Reports Q4 revenue $1.13B, consensus $1.09B. “Today we reported strong fiscal fourth quarter results, driven by positive demand dynamics, particularly with cloud provider customers. We delivered an outstanding fiscal year with 21% growth in revenue, gaining significant market share and further advancing our industry leadership position,” said Gary Smith, president and CEO, Ciena. “Looking ahead, as we execute on our strategy to extend our market leadership in optical while expanding our opportunities in routing and switching, we expect to continue to grow revenue faster than the market and take share.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on CIEN:
- Options Volatility and Implied Earnings Moves Today, December 07, 2023
- Needham comm infrastructure analyst holds analyst/industry conference call
- Ciena Corporation (CIEN) Q4 Earnings Cheat Sheet
- Options Volatility and Implied Earnings Moves This Week, December 04 – December 08, 2023
- Ciena adds domestic manufacturing through expanded agreement with Flex