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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FOR IMMEDIATE RELEASE • Q2 Revenue: $910.8 million For the fiscal second quarter 2024, Ciena reported revenue of $910.8 million as compared to $1.13 billion for the fiscal second quarter 2023. Fiscal Second Quarter 2024 Performance Summary 1 | --- | --- | --- | --- | --- | --- | --- | |----------------------------------------|-------|-------------------------------|-----------------------------------|-------|--------------------------------------------|---------------| | | | Revenue \nQ2 FY \nRevenue | by G ...

Ciena Corporation's (CIEN) cutting-edge optical technology has been deployed by India-based Space World Group's subsidiary, Constl. Constl is utilizing Ciena's optical technology to offer high-speed Metro Area Network and National Long Distance connectivity services across its "state-of-the-art pan-India network," enhancing the connectivity solutions in the region. Space World Group, the holding company of Constl, is a renowned conglomerate that invests in technologydriven companies focused on elevating cus ...

In its upcoming report, Ciena (CIEN) is predicted by Wall Street analysts to post quarterly earnings of $0.15 per share, reflecting a decline of 79.7% compared to the same period last year. Revenues are forecasted to be $896.62 million, representing a year-over-year decrease of 20.8%. Over the last 30 days, there has been a downward revision of 2.6% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial f ...

Ciena Corporation (CIEN) is scheduled to report second-quarter fiscal 2024 results on Jun 6. The Zacks Consensus Estimate for earnings is pegged at 15 cents per share, implying a 79.7% decrease from the year-ago level. For the fiscal second quarter, management expects revenues in the range of $850-$930 million. The consensus estimate for revenues is pegged at $896.6 million, indicating a decline of 20.8% from the prioryear level. CIEN has a trailing four-quarter earnings surprise of 21.3%, on average. Share ...

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 ...