You might think the fiber optic market is warming up, and indeed Ciena (CIEN) should sound bullish about its full fiscal 2016 as new business kicks in, said Needham’s Alex Henderson in a research note Monday. Analysts polled by Thomson Reuters expect Ciena to report strong earnings of 38 cents per share minus items, on revenue up 16% to $683.6 million for its fiscal Q4 2015 ended Oct. 31. Ciena lost 8 cents on $591 million in sales in the
Ciena (CIEN) reported fiscal Q2 profit and revenue that topped views as the fiber-optic parts maker’s non-AT&T U.S. business rose 22%. Ciena’s stock rose 1.6% to 24.83 in the stock market today. Intraday, the stock hit 25.48, the highest since March 2014. Ciena earned 35 cents per share, excluding one-time items, up from 17 cents in the year-earlier period. Fiscal Q2 revenue rose 11% to $621 million, Ciena said. That followed little change in the
Infinera (INFN) has the potential to challenge several rivals, including Ciena (CIEN), for a bigger piece of the fiber optics networking equipment market. That’s the conclusion from Brian Modoff, an analyst for Deutsche Bank, who opened coverage on the company Tuesday with a buy rating, citing its potential to grow in the cloud; its work helping telecoms adopt 100 gigabit ethernet bandwidth speeds on their networks; and data center interconnection