Ciena Reports Fiscal Fourth Quarter 2024 Financial Results
Ciena Corporation (CIEN)
Last ciena corporation earnings: 3/5 07:00 am
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Source: Business Wire
HANOVER, Md.--(BUSINESS WIRE)--Ciena® Corporation (NYSE: CIEN), a networking systems, services and software company, today announced unaudited financial results for its fiscal fourth quarter ended November 2, 2024.Q4 Revenue: $1.12 billionQ4 Net Income per Share: $0.25 GAAP; $0.54 adjusted (non-GAAP)Share Repurchases: Repurchased approximately 2.1 million shares of common stock for an aggregate price of $132.0 million during the quarter"Our Q4 revenue and strong order flow reflect our significant and increasing technology leadership and positive industry dynamics," said Gary Smith, president and CEO, Ciena. "As Cloud and AI drive bandwidth demand across the network, we are positioned for accelerated revenue growth and market share expansion moving forward."For fiscal fourth quarter 2024, Ciena reported revenue of $1.12 billion as compared to $1.13 billion for the fiscal fourth quarter 2023. For fiscal year 2024, Ciena reported revenue of $4.01 billion, as compared to $4.39 billion
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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