Though Ciena's (CIEN +2.1%) FQ1 revenue was only in-line, its gross margin (43.4%, +260 bps Q/Q and -120 bps Y/Y) and opex ($199.8M, -5% Q/Q and +13% Y/Y) were favorable to guidance for a low-40s GM and $205M in opex.
Nomura's Stuary Jeffrey has upped his Ciena FY16 (ends Oct. '16) EPS forecast to $2.33 from $1.92, and predicts the Ericsson deal will lift Ciena's EMEA/Asia-Pac share by 2%. He expects the gross margin for Ericsson-related revenue to be 500 bps lower ...
Ciena Corporation (NASDAQ:CIEN) is a provider of communications networking equipment, software and services that support the transport, switching, aggregation and management of voice, video and data traffic.
Ciena Corp. logo Investment analysts at Evercore Partners boosted their target price on shares of Ciena Corp. (NASDAQ:CIEN) from $28.00 to $32.00 in a note issued to investors on Tuesday, Analyst Ratings Network.