Ciena's stock surges after profit, revenue rise above expectations [MarketWatch]
Ciena Corporation (CIEN)
Last ciena corporation earnings: 3/5 07:00 am
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US:NASDAQ Investor Relations:
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Source: MarketWatch
Shares of Ciena Corp. surged 5.7% in premarket trading Thursday, after the optical networking company reported fiscal first-quarter profit and revenue that beat expectations. Net income for the quarter to Jan. 31 rose to $62.3 million, or 40 cents a share, from $33.6 million, or 21 cents a share, in the year ago period. Excluding non-recurring items, adjusted earnings per share grew to 52 cents from 33 cents, well above the FactSet consensus of 38 cents. Revenue increased 7% to $832.9 million, topping the FactSet consensus of $819.6 million. The stock has run up 14.7% over the past three months through Wednesday, while the S&P 500 has edged up 0.4%.
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CIEN
News
- Jefferies Names Ciena Corporation (CIEN) a Top Idea for 2025, Highlighting AI-Driven Traffic Growth and Optical Networking Leadership [Yahoo! Finance]Yahoo! Finance
- A Dive into Ciena (CIEN) International Revenue Trends and Forecasts [Yahoo! Finance]Yahoo! Finance
- Ciena Co. (NYSE: CIEN) had its price target raised by analysts at Citigroup Inc. from $84.00 to $98.00. They now have a "buy" rating on the stock.MarketBeat
- Ciena's Strong 2025 Outlook Wins Analyst Confidence: AI Bandwidth And Optical Market Expansion In Focus [Yahoo! Finance]Yahoo! Finance
- CIEN's Q4 Earnings Lag, Sales Beat, Stock Rallies 15% on Solid View [Yahoo! Finance]Yahoo! Finance
CIEN
Earnings
- 12/12/24 - Beat
CIEN
Sec Filings
- 12/20/24 - Form 10-K
- 12/19/24 - Form 4
- 12/19/24 - Form 4
- CIEN's page on the SEC website