US1717793095 - Common Stock
CIENA CORP
NYSE:CIEN (12/18/2024, 10:40:58 AM)
88.11
-0.03 (-0.03%)
Ciena Corp. engages in the provision of network and communication infrastructure. The company is headquartered in Hanover Maryland, Maryland and currently employs 8,781 full-time employees. The Company’s solutions enable a range of network operators to deploy and manage networks that deliver services to businesses and consumers. Its segments include Networking Platforms, Platform Software and Services, Blue Planet Automation Software and Services, and Global Services. Its Networking Platforms segment consists of its Optical Networking and Routing and Switching portfolios. Its Platform Software and Services segment provides domain control management, analytics, data and planning tools and applications to manage networks. Its Blue Planet Automation Software and Services segment includes multi-domain service orchestration (MDSO), inventory management (BPI), route optimization and analysis (ROA), multi-cloud orchestration (MCO), and unified assurance and analytics (UAA). Global Services segment offers a suite of value-added services that help its customers to build, operate and improve their networks.
CIENA CORP
7035 Ridge Road
Hanover Maryland MARYLAND 21076
P: 14108658500
CEO: Gary B. Smith
Employees: 8398
Website: https://www.ciena.com/
Here’s what could be next for the AI network provider.
Ciena Corp (NYSE:CIEN) stock surged after BofA Securities upgraded it from Neutral to Buy and raised its price target from $70 to $95. Needham analyst Ryan Koontz maintained Ciena with a Buy and raised the price target from $80 to $95. Additionally, Northland Capital Markets, and Stifel raised their respective price targets on the stock. On Thursday, Ciena reported a fiscal fourth-quarter 2024 revenue decline of 0.5% to $1.12 billion, beating the analyst estimate of $1.10 billion. The adjusted E
The Nasdaq held at highs, but the broader market struggled as yields jumped.
The optical networking expert didn't hit fourth-quarter results out of the ballpark, but it did set up ambitious goals for the years ahead.
Thursday's session: gap up and gap down stocks
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