Ciena Expects Fiscal 2024 Rev In A Range Of $4B-$4.3B, Down From Previous Expectations For 1%-4% Growth (2024 Revenue Estimate $4.5B)
Portfolio Pulse from Benzinga Newsdesk
Ciena has revised its fiscal 2024 revenue expectations to a range of $4B-$4.3B, a decrease from its previous forecast of 1%-4% growth, which would have implied a revenue estimate of around $4.5B.
March 07, 2024 | 3:49 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Ciena has lowered its fiscal 2024 revenue forecast to $4B-$4.3B, indicating a potential slowdown in growth.
Ciena's revision of its fiscal 2024 revenue forecast to a lower range than previously expected suggests a potential slowdown in its business growth. This revision is likely to negatively impact investor sentiment and could lead to a decrease in the stock price in the short term, as it falls short of the market's expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100