Ciena's Next Earnings Report on September 3 Could Send the Stock Soaring. Here's Why.
Expectations are quite high for the optical networking hardware specialist.
Overview
Thursday is going to be an important day for Ciena (NYSE:CIEN) investors, as it's when their company unveils a fresh quarterly earnings report. Not for the first time, hopes are high for the tech hardware maker. It's one of the better-known equipment suppliers helping to feed the feverish build-out of artificial intelligence (AI) compute. As such, analysts are -- again -- predicting extremely robust growth.
Ciena has a recent history of not only hitting that mark but also beating the consensus estimates of those prognosticators. This, however, didn't help its stock rise after the previous earnings report. Here's what might get the shares to defy gravity this time around.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.