Ciena Reports Fiscal Fourth Quarter 2022 and Year-End Financial Results
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Ciena (CIEN) shares jump after topping earnings, revenue estimates
December 8, 2022 10:08 AM ESTTelecommunications 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 ESTJPMorgan 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 ESTMKM 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 ESTCiena (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