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Countdown to Earnings: Ciena, Elastic, and HashiCorp in the Spotlight

  • August 27th, 2023
  • 243 views

Some of the companies slated to unveil their financial results on Thursday, August 31, include:

Ciena Corporation (NYSE: CIEN), a significant player in the technology industry, is set to report its fiscal third quarter 2023 financial results before the opening of the financial markets.

Analysts are anticipating an earnings per share (EPS) of $0.51, along with revenue totaling $1.04 billion.

$CIEN closed at $41.49 on Friday, up $0.38 (+0.92%).

Elastic N.V. (NYSE: ESTC), a recognized name in data analytics solutions, will release its financial results for the first quarter of fiscal 2024 after the U.S. market's closure.

The consensus EPS estimate stands at $0.11, with revenue projected to reach $284.48 million.

On Friday, $ESTC closed at $60.03, reflecting an increase of $0.65 (+1.09%).

HashiCorp, Inc. (Nasdaq: HCP), a key presence in cloud infrastructure automation, will be releasing financial results for its second quarter of fiscal year 2024 following the close of the U.S. markets.

Analysts are expecting a loss of $0.15 per share on revenue amounting to $138.22 million.

$HCP closed at $28.93 on Friday, marking a rise of $0.61 (+2.15%).

 

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)

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