CIEN Stock Recent News

Ciena's (CIEN) Q2 revenues benefit from improving supply-chain dynamics. However, Ciena lowers its revenue guidance for fiscal 2023.

Ciena shares face short-term challenges due to order push-outs from service providers and hyperscale cloud operators, impacting near-term growth expectations. Despite weaker near-term outlook, Ciena's long-term prospects remain positive, with opportunities in expanding addressable markets like converged optical edge routing. Investors willing to look past a few lackluster quarters can expect healthy upside, but the market may be cautious until there's evidence of improved order activity.

Ciena beat earnings on both the top and bottom lines Tuesday. Guidance, however, was a little disappointing, with Ciena warning sales could come in below prior expectations both in Q3 and for the year.

Although the revenue and EPS for Ciena (CIEN) give a sense of how its business performed in the quarter ended April 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Ciena (CIEN) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.60 per share. This compares to earnings of $0.50 per share a year ago.

Ciena is scheduled to report earnings before Tuesday's open. Here's a closer look.

Options traders are targeting Ciena Corp (NYSE:CIEN) ahead of earnings.

Ciena Corporation (NYSE:CIEN) is expected to post a positive earnings surprise when it reports second-quarter results before the market opens on Tuesday. The telecommunications-equipment maker is likely to post a 20% rise in earnings per share to $0.60 for the quarter, with its full-year 2023 earnings expected to jump 48%, according to the Zacks Consensus Estimate.

Okta's (OKTA) first-quarter fiscal 2024 results reflect the benefits of an expanding clientele.

Strong demand trends are likely to have boosted Ciena's (CIEN) fiscal Q2 performance. However, global macro weakness remains a concern.