Why Shares of Ciena Corp. Surged Today [The Motley Fool]
Ciena Corporation (CIEN)
Last ciena corporation earnings: 3/5 07:00 am
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Source: The Motley Fool
The networking company reported strong first-quarter revenue and earnings. Timothy Green ( TMFBargainBin ) Mar 6, 2018 at 11:22AM What happened Shares of Ciena Corp. ( NYSE:CIEN ) jumped on Tuesday following a solid fiscal first-quarter report from the network technology company. Ciena beat analyst estimates for both revenue and earnings, and its second-quarter guidance matched expectations. The stock was up about 9.5% at 10:50 a.m. EST. So what Ciena reported first-quarter revenue of $646.1 million, up 4% year over year and about $4.2 million higher than the average analyst estimate. Revenue from networking platforms grew 1.2% to $496.0 million; software and software-related services revenue jumped 36.1% to $53.5 million; and global services revenue rose 4.8% to $96.6 million. Total revenue was in line with the company's guidance . Image
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News
- HSPnet Launches High Capacity B3JS and BDMCS Networks [Yahoo! Finance]Yahoo! Finance
- HSPnet Launches High Capacity B3JS and BDMCS NetworksBusiness Wire
- Ciena Co. (NYSE: CIEN) is now covered by analysts at Citigroup Inc.. They set a "sell" rating and a $44.00 price target on the stock.MarketBeat
- Ciena Co. (NYSE: CIEN) is now covered by analysts at BNP Paribas. They set an "outperform" rating and a $57.00 price target on the stock.MarketBeat
- Blue Planet Unveils Industry’s Only Multi-Cloud Native OSS PlatformBusiness Wire
CIEN
Earnings
- 3/7/24 - Beat
CIEN
Sec Filings
- 4/17/24 - Form 4
- 4/17/24 - Form 4
- 4/17/24 - Form 4
- CIEN's page on the SEC website