Ciena Set to Report Q2 on June 4 as AI Demand Drives 28% Revenue Growth Outlook

3 articles · Updated · The Motley Fool · May 31

June 4 is Ciena's next catalyst, with the networking supplier due to post fiscal Q2 results after a strong fiscal Q1 and rising expectations for another AI-led beat.
AI data-center demand is lifting Ciena's optical networking business, helping fiscal Q1 revenue climb 33% to $1.43 billion and adjusted earnings jump 111% year over year.
Management said demand is outpacing supply for at least the next several quarters, supporting higher prices, margin gains in the second half, and a $2 billion order intake that left backlog at $7 billion.
Full-year guidance points to 28% revenue growth to about $6.1 billion, while the broader data-center interconnect market is projected to expand from under $19 billion this year to nearly $65 billion by 2035.

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