Tag Archives: cien

Ciena Reports Mixed Fiscal Q4, Reassures Wall Street

Fiber-optic company Ciena delivered a mixed fiscal Q4 Thursday, but it was good enough to push the depressed stock up nearly 9% in afternoon trading on the stock market today. Ciena reached nearly 18.50, a more than two-month high. Ciena (CIEN) reported sales of $591 million in the quarter ended Oct. 31, up 1% from the year-earlier quarter and about $1.5 million above analyst consensus, according to Thomson Reuters. But the company lost 8 cents a

Convergence Seen Pushing Ciena Into Cisco Territory

Fiber-optic parts maker Ciena (CIEN) is moving up the telecom supply chain, taking on network gear vendors Juniper (JNPR), Cisco Systems (CSCO) and Alcatel-Lucent (ALU), UBS says in a new report. Ciena, whose core business is selling optical technologies, is adding more packet-switching networking functionality into its products, says UBS analyst Amitabh Passi, who has a buy rating and price target of 27 on the stock. Ciena shares are down about

Ciena Fiscal Q1 Sales Seen Up 18%, Outlook Key

Ciena’s (CIEN) fiscal Q1 profit is expected to fall 52% on revenue growth of 18%, with the fiber-optics parts maker’s outlook on telecom capital spending expected to be key when it reports Thursday before the market opens. In December, Ciena missed fiscal Q4 earnings estimates and forecast January-quarter revenue below views, sending the stock down. Shares rose on Feb. 14 when Ciena announced an alliance with network gear maker Ericsson (ERIC).