Telecommunications

Ciena(NYSE:CIEN) Q1 2023 Revenue of $1.06 billion，up 25.1% year-over-year

by

March 6, 2023 — Ciena Corporation (NYSE: CIEN), a networking systems, services and software company, today announced unaudited financial results for its fiscal first quarter ended January 28, 2023. Ciena Corporation (NYSE: CIEN) reported fiscal Q1 adjusted earnings  of $0.64 per diluted share, Analysts polled by Capital IQ expected $0.36. Revenue for the quarter ended … Read more

JPMorgan raised Cisco Systems(NASDAQ: CSCO) price target to $55 from $54

by

JPMorgan analyst Samik Chatterjee raised his price target on Cisco Systems(NASDAQ: CSCO) to $55 from $54 and maintained a “neutral” rating. The analyst told investors in a research note that the magnitude of the growth in fiscal second-quarter results and the outlook for 2023 raise questions about the sustainability of Cisco’s growth. But the agency … Read more

Raymond James raised Cisco Systems(NASDAQ: CSCO) price target to $63 from $59

by

Raymond James analyst Simon Leopold raised Cisco Systems(NASDAQ: CSCO) price target to $63 from $59 and maintained an “outperform” rating. The analyst told investors in a research note that Raymond James was “pleasantly surprised” by Cisco’s strong outlook for fiscal third quarter and fiscal 23. The investment bank said the overall tone was optimistic, demand … Read more

Cisco Systems (NASDAQ: CSCO) reported Q2 2023 revenue of $13.6 billion, up 7% year-over-year

by

February 15, 2023 Cisco Systems (NASDAQ: CSCO) today reported second quarter results for the period ended January 28, 2023. Q2 revenue was $13.6 billion, analysts expected $13.43 billion; Q2 product revenue was $10.16 billion, analysts expected $10.02 billion; Q2 Security and Agile Networks revenue was $6.75 billion, analysts expected $6.47 billion; Q2 services revenue was $3.44 billion, … Read more

Cisco Systems (NASDAQ: CSCO) Price Target Raised to $55.00/Share From $52.00 by Morgan Stanley

by

Morgan Stanley analyst Meta Marshall raised Cisco Systems (NASDAQ: CSCO) price target to $55 from $52 and maintained a “hold on the sidelines” rating, noting that Cisco’s fiscal second-quarter results and supply chain conditions were better than expected. The analyst added that the near-term focus will remain on releasing backlogs and fulfilling orders, with the … Read more