Morgan Stanley analyst Meta Marshall upgraded Ciena Corp CIEN from Equal-Weight to Overweight and raised the price target from $53 to $55. Cloud should be an outsized growth driver for CIEN across fiscal 2025, driven by continued share gains and the WaveLogic 6 ramp. This will inform his view of the potential upside to estimates next year. However, this opportunity remains over the coming years rather than in the near term. However, post-cut to full-year estimates, Marshall noted that the fiscal 2024 model ...

Seren Juno, a collaboration among NTT Ltd., Japan Corporation, Mitsui & Co., Ltd., PC Landing Corp and JA Mitsui Leasing, Ltd, was set up in July 2022. It functions as a specialized entity established solely for the design, construction, sales and operations of the JUNO trans-Pacific submarine cable system. Based in Hanover, MD, CIEN is a global provider of optical networking equipment, software and services. The company is suffering from global macroeconomic headwinds coupled with lower order quantity from ...

International market involvement serves as insurance against economic downturns at home and enables engagement with economies that are growing more quickly. Still, this move toward diversification is not without its challenges, as it involves navigating through the fluctuations of currencies, geopolitical threats, and the distinctive nature of various markets. Exploring CIEN's International Revenue Patterns International Revenue Predictions Have you assessed how the international operations of Ciena (CIEN) ...

6M ago Seeking Alpha Growth from AI % Ciena engaged in higher service provider and request for proposal (RFP) activities in the last few quarters. This would expand the company's pipeline without immediately showing up as revenue on the balance sheet. B- B C+ The quant scoring is likely penalizing Ciena's valuation by weighing too heavily on the price-to-earnings for both GAAP and non-GAAP: D+ Ciena's business grew from the strength in the cloud space. Revenue fell in Q2 because of the normal ebbs and flows ...

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 ...

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