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FOR IMMEDIATE RELEASE • Q2 Revenue: $910.8 million For the fiscal second quarter 2024, Ciena reported revenue of $910.8 million as compared to $1.13 billion for the fiscal second quarter 2023. Fiscal Second Quarter 2024 Performance Summary 1 | --- | --- | --- | --- | --- | --- | --- | |----------------------------------------|-------|-------------------------------|-----------------------------------|-------|--------------------------------------------|---------------| | | | Revenue \nQ2 FY \nRevenue | by G ...

Ciena Corporation's (CIEN) cutting-edge optical technology has been deployed by India-based Space World Group's subsidiary, Constl. Constl is utilizing Ciena's optical technology to offer high-speed Metro Area Network and National Long Distance connectivity services across its "state-of-the-art pan-India network," enhancing the connectivity solutions in the region. Space World Group, the holding company of Constl, is a renowned conglomerate that invests in technologydriven companies focused on elevating cus ...

Core Viewpoint - Ciena (CIEN) is expected to report a significant decline in quarterly earnings and revenues, with analysts predicting earnings of $0.15 per share, a 79.7% decrease year-over-year, and revenues of $896.62 million, reflecting a 20.8% decline [1]. Earnings Estimates - Over the past 30 days, the consensus EPS estimate has been revised downward by 2.6%, indicating a collective reassessment by analysts [2]. - Revisions to earnings estimates are crucial indicators for predicting investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term stock performance [3]. Revenue Projections - Analysts estimate 'Revenue- Total Networking Platforms' to be $690.09 million, a year-over-year decrease of 24.6% [5]. - The consensus for 'Revenue- Total Global Services' is $114.62 million, indicating a 10.3% decline year-over-year [5]. - 'Revenue- Blue Planet Automation Software and Services' is projected at $16.93 million, reflecting a 17.8% decrease from the previous year [5]. - 'Revenue- Networking Platforms- Optical Networking' is estimated at $592.35 million, a 24.5% decline year-over-year [6]. - The estimate for 'Revenue- Software and Services- Total (Platform+Blue Planet Automation)' stands at $98.75 million, showing a 9.7% increase from the year-ago quarter [6]. - 'Revenue- Platform Software and Services' is expected to reach $77.98 million, indicating a 12.4% increase year-over-year [7]. - 'Revenue- Services' is projected at $172.60 million, reflecting a 12.5% decline year-over-year [7]. - The combined estimate for 'Revenue- Products' is $723.36 million, suggesting a 22.7% decrease year-over-year [7]. - 'Revenue- Global Services- Installation and Deployment' is expected to be $36.97 million, a 6.4% decline from the previous year [8]. - 'Revenue- Global Services- Maintenance Support and Training' is projected at $68.67 million, indicating a 6.2% decrease year-over-year [8]. - 'Revenue- Global Services- Consulting and Network Design' is estimated at $12.12 million, reflecting a 19.8% decline year-over-year [9]. Gross Profit - The estimated 'Gross profit- Products' is projected to be $298.91 million, down from $393.45 million in the previous year [9]. Stock Performance - Over the past month, Ciena shares have returned +0.8%, compared to a +5.1% change in the Zacks S&P 500 composite [9]. - Ciena holds a Zacks Rank 4 (Sell), suggesting it may underperform the overall market in the upcoming period [10].

Ciena Corporation (CIEN) is scheduled to report second-quarter fiscal 2024 results on Jun 6. The Zacks Consensus Estimate for earnings is pegged at 15 cents per share, implying a 79.7% decrease from the year-ago level. For the fiscal second quarter, management expects revenues in the range of $850-$930 million. The consensus estimate for revenues is pegged at $896.6 million, indicating a decline of 20.8% from the prioryear level. CIEN has a trailing four-quarter earnings surprise of 21.3%, on average. Share ...

The market expects Ciena (CIEN) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended April 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on June ...

Ciena (CIEN) recently announced that Conterra Networks will be implementing its premium WaveLogic 5 Extreme (WL5e) to supply 400Gb/s wavelength services to network clients in Texas, North Carolina and Louisiana. Conterra Networks has been at the forefront of designing, building and operating cutting-edge telecom networks that cater to a wide range of industries, including education, healthcare, enterprise and carrier services across the United States. Its commitment to innovation and excellence has position ...

CHARLOTTE, N.C., May 15, 2024 /PRNewswire/ -- Conterra Networks, a national leader in providing fiber- optic network-based infrastructure and services, is leveraging Ciena's industry-leading WaveLogic 5 Extreme (WL5e) to deliver 400Gb/s wavelength services to carrier clients in Texas, North Carolina, and Louisiana. For nearly three decades, Conterra's professionals have been designing, building, and operating new technology-based telecom networks in the education, healthcare, enterprise, and carrier industr ...

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Key PointsCiena is a leading networking solutions provider serving telecom service providers and growing its engagements with cloud providers as they generate over 54% of revenues now.Ciena reported a strong fiscal Q1 2024 EPS beat by 18 cents but provided soft fiscal Q2 and full-year 2024 guidance.Ciena's service provider customers are struggling to work through existing inventories as normalization continues, but its over 50% market share in data center interconnect continues to drive growth.5 stocks we l ...