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Ciena posts results that top expectations, even as net income falls from the previous year.
HANOVER, Md.--(BUSINESS WIRE)--Ciena® Corporation, a networking systems, services and software company, announced unaudited financial results for its fiscal first quarter 2025.
Ciena's performance is likely to have gained from increasing network traffic, bandwidth demand and rapid cloud adoption amid a soft international market.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Ciena (CIEN), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended January 2025.
Nvidia is one of the most popular artificial intelligence (AI) stocks on the market. The company has played a pioneering role in the proliferation of AI technology by designing powerful graphics cards and server systems that have allowed companies to train and deploy AI models.
CIEN's WL6e deployed by e& UAE, a first in MEA, enabling ultra-fast 400G connectivity, 10Gb home services and meeting the demands of business customers.
Ciena Corporation's Q1 '25 earnings report is expected to show flat revenue growth, with EPS estimates of $0.41 non-GAAP and $0.14 GAAP on $1.05B in revenues. Key focus areas include AI-driven demand, data center spending, and the performance of new products like WaveLogic 6 Extreme and Nano. Management's confidence in long-term growth (8%-11%) hinges on robust AI and data center investments by tech giants like Meta, Amazon, and Alphabet.
CIEN's advanced WaveLogic 6 Extreme solution is harnessed by Cirion Technologies to bolster the latter's digital infrastructure.
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AI stocks soared last week after OpenAI announced a partnership with Oracle (ORCL) and SoftBank that could result in up to half a trillion dollars of investment in AI infrastructure over the next four years.