Ciena beat Q1 expectations with EPS of $0.64 and revenue of $1.07 billion

From StockTwits: 2025-03-12 03:00:45

Ciena Corp. exceeded Wall Street expectations with its first-quarter results, reporting earnings per share of $0.64, beating estimates of $0.41. The company’s revenue of $1.07 billion also surpassed expectations, growing by over 17% year-over-year. CEO Gary Smith expressed optimism about Ciena’s growth prospects for fiscal year 2025, citing strong momentum and positive demand dynamics. Despite a decline of nearly 25% year-to-date, the stock has gained over 24% in the past year. Analysts have mixed ratings on the stock, with an average price target of $87.93, suggesting a 37% upside from current levels.



Read more at StockTwits: Ciena Stock Gains Aftermarket On Q1 Results Beat, But Retail’s Still Bearish