CIEN Stock Recent News

Explore how Ciena's (CIEN) revenue from international markets is changing and the resulting impact on Wall Street's predictions and the stock's prospects.

I downgrade CIEN from buy to hold due to its expensive valuation, trading at 35x forward PE, well above its historical trend of 13-20x. CIEN's recent earnings showed strong revenue but missed EPS estimates due to an outsized inventory obsolescence charge; adjusted EPS beat consensus. Growth drivers include rising AI traffic, MOFN projects, and recovering service provider demand, supporting management's upgraded 8-11% mid-term growth guidance.

Ciena Corporation has shown impressive growth, with a nearly 100% YTD return and a strong annualized ROR of 15.12% since 2015. Ciena's advanced tech, like the WaveLogic 6 Extreme, addresses growing bandwidth demands, but profitability pressures and inventory management challenges persist. Long-term growth prospects in cloud and AI are promising, but the stock's current high price leaves little room for error.

Ciena Corp. (CIEN) is up more than 20% on the week, and a company that George Tsilis is keeping a close eye on during the A.I. boom. He talks about how the legacy hardware and software player has gained attention over the last week and what it needs to gather future momentum.

Ciena Corp CIEN stock surged after BofA Securities upgraded it from Neutral to Buy and raised its price target from $70 to $95.

Ciena reports mixed fiscal Q4 performance owing to softness in the international market. Long-term growth target increased on soaring cloud and AI demand.

Shares of network equipment maker Ciena (CIEN 16.73%) soared on Thursday morning, following the release of a mixed earnings report paired with bullish guidance targets. The price jump peaked at 21.9% near 10 a.m.

Ciena's stock was soaring toward a 22-year high, as order growth and outlook on inventory overshadowed a big profit miss.

Ciena Corporation (NYSE:CIEN ) Q4 2024 Results Conference Call December 12, 2024 8:30 AM ET Company Participants Gregg Lampf - Vice President of Investor Relations Gary Smith - President and Chief Executive Officer Jim Moylan - Chief Financial Officer Scott McFeely - Executive Advisor Conference Call Participants Amit Daryanani - Evercore Simon Leopold - Raymond James George Notter - Jefferies Meta Marshall - Morgan Stanley David Vogt - UBS Adrienne Colby - Citi Ruben Roy - Stifel Samik Chatterjee - JPMorgan Tal Liani - Bank of America Operator Good day, and welcome to the Ciena Fiscal Fourth Quarter and Year-End 2024 Financial Results Conference Call. All participants will be in a listen-only mode.

While the top- and bottom-line numbers for Ciena (CIEN) give a sense of how the business performed in the quarter ended October 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.