Ciena (CIEN) Q1 Earnings Top Estimates, Revenues Decline Y/Y [Yahoo! Finance]
Ciena Corporation (CIEN)
Last ciena corporation earnings: 3/5 07:00 am
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US:NASDAQ Investor Relations:
ciena2017ir.q4web.com/financials/default.aspx
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Source: Yahoo! Finance
Earnings improved 3.1% year over year. Quarterly total revenues were down 1.8% year over year to $1,037.7 million. The downtick was driven by the macroeconomic concerns that are causing lower-than-expected order volumes from service providers in several overseas geographies. However, the top line surpassed the Zacks Consensus Estimate by 1.9%. Non-telco customer revenues increased 54% year over year in the reported quarter. Two customers represented 10%-plus of revenues, representing 26.5% of the top line in the fiscal first quarter. Ciena Corporation Price, Consensus and EPS Surprise Ciena Corporation price-consensus-eps-surprise-chart | Ciena Corporation Quote For fiscal 2024, management anticipates revenues in the range of $4 billion-$4.3 billion compared with fiscal 2023 revenues of $4.38 billion. The company had previously projected revenue growth between 1% and 4%. The adjusted gross margin is envisioned in the mid-40% range. Adjusted operating expenses are suggested
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CIEN
News
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- 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
CIEN
Earnings
- 3/7/24 - Beat
CIEN
Sec Filings
- 4/23/24 - Form 8-K
- 4/18/24 - Form S-8
- 4/17/24 - Form 4
- CIEN's page on the SEC website