The Latest Breaking News from Ciena

Facebook-parent Meta Platforms' spending spree to build the "metaverse" could provide upside for makers of advanced technology products.

U.S. gold futures traded higher this morning on Tuesday. Investors, meanwhile, focused on some notable insider trades.

 

Over the past 3 months, 10 analysts have published their opinion on Ciena (NYSE:CIEN) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

The S&P 500 reversed higher 0.7% while the Nasdaq composite was up a meaty 1.4%. The Dow Jones Industrial Average climbed 0.3%. Indexes were near session highs at midday.

Ciena Corp (NYSE: CIEN) shares are trading lower Thursday after the company reported worse-than-expected financial results.

Ciena stock dipped on Thursday after the company reported April-quarter profit and revenue that missed analyst estimates.

Ciena Corp (NYSE:CIEN) reported second-quarter FY22 revenue growth of 13.8% year-on-year to $949.2 million, missing the consensus of $950.8 million. Segments: Total Networking Platforms revenue rose by 15.3% Y/Y to $734.5 million, and Total Global Services increased 10.9% Y/Y to $128.7 million. Margins: The adjusted gross margin contracted 620 bps to 43% as costs surged…

  Ciena (NYSE:CIEN) reported its Q2 earnings results on Thursday, June 2, 2022 at 07:00 AM. Here's what investors need to know about the announcement. Earnings Ciena missed estimated earnings by 7.41%, reporting an EPS of $0.5 versus an estimate of $0.54.