25.11 0.00 (0.00%)
After hours: 5:00PM EDT
|Bid||25.05 x 3000|
|Ask||25.59 x 3100|
|Day's Range||24.56 - 25.16|
|52 Week Range||19.40 - 27.73|
|PE Ratio (TTM)||5.43|
|Earnings Date||Aug 29, 2018 - Sep 4, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||29.81|
More than half of the S&P 500 companies disclosed some impact on their accounting policies since December, when new rules unified how companies account for revenues from sales and services. For finance chiefs of some companies, including Red Hat Inc., Ciena Corp. and Mosaic Co., adopting the new revenue recognition standard from the Financial Accounting Standards Board means adjusting their business operations to be in line with the new accounting framework, which is more focused on contracts and when goods and services are delivered to customers. Around 380 companies in the stock index have reported under the new rules as of June 8, and 294 companies in the index disclosed an impact on financial statements from adopting the standard, according to Audit Analytics.
NEW YORK, June 12, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Amphenol ...
The market may be choppy right now, but according to some market commentators we are primed for a surprise summer rally. This means that the average analyst price target of $2.13 translates into 79% upside potential. Plus, four top analysts have published back-to-back buy ratings on EVINE- giving it a 'Strong Buy' analyst consensus rating.
Ciena's (CIEN) Packet Design buyout is expected to contribute toward the company's long-term goal of growing its Blue Planet and associated services business.
Ciena® Corporation today announced its expected participation in the following upcoming events with the financial community. These events will be webcast live and recorded.
LONDON, UK / ACCESSWIRE / June 4, 2018 / If you want access to our free research report on Ciena Corp. (NYSE: CIEN), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=CIEN as the Company's latest news hit the wire. On May 31, 2018, the Company announced that it has signed a deal to acquire privately-held Packet Design, LLC, a provider of network performance management software focused on Layer 3 network optimization, topology and route analytics. Active-Investors.com is currently working on the research report for Internet Initiative Japan Inc. (NASDAQ: IIJI), which also belongs to the Technology sector as the Company Ciena.
Ciena (CIEN) recorded top-line growth in second quarter fiscal 2018 driven by growth in Asia Pacific service providers as well as global webscale customers.
WallStEquities.com has selected the following Communication Equipment stocks for assessment this morning: Ciena Corp. (NYSE: CIEN), Cisco Systems Inc. (NASDAQ: CSCO), CommScope Holding Co. Inc. (NASDAQ: COMM), and Extreme Networks Inc. (NASDAQ: EXTR). Companies in the Telecommunications Equipment industry produce technologies and services that are used to facilitate people's communication.
Ciena missed fiscal second-quarter earnings views while revenue edged consensus. Shares in the maker of optical communications systems fell sharply Thursday.
Earlier today I had a chance to talk with the chief executive of fiber-optic technology vendor Ciena (CIEN), Gary Smith, by phone, following the company’s report this morning of fiscal Q2 results that have pushed the stock down by $1, or 4%, to $23.06. While revenue topped analysts’ expectations, profit per share came in lower than expected, as gross profit margin declined.
Lone Rock Technology Group acquired Packet Design, which is focused on network optimization, topology and route analytics, in 2013.
Here are some things going on today in the world of tech: Shares of memory-chip maker Micron Technology (MU) are down $3.52, or almost 6%, at $59.05, after Morgan Stanley’s Joseph Moore this morning cut his rating on the shares to Equal Weight from Overweight, warning of "storm clouds on the horizon" for the company. Shares of fiber-optic networking equipment firm Ciena (CIEN) are down 6 cents at $24, after the company this morning reported $730 million in revenue for its fiscal Q2 ended in April, beating the average $726 million but missing on the bottom line, delivering 23 cents a share, below the average 30-cent estimate. In early analysis this morning, Alex Henderson with Needham & Co., who is bullish on the stock, writes that the company’s gross profit margins were lower because the company shipped more of the “chassis” of its systems, which have lower margins than "line cards” that get sold later on to add capability to the chassis.
Shares of Ciena Corp. swung higher in premarket trade Thursday, as upbeat revenue growth guidance on the post-earnings conference call offset an earnings miss. The stock sank as much as 9.6% ahead of the open soon after fiscal second-quarter results were reported at 7:00 a.m. ET, then started climbing sharply after the conference call with analysts started at 8:30 a.m., and was last up 1.5%. Chief Financial Officer James Moylan said on the call fiscal 2018 revenue growth was expected to be 7% to 9% over a year ago, according to a transcript provided by FactSet.
Ciena Corp.'s stock plunged 8.2% toward a 3 1/2-month low in premarket trade Thursday, after the optical networking company missed fiscal second-quarter profit expectations, although sales beat. Net income ...
On a per-share basis, the Hanover, Maryland-based company said it had net income of 9 cents. Earnings, adjusted for one-time gains and costs, came to 23 cents per share. The results fell short of Wall ...
Ciena® Corporation (CIEN) has entered into a definitive agreement to acquire privately-held Packet Design, LLC, a provider of network performance management software focused on Layer 3 network optimization, topology and route analytics. The acquisition of Packet Design will help accelerate Ciena’s Blue Planet software strategy by extending its intelligent automation capabilities beyond Layers 0-2 and into IP with critical new capabilities to help customers optimize service delivery and maximize network utilization. Specifically, the combination of the Blue Planet software platform and Packet Design’s performance analytics and service path computation capabilities will form a unique, micro-services-based platform that delivers real-time analytics, optimization and orchestration capabilities to support the broadest range of closed-loop automation use cases across multi-layer, multi-vendor networks.
On Thursday, Ciena (NYSE: CIEN ) will release its latest earnings report. Benzinga's report can help you figure out the ins and outs of the earnings release. Earnings and Revenue Based on Ciena management ...
In total, three Maryland businesses — all headquartered in Montgomery County — made this year's list of the largest publicly traded companies in the U.S.
Higher consolidated revenues, backed by solid growth dynamics, are likely to bolster Ciena's (CIEN) earnings in the fiscal second quarter.
INAP will integrate an express high-capacity backbone between three core data centers in New York, Dallas, and San Jose. INAP will launch Metro Ethernet services for increased connectivity and performance ...
GlobeNet, a wholesale provider of telecom infrastructure in the Americas, has selected Ciena technology to deliver 200G wavelengths along its 23,500 km fiber optic subsea cable system across the Americas.