Ciena Stock News

Iridium (IRDM) approves an additional share buyback plan that reflects the company's strengthening business prospects.

Ciena (NYSE:CIEN) has observed the following analyst ratings within the last quarter: Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 4 1 0 0 Last 30D 0 1 0 0

Ciena (NYSE: CIEN ) has observed the following analyst ratings within the last quarter: Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 4 1 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 1 0 0 0 3M Ago 2 2 1 0 0 These 7 analysts have an average price target of $79.43 versus the current price of Ciena at $57.08, implying upside. Below is a summary of how these 7 analysts rated Ciena over the past 3 months. The greater the number of bullish ratings, the more positive … Full story available on Benzinga.com

For second-quarter fiscal 2022, Ciena (CIEN) expects revenues in the range of $930-$970 million.

Raymond James cut the price target on Ciena Corporation (NYSE: CIEN) from $80 to $75. Ciena shares fell 10.9% to close at $58.76 on Monday. Telsey Advisory Group cut Capri Holdings Limited (NYSE:

For second-quarter fiscal 2022, Ciena (CIEN) expects revenues in the range of $930-$970 million.

CIEN earnings call for the period ending December 31, 2021.

CIEN earnings call for the period ending December 31, 2021.

The tech company missed on Q1 revenue.

U.S. stocks traded lower toward the end of trading, with the Dow Jones dropping more than 600 points on Monday. The Secretary of State Antony Blinken said on Sunday that the United States and its allies are considering a ban on Russian oil and natural gas imports. The Dow traded down 1.85% to 32,992.03 while the NASDAQ fell 2.49% to 12,980.07. The S&P also fell, dropping, 2.21% to 4,233.02 Check out this: Insiders Buy Around $98M Of 3 Stocks Leading and Lagging Sectors Utilities shares climbed by 0.8% on Monday. Meanwhile, top gainers in the sector included Sunnova Energy International Inc. (NYSE: NOVA ), up 11% and Azure Power Global Limited (NYSE: AZRE ) up 10%. In trading on Monday, consumer discretionary shares fell by 3%. Top Headline Ciena Corporation (NYSE: CIEN ) reported better-than-expected earnings for its first quarter, while sales missed estimates. Ciena reported first-quarter FY22 revenue growth of 11.5% year-on-year to $844.4 million, missing the consensus of $856.85 million.

The tech company missed on Q1 revenue.

CIEN dipped in pre-market trading following its earnings report. OAS and WLL got a lift from reports of a potential merger. PM slipped on an analyst downgrade. PLTR edged up on an upgrade.

Ciena reported January-quarter profit that topped estimates while revenue missed Wall Street targets. CIEN stock fell on the news.