Telecommunications

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

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 Jan. 28 was $1.06 billion, Analysts surveyed by Capital IQ expected $959 million. For fiscal first quarter 2023 Revenue: $1.06 billion,up 25.1% year-over-year,Net Income per Share: $0.51 GAAP; $0.64 adjusted (non-GAAP)。 For fiscal first quarter 2023, Ciena reported revenue of $1.06 billion as compared to $844.4 million for the fiscal first quarter 2022. Ciena’s GAAP net income for the fiscal first quarter 2023 was $76.2 million, or $0.51 per diluted common share, which compares to a GAAP net income of $45.8 million, or $0.29 per diluted common share, for the fiscal first quarter 2022. Ciena’s adjusted

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

Wells Fargo raised Cisco Systems(NASDAQ: CSCO) price target to $57 from $52

Wells Fargo analyst Aaron Rakers raised Cisco Systems(NASDAQ: CSCO) price target to $57 from $52 and maintained a “hold on the sidelines” rating. The investment bank said Cisco reported solid results and better-than-expected guidance due to a reduction in backlog despite improved supply.

Wells Fargo raised Cisco Systems(NASDAQ: CSCO) price target to $57 from $52 Read Post »

Scroll to Top