|Bid||40.06 x 800|
|Ask||40.81 x 900|
|Day's Range||39.94 - 40.95|
|52 Week Range||28.23 - 46.78|
|Beta (3Y Monthly)||0.78|
|PE Ratio (TTM)||27.51|
|Earnings Date||Dec 11, 2019 - Dec 16, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||50.67|
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Ciena (CIEN) recently completed a significant upgrade to the SEA-ME-WE 5 (South East Asia – Middle East – Western Europe 5) submarine cable system to support enterprise data exchange, internet TV, and online gaming. The upgrade – which was completed ahead of schedule – resulted in an 100% active capacity increase of the cable, enabling faster broadband access to users along the multi-regional data superhighway. The SEA-ME-WE 5 cable system is 20,000 km and spans across 17 countries.
Ciena formed three bases over a long period of time. The third, a flat base, launched one of the biggest moves by growth stocks in recent months.
What's next for the Fed and increased corporate bond buying. Apple's (AAPL) highly anticipated event Tuesday. Aurora Cannabis (ACB) earnings. A California bill could shake up Uber (UBER) and Lyft (LYFT). And why Ciena (CIEN) is a Zacks Rank 1 (Strong Buy) stock right now - Free Lunch
Ciena (CIEN) has been upgraded to a Zacks Rank 1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
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Ciena fiscal third-quarter earnings topped analysts views but the optical gear maker forecast October quarter sales to come in just above estimates. Ciena stock initially rose, then fell.
Strong competitive position and market share gains on the back of technology leadership and diversified customer base in high-growth markets drive Ciena's (CIEN) fiscal third-quarter results.
Shares of Ciena Corp. pulled a sharp U-turn Thursday, swinging to a loss of 6.9% in morning trading from an earlier premarket gain of as much as 9.7%, after the optical networking company provided a downbeat outlook on gross margin during its post-earnings conference call with analysts. Chief Financial Officer James Moylan said on the call that fiscal fourth-quarter adjusted gross margin was expected to be 42% to 43%, according to a FactSet transcript, which is down from 44.7% in the third quarter. When Jefferies analyst George Notter asked if the outlook is "sort of the new norm," Moylan responded by saying the company hasn't given up on getting to the mid-40s range for margins, but he "didn't know exactly when that's going to be," and didn't believe it was going to be next year, according to the FactSet transcript. Ciena also said it expected fourth-quarter revenue of $945 million to $975 million, which surrounded the FactSet consensus of $956 million. Earlier, the stock surged after Ciena reported third-quarter profit and revenue that rose above expectations. The stock has now gained 13.1% year to date, while the S&P 500 has advanced 18.4%.
Ciena (CIEN) delivered earnings and revenue surprises of 24.56% and 3.23%, respectively, for the quarter ended July 2019. Do the numbers hold clues to what lies ahead for the stock?
Ciena (NYSE: CIEN ) reported third-quarter earnings of 71 cents per share, which beat the analyst consensus estimate of 57 cents. This is a 47.92% increase over earnings of 48 cents per share from the ...
Shares of Ciena Corp. shot up 8.6% in premarket trading Thursday, after the optical networking company reported fiscal third-quarter profit and revenue that rose above expectations, and provided an upbeat full-year outlook. Net income for the quarter to July 31 rose to $86.7 million, or 55 cents a share, from $50.8 million, or 34 cents a share, in the year-ago period. Excluding non-recurring items, adjusted EPS was 71 cents, above the FactSet consensus of 58 cents. Total revenue increased 17.3% to $960.6 million, beating the FactSet consensus of $932.5 million, as total networking platforms revenue grew 17.5% to $796.1 million to top expectations of $753.2 million. Gross margin improved to 44.2% from 42.9%. "Looking ahead, fiscal 2019 will be an extraordinary year for Ciena, including substantial revenue growth and increased profitability," said Chief Executive Gary Smith. The stock has rallied 14.8% over the past three months through Wednesday, while the S&P 500 has gained 4.0%.
Telecommunications company Ciena reports adjusted fiscal third-quarter earnings and revenue that beat analysts' forecasts on strong demand for its networking platforms and related software and services.
On Thursday, September 5, Ciena (NYSE: CIEN ) will release its latest earnings report. Benzinga's outlook for Ciena is included in the following report. Earnings and Revenue Ciena EPS is expected to be ...
Proper execution of operational strategies coupled with a strong set of favorable industry dynamics is likely to drive Ciena's (CIEN) third-quarter fiscal 2019 earnings.