Ciena Corporation (CIEN) reported second-quarter fiscal 2024 (ended Apr 27) results, wherein its adjusted earnings per share (EPS) of 27 cents beat the Zacks Consensus Estimate of 15 cents. Earnings deteriorated 63.5% year over year. The year-over-year performance downtick was driven by a slower-than-expected recovery of order volumes from service providers who are still working through large inventory absorption. Additionally, macroeconomic concerns, especially internationally, remain persistent. The adjus ...

Item 6. Exhibits ________________________________ 3.1 Fifth Restated Certificate of Incorporation of Ciena Corporation, filed with the Secretary of State of Delaware on June 4, 2024 10.1 Amendment No. 2 to Ciena Corporation 2017 Omnibus Incentive Plan (Incorporated by reference to Exhibit 10.1 from the Company's Current Report on 8-K (Commission File No. 001-36250) filed with the Securities and Exchange Commission on March 26, 2024* 31.1 Certification of Chief Executive Officer Pursuant to Rule 13a-14(a) un ...

Ciena Corporation (NYSE:CIEN) Q2 2024 Earnings Conference Call June 6, 2024 8:30 AM ET Company Participants Gregg Lampf - VP, IR Gary Smith - President and CEO Jim Moylan - SVP and CFO Scott McFeely - Executive Advisor Conference Call Participants Tim Long - Barclays Karl Ackerman - BNP Paribas Tal Liani - Bank of America Ruben Roy - Stifel George Notter - Jefferies Amit Daryanani - Evercore Simon Leopold - Raymond James Samik Chatterjee - JPMorgan Ryan Koontz - Needham & Co. Operator Ladies and gentlemen, ...

Here is how Ciena performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Ciena (CIEN) reported $910.83 million in revenue for the quarter ended April 2024, representing a year-overyear decline of 19.6%. EPS of $0.27 for the same period compares to $0.74 a year ago. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next cour ...

Ciena (CIEN) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.74 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 80%. A quarter ago, it was expected that this developer of high-speed networking technology would post earnings of $0.47 per share when it actually produced earnings of $0.66, delivering a surprise of 40.43%. Over the last f ...

You are encouraged to review the Investors section of our website, where we routinely post press releases, Securities and Exchange Commission ("SEC") filings, recent news, financial results, supplemental financial information, and other announcements. From time to time we exclusively post material information to this website along with other disclosure channels that we use. This press release contains certain forward-looking statements that involve risks and uncertainties. These statements are based on curr ...

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 ...