Ciena Corporation (CIEN) is set to release its Q4 2023 earnings on December 12th. Analysts offer mixed signals, with some raising price targets while others downgrade the stock. This article analyzes recent analyst ratings and predictions, providing insights for investors considering CIEN stock.
Ciena (CIEN) is set to release its Q4 2024 earnings on December 12th. Analysts predict an EPS of $0.65, but the post-earnings share price reaction will likely hinge more on the company’s guidance than the EPS result itself. This article analyzes Ciena’s past performance, compares it to industry peers, and explores what investors should watch for.
Ciena Corp reported a decline in revenue for the third quarter of fiscal 2024, but beat analysts’ expectations for both revenue and earnings per share. The company highlighted growing momentum with cloud providers and a gradual recovery with service providers. Ciena also announced that its CFO will retire in 12 months.
