Why Ciena Spiked After Its Recent Earnings Report [The Motley Fool]
AT&T Inc. (T)
Last at&t inc. earnings: 4/22 06:54 am
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Source: The Motley Fool
Ciena is outgunning competitors, both at home and overseas. Despite operating in an industry marked by fierce competition and cyclical ups and downs, networking equipment vendor Ciena ( NYSE:CIEN ) has been posting stellar results and taking market share. The story continued with the company's recent earnings release, sending shares up by double digits to new 52-week highs. What's Ciena doing right? At the moment, just about everything. The company has carved out a place as the biggest optical networking player that isn't a part of a larger tech conglomerate, leveraging this leading specialist position into significant customer wins. That led to very strong 12% revenue growth last quarter, much higher than the previous quarter's 3% growth and projected industry growth (excluding China) of just 2.6%. It's even well ahead of Ciena's own 5% to 7% three-year annual growth targets. So what's behind these stunning numbers? What's the secret behind Ciena's grow
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News
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T
Earnings
- 1/24/24 - Miss
T
Sec Filings
- 4/16/24 - Form PX14A6G
- 4/8/24 - Form DEFA14A
- 4/4/24 - Form ARS
- T's page on the SEC website