CIEN Stock Recent News

Ciena (NYSE: CIEN ) just reported results for the fourth quarter of 2023. Ciena reported earnings per share of 75 cents.

Optical-networking company Ciena reported a strong fiscal fourth quarter. It caught up with delayed demand.

While the top- and bottom-line numbers for Ciena (CIEN) give a sense of how the business performed in the quarter ended October 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Ciena (CIEN) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.61 per share a year ago.

Ciena Corporation (NYSE:CIEN) reported strong growth in sales and profit in the fourth quarter boosted by strong optical networking sales.  The networking systems, services and software company said in the financial fourth quarter ended October 28 revenue rose to $1.13 billion from $971.0 million the year before.

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 October 2023.

Strong demand trends are likely to have boosted Ciena's (CIEN) fiscal Q4 performance. However, global macro weakness remains a concern.

Ciena Corporation is a global provider of networking solutions and services, specializing in high-capacity network equipment. The company's diverse revenue streams and strong fundamentals make it undervalued compared to its peers. Ciena's recent quarterly results show robust revenue growth, driven by the conversion of a substantial backlog and market share gains.

SUBCO has also partnered with Ciena (CIEN) to upgrade INDIGO cable earlier.

Ciena (CIEN) helps Virgin Media to modernize its Operational Support Systems and streamline the order-to-service process.