear maker's earnings call.
HANOVER, Md.--(BUSINESS WIRE)--Ciena® Corporation announced unaudited financial results for fiscal first quarter ended January 27, 2024.
Ciena (CIEN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Ciena's (CIEN) fiscal first-quarter performance is likely to have been affected due to rising customer inventory levels owing to reduced spending by buyers amid economic troubles.
Evaluate the expected performance of Ciena (CIEN) for the quarter ended January 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics fo

New Strong Sell Stocks for February 6th

07:36am, Tuesday, 06'th Feb 2024
AIRI, CIEN and HTBK have been added to the Zacks Rank #5 (Strong Sell) List on February 6, 2023.
Ciena's (CIEN) WaveLogic 6 Extreme is being utilized by Southern Cross to address the growing international connectivity.
Overall, technology as a sector impressed in 2023. While that might be a temptation to rotate to laggards, sticking with tech stocks in 2024 could be rewarding.
Ciena's (CIEN) GeoMesh Extreme is being utilized by BW Digital to address the growing international connectivity demands.
Given its better prospects, we believe Ciena stock (NYSE: CIEN), a network hardware, software, and services provider, is a better pick than its sector peer, F5 Networks stock (NASDAQ NDAQ : FFIV), an
Ciena is the technological leader in the coherent optical space, with a track record of outpacing the competition both in terms of product innovation and market share. Ciena should benefit from the in
Ciena's (CIEN) fiscal fourth-quarter performance is driven by increasing demand momentum, especially from cloud provider customers.
Ciena (NYSE: CIEN ) just reported results for the fourth quarter of 2023. Ciena reported earnings per share of 75 cents.
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