Raymond James Maintains Outperform on Ciena, Lowers Price Target to $75
Raymond James analyst Simon Leopold maintains Ciena (NYSE:CIEN) with a Outperform and lowers the price target from $80 to $75.
Mid-Day Market Update: Nasdaq Drops 250 Points; Bed Bath & Beyond Shares Surge
U.S. stocks traded lower midway through trading, with the Nasdaq dropping 250 points on Monday. The Secretary of State Antony Blinken said on Sunday that the United States and its allies are considering a ban on Russian oil and natural gas imports.
Mid-Morning Market Update: Markets Open Lower; Dow Dips Over 350 Points
U.S. stocks opened on a downbeat note this morning. The Secretary of State Antony Blinken said on Sunday that the United States and its allies are considering a ban on Russian oil and natural gas imports.
Ciena: Q1 Earnings Insights
Ciena (NYSE:CIEN) reported its Q1 earnings results on Monday, March 7, 2022 at 07:00 AM.
Here's what investors need to know about the announcement.
Earnings
Ciena beat estimated earnings by 4.44%, reporting an EPS of $0.47 versus an estimate of $0.45.
Ciena Q1 EPS $0.47 Beats $0.45 Estimate, Sales $844.40M Miss $856.85M Estimate
Ciena (NYSE:CIEN) reported quarterly earnings of $0.47 per share which beat the analyst consensus estimate of $0.45 by 4.44 percent. This is a 9.62 percent decrease over earnings of $0.52 per share from the same period
Earnings Scheduled For March 7, 2022
Companies Reporting Before The Bell
• Niu Technologies (NASDAQ:NIU) is expected to report quarterly earnings at $0.21 per share on revenue of $144.02 million.
Ciena Earnings Preview
Ciena (NYSE:CIEN) is set to give its latest quarterly earnings report on Monday, 2022-03-07. Here's what investors need to know before the announcement.
Analysts estimate that Ciena will report an earnings per share (EPS) of $0.45.
