HANOVER, Md.--(BUSINESS WIRE)--To support growing demand for more bandwidth across the Asia-to-Europe route, SEA-ME-WE 4 (South East Asia – Middle East – Western Europe 4) recently completed an upgrade to its submarine cable system. Powered by Ciena's (NYSE: CIEN) GeoMesh Extreme submarine network solution, the upgrade enables a capacity increase from 65Tb/s to 122Tb/s on the SEA-ME-WE 4 cable system. “Ciena’s cutting-edge technology is helping us in optimizing the resources of the SEA-ME-WE 4 cable, there ...

Ciena Corporation (CIEN) reported first-quarter fiscal 2024 (ended Jan 27) results, wherein its adjusted earnings per share (EPS) of 66 cents beat the Zacks Consensus Estimate of 47 cents. 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 Consen ...

Shares of optical networking equipment maker Ciena Communications (CIEN -13.62%) were down by 13.5% as of 11:15 a.m. ET Thursday, despite the company delivering expectations-beating results on both sales and earnings in the quarterly report it released before the opening bell.Heading into earnings day, analysts had forecast Ciena would earn $0.48 per share (adjusted for one-time items) on sales of $1.02 billion in its fiscal 2024 first quarter. The actual numbers: $0.66 per share on sales of $1.04 billion.  ...

Ciena Corporation (NYSE:CIEN) Q1 2024 Earnings Conference Call March 7, 2024 8:30 AM ET Company Participants Gregg Lampf - VP, IR Gary B. Smith - President and CEO James E. Moylan, Jr. - SVP and CFO Scott McFeely - Executive Advisor Conference Call Participants Samik Chatterjee - J.P. Morgan Amit Daryanani - Evercore ISI Tal Liani - Bank of America Unidentified Analyst - Raymond James Meta Marshall - Morgan Stanley George Notter - Jefferies Michael Genovese - Rosenblatt Securities Alexander Henderson - Need ...

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Ciena (CIEN) came out with quarterly earnings of $0.66 per share, beating the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $0.64 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 40.43%. A quarter ago, it was expected that this developer of high-speed networking technology would post earnings of $0.68 per share when it actually produced earnings of $0.75, delivering a surprise of 10.29%.Over the last ...

Ciena Corporation March 7, 2024 Forward-looking statements and non-GAAP measures Ciena's actual results, performance or events may differ materially from these forward-looking statements made or implied due to a number of risks and uncertainties relating to Ciena's business, including: the effect of broader economic and market conditions on our customers, their spending and their businesses and markets; our ability to execute our business and growth strategies; the impact of macroeconomic conditions and glo ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Ciena (CIEN) , which belongs to the Zacks Fiber Optics industry.When looking at the last two reports, this developer of high-speed networking technology has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 10.81%, on average, in the last two quarters.For the last reported quarter, Ciena came out with earnings of $ ...

® HANOVER, Md. - March 7, 2024 - Ciena Corporation (NYSE: CIEN), a networking systems, services and software company, today announced unaudited financial results for its fiscal first quarter ended January 27, 2024. • Share Repurchases: Repurchased approximately 691 thousand shares of common stock for an aggregate price of $32.0 million during the quarter Ciena's adjusted (non-GAAP) net income for the fiscal first quarter 2024 was $96.8 million, or $0.66 per diluted common share, which compares to an adjuste ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark one) Class Outstanding as of March 1, 2024 Common Stock, par value $0.01 per share 144,602,692 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-36250 Ciena Corporation (Exact name of registrant as specified in its charter) 23-2725311 (I.R.S. Employer Identification No.) 21076 (Zip Code) Indicate by check mark whether the registrant (1) has filed all repo ...