Ciena Reports Fiscal Fourth Quarter 2022 and Year-End Financial Results

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Go back to Ciena Reports Fiscal Fourth Quarter 2022 and Year-End Financial Results

Ciena (CIEN) shares jump after topping earnings, revenue estimates

December 8, 2022 10:08 AM EST

Telecommunications networking equipment firm Ciena (NYSE: CIEN) surged Thursday after beating earnings and revenue expectations.

In its release before the open, the company reported fiscal fourth-quarter earnings of $0.61, $0.53 better than the analyst estimate of $0.08, with revenue coming in at $971 million versus the consensus... More

JPMorgan on CIENA (CIEN): 'Supply Tracks Materially Better, Driving Strong Beat; Investor Focus to be on FY23 Revenue Guide'

December 8, 2022 9:46 AM EST

JPMorgan analyst Samik Chatterjee reiterated a Neutral rating and {REMOVEPT} price target on CIENA (NYSE: CIEN)

The analyst comments "The strong beat was accompanied in the press releases with management expectation for outsized revenue growth in FY23, led by significant backlog and... More

MKM Partners on CIENA (CIEN): 'Impressive Results'

December 8, 2022 9:32 AM EST

MKM Partners analyst Catherine Trebnick reiterated a Buy rating and $58.00 price target on CIENA (NYSE: CIEN).

The analyst comments "Ciena reported impressive FQ4 results this morning with revenues of $971mn (-7% Y/Y), beating our/ Street estimates of $850mn and surpassing the high-end... More

Ciena (CIEN) Tops Q4 EPS by 53c

December 8, 2022 7:05 AM EST

Ciena (NYSE: CIEN) reported Q4 EPS of $0.61, $0.53 better than the analyst estimate of $0.08. Revenue for the quarter came in at $971 million versus the consensus estimate of $846.92 million.

"Our strong fiscal fourth quarter financial results were better than expected as we benefited from... More