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CIEN / Ciena stock shoots up nearly 10% after big earnings beat, with strength in networking business

Shares of Ciena Corp. CIEN, +0.57% shot up 9.6% toward a 6 1/2-month high in premarket trading Monday, after the optical networking company reported fiscal first-quarter results that beat expectations by wide margins, amid strength in its networking platforms business. Net income for the quarter to Jan. 28 rose to $76.2 million, or 51 cents a share, from $45.8 million, or 29 cents a share, in the year-ago period. Read More

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Ciena

Stock

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After

Earnings

Beat

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Strength

Networking

Business

CIEN

Posted: Mar 6 2023, 07:12

Author Name: Market Watch

CIEN News

By Seeking Alpha
October 16, 2023

Ciena: Path To Recovery But Undervalued By The Market

Ciena Corporation is a global provider of networking solutions and services, specializing in high-capacity network equipment. The company's diverse re

By Zacks Investment Research
October 13, 2023

Ciena's (CIEN) GeoMesh Extreme Solution Utilized by SUBCO

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

By Zacks Investment Research
September 20, 2023

Ciena's (CIEN) Blue Planet Powers Virgin Media's Fiber Service

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

By Zacks Investment Research
September 14, 2023

Ciena's (CIEN) Coherent Solutions Being Leveraged by EdgeUno

Ciena's (CIEN) Waveserver 5 is being utilized by EdgeUno to upgrade its data center interconnect.

By MarketBeat
September 6, 2023

Does Ciena's Earnings Beat Signal New Networking Boom Ahead?

Telecom gear maker Ciena Corp. NYSE: CIEN gapped up after reporting third-quarter earnings on August 31. Shares reversed lower in the following sessio

By The Motley Fool
August 31, 2023

Why Ciena Corporation Jumped Today

Ciena Corporation delivered a strong beat on revenue and earnings for its latest quarter. Management cited "strength across all regions" and subsequen

By Seeking Alpha
August 31, 2023

Ciena Corporation (CIEN) Q3 2023 Earnings Call Transcript

Ciena Corporation (NYSE:CIEN ) Q3 2023 Results Conference Call August 31, 2023 8:30 AM ET Company Participants Gregg Lampf - VP, IR Gary Smith - Presi

By Zacks Investment Research
August 31, 2023

Ciena (CIEN) Q3 Earnings and Revenues Surpass Estimates

Ciena (CIEN) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.53 per share. This compares to earnings o

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