CIEN - Ciena Likely To Report Lower Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts | Benzinga
Ciena Corporation (NYSE: CIEN) is expected to release earnings results for its first quarter, before the opening bell on March 7, 2024.
Analysts expect the Hanover, Maryland-based company to report quarterly earnings at 48 cents per share, down from 64 cents per share in the year-ago period. Ciena is projected to report quarterly revenue of $1.02 billion, according to data from Benzinga Pro.
On Dec. 7, Ciena reported a fourth-quarter FY23 revenue growth of 16% year-on-year to $1.129 billion, beating the consensus estimate of $1.095 billion.
Ciena shares gained 1.4% to close at $61.96 on Wednesday.
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