The market expects Ciena (CIEN) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended April 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on June ...

Ciena (CIEN) recently announced that Conterra Networks will be implementing its premium WaveLogic 5 Extreme (WL5e) to supply 400Gb/s wavelength services to network clients in Texas, North Carolina and Louisiana. Conterra Networks has been at the forefront of designing, building and operating cutting-edge telecom networks that cater to a wide range of industries, including education, healthcare, enterprise and carrier services across the United States. Its commitment to innovation and excellence has position ...

CHARLOTTE, N.C., May 15, 2024 /PRNewswire/ -- Conterra Networks, a national leader in providing fiber- optic network-based infrastructure and services, is leveraging Ciena's industry-leading WaveLogic 5 Extreme (WL5e) to deliver 400Gb/s wavelength services to carrier clients in Texas, North Carolina, and Louisiana. For nearly three decades, Conterra's professionals have been designing, building, and operating new technology-based telecom networks in the education, healthcare, enterprise, and carrier industr ...

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Key PointsCiena is a leading networking solutions provider serving telecom service providers and growing its engagements with cloud providers as they generate over 54% of revenues now.Ciena reported a strong fiscal Q1 2024 EPS beat by 18 cents but provided soft fiscal Q2 and full-year 2024 guidance.Ciena's service provider customers are struggling to work through existing inventories as normalization continues, but its over 50% market share in data center interconnect continues to drive growth.5 stocks we l ...

Ciena (CIEN) recently announced that its GeoMesh Extreme submarine network solution is being utilized by SEA-ME-WE 4 (South East Asia – Middle East – Western Europe 4) to accommodate the increasing demand for seamless connectivity across the circuit.SEA-ME-WE 4 is an international submarine communications cable system that spreads across vast geographic area, connecting countries including Singapore, Malaysia, Thailand, Bangladesh, India, Pakistan, Saudi Arabia, Egypt, Italy, France and the United Kingdom. ...

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 ...