Needham Maintains Buy on Ciena, Lowers Price Target to $70
Needham analyst Alex Henderson maintains Ciena (NYSE:CIEN) with a Buy and lowers the price target from $88 to $70.
Ciena Misses Q3 Revenue Due To Supply Chain Woes, Expects Improvement In FY23
Ciena Corp (NYSE:CIEN) reported a third-quarter FY22 revenue decline of 12.2% year-on-year to $868 million, missing the consensus of $904.7 million.…
Recap: Ciena Q3 Earnings
Ciena (NYSE:CIEN) reported its Q3 earnings results on Thursday, September 1, 2022 at 07:00 AM.
Here's what investors need to know about the announcement.
Earnings
Ciena reported in-line EPS of $0.33 versus an estimate of $0.33.
Earnings Scheduled For September 1, 2022
Companies Reporting Before The Bell
• Hello Gr (NASDAQ:MOMO) is projected to report quarterly earnings at $0.25 per share on revenue of $445.33 million.
Needham Remains Bullish On Ciena Ahead Of Its Quarterly Results As Supply Appears To Be Improving
Ciena Corp (NYSE: CIEN) reports quarterly results on September 1 before the market opens.
Needham analyst Alex Henderson expects another supply-constrained quarter, with Orders above Shipments and Revenues modestly ahead of forecast.
Why This Ciena Analyst Sees ‘Opportunity For Meaningful Growth’ Ahead
Ciena Corporation (NYSE: CIEN) is set up well for the coming quarters, with pent up demand for high-speed networks and the easing of supply chain headwinds, according to Morgan Stanley.
Analyst Ratings for Ciena
Within the last quarter, Ciena (NYSE:CIEN) has observed the following analyst ratings:
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Cowen & Co. Maintains Outperform on Ciena, Lowers Price Target to $82
Cowen & Co. analyst Paul Silverstein maintains Ciena (NYSE:CIEN) with a Outperform and lowers the price target from $96 to $82.