Latest news with #Ciena
Yahoo
an hour ago
- Business
- Yahoo
Circle soars with IPO, Ciena sinks, Planet Labs Q1 beat
Market Domination co-host Julie Hyman tracks today's top moving stocks and biggest market stories in this Market Minute. Circle Internet Group (CRCL) soars after the stablecoin issuer debuted on the NYSE, signaling strong investor demand for crypto assets. Ciena (CIEN) stock drops as the network gear maker posts a first quarter earnings miss, with rising operating expenses and disappointing gross margins. Meanwhile, Planet Labs (PL) shares jumped after beating first quarter revenue estimates. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.
Yahoo
2 hours ago
- Business
- Yahoo
Why Ciena Stock Is Plummeting Today
Ciena beat sales expectations for fiscal Q2, but earnings came in below Wall Street's target. Sales to large cloud customers helped power big sales growth, but margins were softer than anticipated. Ciena's forward sales and margin guidance has also underwhelmed investors. 10 stocks we like better than Ciena › Ciena (NYSE: CIEN) stock is sinking in Thursday's trading after the company published its latest quarterly results. The optical technologies and software specialist's share price is down 12.2% as of 12:15 p.m. ET. Before the market opened this morning, Ciena published results for the second quarter of its current fiscal year, which ended May 3. While the business's sales for the period topped the market's expectations, earnings came in lower than anticipated. Ciena recorded non-GAAP (generally accepted accounting principles) adjusted earnings per share of $0.42 on sales of $1.13 billion in fiscal Q2. For comparison, the average Wall Street analyst estimate had called for the business to post adjusted earnings per share of $0.52 on revenue of $1.09 billion. Ciena's sales were up roughly 24% year over year in the period, and adjusted earnings per share were up roughly 56% compared to the prior-year period. But while the business delivered a solid sales beat, investors aren't happy with lower-than-anticipated margins and softer forward guidance. Ciena is guiding for sales to be between $1.13 billion and $1.21 billion in fiscal Q3 -- good for growth of roughly 24% at the midpoint of the target range. On the other hand, it looks like growth will decelerate significantly in the fourth quarter. Management expects the business to post full-year sales growth of roughly 14%. Meanwhile, the company's gross margin for the year is now projected to come in at the low end of management's previous guidance for a gross margin between 42% and 44%. Ciena's fiscal Q2 results and forward guidance weren't terrible by any stretch, but they do suggest some unevenness as the company continues to pursue its expansion initiatives. Before you buy stock in Ciena, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Ciena wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $668,538!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $869,841!* Now, it's worth noting Stock Advisor's total average return is 789% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Ciena Stock Is Plummeting Today was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
4 hours ago
- Business
- Yahoo
Compared to Estimates, Ciena (CIEN) Q2 Earnings: A Look at Key Metrics
Ciena (CIEN) reported $1.13 billion in revenue for the quarter ended April 2025, representing a year-over-year increase of 23.6%. EPS of $0.42 for the same period compares to $0.27 a year ago. The reported revenue represents a surprise of +2.78% over the Zacks Consensus Estimate of $1.1 billion. With the consensus EPS estimate being $0.52, the EPS surprise was -19.23%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Ciena performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Revenue- Total Networking Platforms: $866.30 million versus $829.74 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +28.1% change. Revenue- Total Global Services: $146.20 million compared to the $144.17 million average estimate based on four analysts. The reported number represents a change of +8.5% year over year. Revenue- Software and Services- Total (Platform+Blue Planet Automation): $113.40 million compared to the $117.98 million average estimate based on four analysts. The reported number represents a change of +13.6% year over year. Revenue- Networking Platforms- Routing and Switching: $92.70 million versus $103.56 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -20.2% change. Revenue- Networking Platforms- Optical Networking: $773.60 million compared to the $723.28 million average estimate based on three analysts. The reported number represents a change of +38.1% year over year. Revenue- Products: $898.58 million versus $874.35 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +28.1% change. Revenue- Blue Planet Automation Software and Services: $28 million versus $25.43 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +94.4% change. Revenue- Platform Software and Services: $85.40 million versus $100.05 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a 0% change. Revenue- Services: $227.30 million versus the three-analyst average estimate of $222.76 million. The reported number represents a year-over-year change of +8.5%. Gross profit- Products: $348.60 million versus the three-analyst average estimate of $356.09 million. Gross profit- Services: $104.24 million versus $100.18 million estimated by three analysts on average. View all Key Company Metrics for Ciena here>>>Shares of Ciena have returned +14.4% over the past month versus the Zacks S&P 500 composite's +5.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ciena Corporation (CIEN) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
6 hours ago
- Business
- Yahoo
Robinhood stock edges higher on strong May 2025 operating data
-- Shares of Robinhood (NASDAQ: NASDAQ:HOOD) climbed 1.6% as the company provided a glimpse into its May 2025 operating data, indicating robust growth across several key metrics. The trading platform's assets, trading volumes, and margin balances reached record highs, signaling a positive market response to its recent performance. The early data released by Robinhood revealed that total platform assets surged to over $250 billion, marking a significant milestone for the company. Trading volumes for the month of May showed a sequential increase from April 2025, with equity notional trading volumes jumping over 10%, option contracts traded climbing more than 5%, and crypto notional trading volumes soaring over 30% month-over-month. Despite the conclusion of customer promotions that ran from January to April 2025, net deposits in May moderated to approximately $3.5 billion. However, the year-to-date figure through May stood at around $28 billion, which is a substantial increase of over 40% compared to the same period from January to May of the previous year. Additionally, Robinhood reported that margin balances reached a record high of approximately $9 billion at the end of May, while cash sweep balances also hit a new peak of over $30 billion. The company has announced plans to release the full set of operating data for May 2025 in the upcoming weeks, which could provide further insights into its financial trajectory. Related articles Robinhood stock edges higher on strong May 2025 operating data Silver mining stocks surge as spot silver hits 13-year high Ciena shares fall as Q2 earnings miss overshadows revenue beat Sign in to access your portfolio
Yahoo
6 hours ago
- Business
- Yahoo
Ciena (CIEN) Q2 Earnings Miss Estimates
Ciena (CIEN) came out with quarterly earnings of $0.42 per share, missing the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.27 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -19.23%. A quarter ago, it was expected that this developer of high-speed networking technology would post earnings of $0.39 per share when it actually produced earnings of $0.64, delivering a surprise of 64.10%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Ciena , which belongs to the Zacks Communication - Components industry, posted revenues of $1.13 billion for the quarter ended April 2025, surpassing the Zacks Consensus Estimate by 2.78%. This compares to year-ago revenues of $910.83 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Ciena shares have lost about 1.1% since the beginning of the year versus the S&P 500's gain of 1.5%. While Ciena has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Ciena: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.60 on $1.11 billion in revenues for the coming quarter and $2.50 on $4.44 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Communication - Components is currently in the bottom 43% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the broader Zacks Computer and Technology sector, Anterix (ATEX), has yet to report results for the quarter ended March 2025. This wireless communications company is expected to post quarterly loss of $0.43 per share in its upcoming report, which represents a year-over-year change of +15.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Anterix's revenues are expected to be $1.58 million, up 25% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ciena Corporation (CIEN) : Free Stock Analysis Report Anterix Inc. (ATEX) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
