This research firm has an uncanny track record spanning back to 1987. Your feedback will be used on a non-identifiable basis to help improve your website experience. Now here's the bad: Guidance at Ciena was exceptionally weak, and that weak guidance is destroying Ciena stock in morning trading. These 5G stocks will be leaders in the next generation of telecom, which is part of why each belongs in your portfolio now. DUBAI, United Arab Emirates & HANOVER, Md.--(BUSINESS WIRE)--Etisalat, one of the leading telecommunications operators in emerging markets recognized by Ookla® Speedtest® as the world's fastes... Ciena Corporation (NYSE: CIEN), best known for its network hardware, software, and services, trades at about 1.8x trailing Revenues, compared to 2.4x for Corning (NYSE: GLW), which manufacture... HANOVER, Md.--(BUSINESS WIRE)--Ciena® Corporation expects to announce its fiscal fourth quarter financial results on Thursday, December 10, 2020. Cookie Notice. Ciena earnings for its fiscal third quarter topped estimates as revenue edged by Wall Street targets. Ciena (CIEN) partners with Windstream for the deployment of National Converged Optical Network to augment network capacity, while addressing burgeoning connectivity demands. Get the latest news and breaking stories for Ciena Corporation (CIEN) stock. CEO Gary Smith warned investors on the company's post-earnings conference call that Ciena suffered "a meaningful ... broad-based ... slowdown in orders" late in Q3. View breaking news headlines for CIEN stock from trusted media outlets at MarketBeat. Penske Automotive Group Builds On Relative Strength, Pure Storage Shows Rising Relative Strength To 71, Discover new investment ideas by accessing unbiased, in-depth investment research, NYSE - NYSE Delayed Price. CIENA CORPORATION : News, information and stories for CIENA CORPORATION | Nyse: CIEN | Nyse The CEO commented further that it looks like telecom equipment spending was "somewhat front-end loaded in the calendar year, resulting in lower orders in our third quarter," and implying that total growth in spending on optical equipment this year will be at best in the "low single digits," and at worst, "flat.". As of 10:15 a.m. EDT, Ciena stock is down a staggering 24%, and fellow networking equipment industry players Infinera (NASDAQ:INFN), Lumentum Holdings (NASDAQ:LITE), and II-VI Incorporated (NASDAQ:IIVI) are falling in tandem, down 16.3%, 11%, and 9.1%, respectively. Near-term weakness in the business environment has investors worried, but they should focus on the bigger picture.

View breaking news headlines for CIEN stock from trusted media outlets at MarketBeat. Ciena also posted a total of $976.71 million in sales, a 9.25% increase since Q2. Apple is making 5G phones, underscoring expectations for a vast increase in broadband demand. Do Not Sell My Information. That's the good news. CIENA CORPORATION (NYSE:CIEN) : Stock quote, stock chart, quotes, analysis, advice, financials and news for share CIENA CORPORATION | Nyse: CIEN | Nyse HANOVER, Md.--(BUSINESS WIRE)--Ciena® Corporation announced its expected participation in the following upcoming event with the financial community. Ciena Earnings Top Estimates, but Stock Slides on Guidance Cut, Ciena beats profit and revenue expectations, but stock pulls back from 18-year high. In the latest trading session, Ciena (CIEN) closed at $60.95, marking a +1.72% move from the previous day. Nonetheless, "you will be hearing this from our competitors, peers and even customers, frankly." For the best MarketWatch.com experience, please update to a modern browser. As already mentioned, the headline numbers were good. Want to see which stocks are moving? Historical and current end-of-day data provided by FACTSET. In the latest trading session, Ciena (CIEN) closed at $43.99, marking a +1.45% move from the previous day. The Optical Transport segment manufactures and trades optical transport systems, common photonic layer, data networking products, data center interconnection and virtual networks. Ciena posted a more or less in-line quarter with a better gross margin mix, but lowered guidance significantly on much weaker near-term service provider capex spending. Copyright © 2020 MarketWatch, Inc. All rights reserved. Menu. Nobody expects what they're predicting now... Start Your Risk-Free Trial Subscription Here, 3 Hydrogen Fuel Cell Stocks for Investors to Watch, 3 Underperforming Stocks with Good Fundamentals, Two Analyst Upgrades To Buy When Prices Pull Back, CVS Health (NYSE: CVS) Stock is an Early Gift at these levels, Give Thanks for John Deere (NYSE:DE) And Then Maybe Take Some Profits, Ring the Register on Red Robin (NASDAQ: RRGB) Stock, Dollar Tree (NASDAQ:DLTR) Delivers In Q3, New Highs In Sight, GAP (NYSE: GPS) Is A Buy No Matter What Their Earnings Are, Shares of Macy's (NYSE: M) Surge Back From The Dead, Another Touchdown For Dick’s Sporting Goods (NYSE:DKS), 7 Cloud Computing Stocks to Lift Your Portfolio to New Heights, 7 Infrastructure Stocks That May Help Rebuild America, 7 Food Stocks That Are Leading Through Innovation, 7 Entertainment Stocks That Are Still Delighting Investors, 7 Clean Energy Stocks With A Bright Future, 7 Stocks It May Be Time To Take Profits On, 7 Stocks to Buy For the Current Housing Boom, 7 Stocks That May Provide the Real Solution to The Coronavirus Puzzle, 7 Stocks That Could Provide a Year-End Rally, 8 Stocks That Robinhood Investors Got Right, Ciena (NYSE:CIEN) Downgraded by Rosenblatt Securities, Zacks Investment Research Downgrades Ciena (NYSE:CIEN) to Sell, Ciena (NYSE:CIEN) Now Covered by Wolfe Research, Hawaiki Further Boosts Subsea Network with Ciena's WaveLogic 5 - Business Wire, Hawaiki Further Boosts Subsea Network with Ciena’s WaveLogic 5, Etisalat Takes Major Leap Toward an Autonomous Network with Blue Planet, Telecom Stock Roundup: Ciena Partners BT Group, Qualcomm Secures Approval & More - Nasdaq, Ciena Co. (NYSE:CIEN) Short Interest Down 29.9% in October, Ciena's (CIEN) Blue Planet to Augment BT Digital Offerings - Yahoo Finance, Ciena Announces Reporting Date and Web Broadcast for Fiscal Fourth Quarter and Year End 2020 Financial Results - Yahoo Finance. All rights reserved. Best of all, investors can still get in well below US $0.50 per share. © 2020 Verizon Media. Meanwhile, the so-called Whisper number is $0.90. Get daily stock ideas top-performing Wall Street analysts. Overall, how easy was it to find the information you were looking for. Ciena's (CIEN) fiscal third-quarter performance is likely to have benefited from the proper execution of its strategy that centers on innovation, diversification and global scale. Ciena's (CIEN) third-quarter fiscal 2020 results reflect the impact of orders slowdown stemming from the COVID-19 pandemic. HANOVER, Md.--(BUSINESS WIRE)--Ciena today announced unaudited financial results for its fiscal third quarter ended August 1, 2020.

These hardware providers should profit investors as their hardware facilitates 5G service. © American Consumer News, LLC dba MarketBeat® 2010-2020. Covid-19 has made economies realize the importance of ramping up 5G. That's the good news. 5G has barely hit the market… And already there is something more powerful. Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter. What's next for the stock? Indeed, it seems everyone is already talking about it today -- and selling because of it, too. There are currently no items in this Watchlist. Export data to Excel for your own analysis. Ciena stock fell before the market open. View today's stock price, news and analysis for Ciena Corp. (CIEN). Stocks; IPOs; Actions; Blog; Search Home » Stocks » Ciena Corporation » News. In the latest trading session, Ciena (CIEN) closed at $43.12, marking a +0.58% move from the previous day.


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