|Bid||22.80 x 4000|
|Ask||25.59 x 3100|
|Day's range||24.79 - 25.29|
|52-week range||19.40 - 27.73|
|PE ratio (TTM)||5.45|
|Earnings date||29 Aug 2018 - 4 Sep 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||29.81|
NEW YORK, June 12, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Amphenol ...
Ciena's (CIEN) Packet Design buyout is expected to contribute toward the company's long-term goal of growing its Blue Planet and associated services business.
Ciena (CIEN) recorded top-line growth in second quarter fiscal 2018 driven by growth in Asia Pacific service providers as well as global webscale customers.
Ciena missed fiscal second-quarter earnings views while revenue edged consensus. Shares in the maker of optical communications systems fell sharply Thursday.
Earlier today I had a chance to talk with the chief executive of fiber-optic technology vendor Ciena (CIEN), Gary Smith, by phone, following the company’s report this morning of fiscal Q2 results that have pushed the stock down by $1, or 4%, to $23.06. While revenue topped analysts’ expectations, profit per share came in lower than expected, as gross profit margin declined.
Here are some things going on today in the world of tech: Shares of memory-chip maker Micron Technology (MU) are down $3.52, or almost 6%, at $59.05, after Morgan Stanley’s Joseph Moore this morning cut his rating on the shares to Equal Weight from Overweight, warning of "storm clouds on the horizon" for the company. Shares of fiber-optic networking equipment firm Ciena (CIEN) are down 6 cents at $24, after the company this morning reported $730 million in revenue for its fiscal Q2 ended in April, beating the average $726 million but missing on the bottom line, delivering 23 cents a share, below the average 30-cent estimate. In early analysis this morning, Alex Henderson with Needham & Co., who is bullish on the stock, writes that the company’s gross profit margins were lower because the company shipped more of the “chassis” of its systems, which have lower margins than "line cards” that get sold later on to add capability to the chassis.
Shares of Ciena Corp. swung higher in premarket trade Thursday, as upbeat revenue growth guidance on the post-earnings conference call offset an earnings miss. The stock sank as much as 9.6% ahead of the open soon after fiscal second-quarter results were reported at 7:00 a.m. ET, then started climbing sharply after the conference call with analysts started at 8:30 a.m., and was last up 1.5%. Chief Financial Officer James Moylan said on the call fiscal 2018 revenue growth was expected to be 7% to 9% over a year ago, according to a transcript provided by FactSet.
Ciena Corp.'s stock plunged 8.2% toward a 3 1/2-month low in premarket trade Thursday, after the optical networking company missed fiscal second-quarter profit expectations, although sales beat. Net income ...
On a per-share basis, the Hanover, Maryland-based company said it had net income of 9 cents. Earnings, adjusted for one-time gains and costs, came to 23 cents per share. The results fell short of Wall ...
Higher consolidated revenues, backed by solid growth dynamics, are likely to bolster Ciena's (CIEN) earnings in the fiscal second quarter.
INAP will integrate an express high-capacity backbone between three core data centers in New York, Dallas, and San Jose. INAP will launch Metro Ethernet services for increased connectivity and performance ...
Stock futures rose Monday morning. President Trump said he wants to help China's ZTE "get back into business," good news for U.S. optical stocks. He also said U.S.-China trade talks "will all work out."
Infinera plunged on Thursday, reversing from gains after it reported first-quarter earnings, after the company's conference call with analysts raised worries over pricing pressure and spending by a key customer.
Optical-technology stocks are having a second really bad week after the U.S. Department of Justice opened a criminal investigation into China’s privately held Huawei, which buys parts from the optical companies. While the component maker shares crashed, some analysts see potential benefit for the two optical-systems makers that compete most closely with Huawei, Ciena (CIEN) and Infinera (INFN). The Wall Street Journal’s Stu Woo and Aruna Viswanatha relate that multiple unnamed sources say the DoJ is “investigating whether Huawei Technologies Co. violated U.S. sanctions related to Iran.” This is just the latest action against Iran, which has long been blocked from selling telecom equipment to U.S. carriers by the U.S. government.
There could be upside for Ciena from the U.S. Commerce Department's decision to ban domestic firms from selling components to Chinese telecom gear maker ZTE, two analysts say.
Finisar Corporation (FNSR) was a big mover last session, as the company saw its shares rise more than 6% on the day amid huge volumes.
Ciena (CIEN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Finisar (FNSR) has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions as well.
Ciena Corporation (CIEN) could be an interesting play for investors as it is seeing solid activity on the earnings estimate revision, along with decent short-term momentum.
The other day I had lunch with Ciena (CIEN) chief financial officer Jim Moylan. Over a nice tuna niçoise, we discussed cloud computing, telcos and the outlook for Ciena’s chip business. For example, on the matter of cash balances, when I asked how much net cash Ciena should maintain — some companies such as Apple (AAPL) have promised to reduce it to zero, or almost zero — Moylan declined to list a figure or a percentage.