Stifel Reiterates Buy Rating on CIENA (CIEN)
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September 4, 2024 7:01 AM EDT
HANOVER, Md.--(BUSINESS WIRE)--
Ciena® Corporation (NYSE: CIEN) today announced that James E. Moylan, Jr., Senior Vice President and Chief Financial Officer (CFO), plans to retire in twelve months, effective August 28, 2025. Ciena intends to commence a search process to identify a successor. Mr.... More
September 4, 2024 7:00 AM EDT
HANOVER, Md.--(BUSINESS WIRE)--
Ciena® Corporation (NYSE: CIEN), a networking systems, services and software company, today announced unaudited financial results for its fiscal third quarter ended July 27, 2024.
Q3 Revenue: $942.3 million
Q3 Net Income per Share: $0.10 GAAP; $0.35 adjusted (non-GAAP)
Share Repurchases: Repurchased approximately 0.6 million shares of common stock for an aggregate price of $29.0 million during the quarter
"We delivered strong results for the fiscal third quarter that reflect growing momentum... More
