Ciena Reports Fiscal Second Quarter 2021 Financial Results

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CIENA (CIEN) PT Raised to $51 at Northland Capital Markets

June 4, 2021 8:13 AM EDT

Northland Capital Markets analyst Tim Savageaux raised the price target on CIENA (NYSE: CIEN) to $51.00 (from $45.00) while maintaining a Market Perform rating.

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CIENA (CIEN) PT Raised to $66 at Stifel

June 3, 2021 3:58 PM EDT

Stifel analyst John Marchetti raised the price target on CIENA (NYSE: CIEN) to $66.00 (from $62.00) while maintaining a Buy rating following results.

The analyst commented, "Results and guidance came in largely as expected with better gross margin on a mix that favored existing... More

Ciena (CIEN) Tops Q2 EPS by 14c

June 3, 2021 7:00 AM EDT

Ciena (NYSE: CIEN) reported Q2 EPS of $0.62, $0.14 better than the analyst estimate of $0.48. Revenue for the quarter came in at $833.9 million versus the consensus estimate of $829.27 million.

We delivered strong fiscal second quarter results as we continued to see encouraging signs in the market environment,... More