Ciena Stock Tumbles as Profit Misses Estimates. What We Know. -- Barrons.com

Dow Jones

2024-12-12

By Emily Dattilo

Shares of Ciena were trading lower after the optical networking equipment company reported disappointing quarterly earnings.

For its fiscal fourth quarter ended Nov. 2, Ciena reported adjusted earnings of 54 cents, missing Wall Street's call for 65 cents, according to FactSet. Revenue of $1.12 billion topped the consensus estimate of $1.1 billion.

"Our Q4 revenue and strong order flow reflect our significant and increasing technology leadership and positive industry dynamics," said CEO Gary Smith in a statement. "As Cloud and AI drive bandwidth demand across the network, we are positioned for accelerated revenue growth and market share expansion moving forward."

Ciena stock fell 5.7% to $69.03 in premarket trading Thursday.

Write to Emily Dattilo at emily.dattilo@dowjones.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

December 12, 2024 07:17 ET (12:17 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 12, 2024 07:17 ET (12:17 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones & Company, Inc.\n</p>\n</font></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta content=\"text/html; charset=utf-8\" http-equiv=\"Content-Type\"/>\n<meta content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\" name=\"viewport\"/>\n<meta content=\"telephone=no,email=no,address=no\" name=\"format-detection\"/>\n<title>Ciena Stock Tumbles as Profit Misses Estimates. 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What We Know. -- Barrons.com\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\">\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-12-12 20:17</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Emily Dattilo \n</p>\n<p>\n  Shares of Ciena were trading lower after the optical networking equipment company reported disappointing quarterly earnings. \n</p>\n<p>\n     For its fiscal fourth quarter ended Nov. 2, Ciena reported adjusted earnings of 54 cents, missing Wall Street's call for 65 cents, according to FactSet. Revenue of $1.12 billion topped the consensus estimate of $1.1 billion. \n</p>\n<p>\n     \"Our Q4 revenue and strong order flow reflect our significant and increasing technology leadership and positive industry dynamics,\" said CEO Gary Smith in a statement. \"As Cloud and AI drive bandwidth demand across the network, we are positioned for accelerated revenue growth and market share expansion moving forward.\" \n</p>\n<p>\n     Ciena stock fell 5.7% to $69.03 in premarket trading Thursday. \n</p>\n<p>\n     Write to Emily Dattilo at emily.dattilo@dowjones.com \n</p>\n<p>\n     This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 12, 2024 07:17 ET (12:17 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones & Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0154245673.USD","symbol_name":"BNP PARIBAS US MID CAP \"C\" (USD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2490807857","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490807857","pubTimestamp":1734005820,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Ciena were trading lower after the optical networking equipment company reported disappointing quarterly earnings.For its fiscal fourth quarter ended Nov. 2, Ciena reported adjusted earnings of 54 cents, missing Wall Street's call for 65 cents, according to FactSet. 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Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0154245673.USD":"BNP PARIBAS US MID CAP \"C\" (USD) INC","BK4515":"5G概念","CIEN":"Ciena科技","BK4020":"通信设备","LU0823421333.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) ACC","LU0823421416.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) INC","LU1989764664.SGD":"CPR Invest - Global Disruptive Opportunities A2 Acc SGD-H","LU0154245756.USD":"BNP PARIBAS US MID CAP \"C\" (USD) ACC"},"translate_title":"由于利润低于预期，Ciena股价暴跌。我们所知道的。——Barrons.com","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CIEN":1},"content_text":"By Emily Dattilo \n\n\n  Shares of Ciena were trading lower after the optical networking equipment company reported disappointing quarterly earnings. \n\n\n     For its fiscal fourth quarter ended Nov. 2, Ciena reported adjusted earnings of 54 cents, missing Wall Street's call for 65 cents, according to FactSet. Revenue of $1.12 billion topped the consensus estimate of $1.1 billion. \n\n\n     \"Our Q4 revenue and strong order flow reflect our significant and increasing technology leadership and positive industry dynamics,\" said CEO Gary Smith in a statement. \"As Cloud and AI drive bandwidth demand across the network, we are positioned for accelerated revenue growth and market share expansion moving forward.\" \n\n\n     Ciena stock fell 5.7% to $69.03 in premarket trading Thursday. \n\n\n     Write to Emily Dattilo at emily.dattilo@dowjones.com \n\n\n     This content was created by Barron's, which is operated by Dow Jones & Co. 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