CIEN

SentinelOne S reported first-quarter fiscal 2027 earnings of 4 cents per share, which surpassed the Zacks Consensus Estimate by 100%. The company registered earnings of 2 cents per share in the year-ago quarter.Revenues of $276.7 million increased 21% year over year but missed the consensus mark by 0.2%. As of April 30, 2026, annualized recurring revenues (ARR) grew 23% year over year to $1.16 billion. Customers with more than $100,000 in ARR increased 17% year over year to 1,702, driven by continued momentum in enterprise expansion and strong adoption of the company’s platform solutions.SentinelOne’s shares were up 0.39% at the time of writing this article. The company's shares have increased 20.1% in the year-to-date period, surpassing the Zacks Computer & Technology sector’s rise of 19.2%. SentinelOne, Inc. price-consensus-eps-surprise-chart | SentinelOne, Inc. Quote Adjusted gross profit was 77% in the reported quarter, which contracted roughly 200 bps year over year.Total operating expenses of $202.2 million increased 9.1% year over year due to higher research and development expenses (up 28.1% year over year), general and administrative expenses (up 11.1% year over year), partially offset by sales and marketing expenses (down 0.2% year over year).Non-GAAP operating income totaled $10.5 million compared to an operating loss of $3.9 million in the year-ago quarter. As of April 30, 2026, SentinelOne had cash, cash equivalents and investments of $812 million.Operating cash flow was $38.5 million in the quarter.Adjusted free cash flow was $61.4 million compared with $45.4 million reported in the year-ago quarter, while adjusted free cash flow margin improved to 22% from 20%. For the second-quarter fiscal 2027, SentinelOne expects revenues between $289 million and $291 million.The company expects non-GAAP operating income in the range of $23-$25 million.Non-GAAP earnings are expected to be between 6 cents and 8 cents per share for the second-quarter fiscal 2027.For fiscal 2027, revenues are still forecasted to be between $1.195 billion and $1.205 billion.The company raised its non-GAAP operating income outlook to $115-$125 million.Non-GAAP earnings are expected to be between 32 cents and 38 cents per share for fiscal 2027. Currently, S carries a Zacks Rank #3 (Hold).Micron Technology MU, Ciena CIEN and Amphenol APH are some better-ranked stocks that investor...

Broadcom stock is near highs ahead of earnings, along with other hot tech stocks like Credo Technology and fiber optic leader Ciena.

Autodesk, Inc.ADSK delivered a strong first-quarter fiscal 2027 performance, with non-GAAP earnings of $2.99 per share, up 30.6% year over year. The figure surpassed the Zacks Consensus Estimate of $2.84 by 5.3%. Revenues rose 18% year over year to $1.93 billion, beating the Zacks Consensus Estimate by 2.1%, reflecting steady execution across core design and manufacturing workflows, and continued strength in construction and emerging markets.Autodesk delivered a strong first-quarter fiscal 2027 performance, driven by sustained momentum across Architecture, Engineering, Construction and Operations (“AECO”), particularly in construction and emerging markets. Strength in industry segments tied to infrastructure, industrial buildings and data centers more than offset softness in commercial real estate.The company also benefited from stronger-than-expected upfront revenues, solid renewal rates and healthy billings growth during the quarter. Management remains confident in Autodesk’s long-term growth trajectory, supported by its platform strategy centered on cloud, data and AI, expanding agentic AI capabilities. The company’s connected ecosystem is designed to enable more integrated and data-driven workflows across the design, make and operate lifecycle. Autodesk, Inc. price-consensus-eps-surprise-chart | Autodesk, Inc. Quote Net revenue retention remained above 110% on a constant-currency basis, supported in part by the company’s new transaction model and sustained expansion within its subscription base. Autodesk’s restructured revenue reporting continues to present results across Design, Make and Other categories.Design revenues (82.9% of total revenues) increased 18% year over year to $1.61 billion, remaining the dominant contributor to total revenues.Make Revenues (11.6% of total revenues) rose 25% year over year to $224 million, reflecting ongoing strength in manufacturing and industrial workflows.Other revenues (5.1% of total revenues) increased 5% year over year to $98 million.Billings increased 18% year over year to $1.69 billion. Management noted that the new transaction model contributed approximately 1.5 percentage points to billings growth during the quarter. The shift toward annual billing for most multi-year contracts is expected to reduce billing volatility going forward.Region-wise, revenues from the Americas (43.6% of revenues) increased 16% year...

GitLab GTLB is set to release its first-quarter fiscal 2027 results on June 2, 2026.The company expects first-quarter fiscal 2027 revenues between $253 million and $255 million, indicating approximate year-over-year growth of 19%. Non-GAAP fiscal first-quarter earnings are expected to be between 20 cents and 21 cents per share.The Zacks Consensus Estimate for first-quarter fiscal 2027 revenues is pegged at $253.9 million, indicating an increase of 18.3% from the year-ago quarter’s reported figure. The consensus mark for earnings has remained unchanged at 20 cents per share over the past 30 days. GitLab reported earnings of 17 cents per share in the year-ago quarter. GitLab Inc. price-eps-surprise | GitLab Inc. Quote GTLB beat the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average earnings surprise of 29.6%. Let us see how things have shaped up for the upcoming announcement. GitLab’s first-quarter fiscal 2027 performance is expected to have benefited from continued momentum in its AI-driven DevSecOps offerings and expanding go-to-market initiatives. The company highlighted that sales-led first orders began reaccelerating in the second quarter of fiscal 2026, while product-led growth improved, with four consecutive months of better logo trends entering fiscal 2027.The continued rollout of GitLab Duo Agent Platform (“DAP”) is also expected to have contributed to customer engagement in the to-be-reported quarter. The company cited growing customer interest in automating software development tasks, including vulnerability remediation, dependency updates and cloud migrations. GitLab also introduced usage-based pricing and included DAP promotional credits with Premium and Ultimate subscriptions to accelerate platform adoption. GitLab’s expanding enterprise customer base and strengthening position in the DevSecOps platform category are expected to have supported growth in the first quarter of fiscal 2027. In fourth-quarter fiscal 2026, customers with more than $100,000 of ARR increased 18% year over year to 1,456, representing more than 75% of ARR. The company also added the highest number of $1 million-plus customers in its history during the quarter, with the cohort growing 26% year over year to more than 155 customers. This reflects strong enterprise adoption and customer expansion trends for GitLab.GitLab’s SaaS and higher-tier...

MongoDB, Inc.MDB delivered first-quarter fiscal 2027 non-GAAP earnings of $1.32 per share, up 32% year over year and beating the Zacks Consensus Estimate by 11.86%.Total revenues increased 25.3% year over year to $687.62 million and surpassed the consensus estimate by 3.84%.Segment-wise, subscription revenues rose 25% year over year to $666.1 million, representing the dominant share of total revenues. Services revenues increased 22% year over year to $21.5 million, reflecting continued strength in the company’s subscription-led business model.Within subscription revenues, Atlas-related revenues totaled $512.5 million, while MongoDB Enterprise Advanced and other revenues were $153.7 million. Management noted that Atlas represented roughly three-quarters of total first-quarter revenues, underscoring the continued momentum in the company’s cloud platform business. MongoDB, Inc. price-consensus-eps-surprise-chart | MongoDB, Inc. Quote The company ended the fiscal first quarter with more than 67,700 customers, up from 57,100 in the prior-year period, adding 2,500 customers sequentially during the quarter.Atlas customers exceeded 66,400 by the end of the quarter, increasing from 55,800 in the year-ago period.In the first quarter of fiscal 2027, MongoDB had 2,895 customers with annual recurring revenues of at least $100,000, up from 2,506 in the prior-year quarter. Revenue growth from this cohort outpaced overall company revenue growth, reflecting sustained enterprise adoption.The company also highlighted expanding platform adoption, with 45% of Atlas customers generating at least $100,000 in ARR using two or more features compared with 37% in the prior-year quarter. Total company net ARR expansion improved to 121%, reflecting healthy customer consumption trends. In the fiscal first quarter, MongoDB’s non-GAAP gross profit was $512.2 million, while the non-GAAP gross margin remained stable year over year at 74%.Non-GAAP sales and marketing expenses increased 18.6% year over year to $214.7 million. Sales and marketing expenses, as a percentage of revenues, decreased 170 basis points (bps) year over year to 31.2%.Non-GAAP research and development expenses grew 26.5% on a year-over-year basis to $127.1 million. Research and development, as a percentage of revenues, increased 20 bps year over year to 18.5%.Non-GAAP general and administrative expenses rose 25.5% year ov...

Wall Street expects a year-over-year increase in earnings on higher revenues when Ciena (CIEN) reports results for the quarter ended April 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on June 4. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. This developer of high-speed networking technology is expected to post quarterly earnings of $1.46 per share in its upcoming report, which represents a year-over-year change of +247.6%. Revenues are expected to be $1.5 billion, up 33.6% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 0.37% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the mod...

Nutanix, Inc.NTNX delivered third-quarter fiscal 2026 non-GAAP earnings of 47 cents per share, which topped the Zacks Consensus Estimate by 34.29% and improved 11.9% year over year.Revenues rose 10% year over year to $703.1 million, beating the consensus mark by 2.53%. The average contract duration increased to 3.4 years from 3.1 years in the year-ago quarter. Longer contract duration can help improve revenue visibility for a subscription-heavy model while reflecting customers’ willingness to commit to longer-term platform deployments. Product revenues (51.9% of total revenues) increased 5.6% year over year to $364.9 million. Support, maintenance & other services revenues (48.1% of total revenues) rose 15.2% to $338.1 million. Nutanix price-consensus-eps-surprise-chart | Nutanix Quote Subscription revenues (94.6% of total revenues) climbed 9% to $664.8 million from the year-ago quarter’s figure. Professional services and other revenues (5.4% of total revenues) improved 30.5% to $38.3 million. Annual recurring revenues (ARR) grew 15% year over year to $2.43 billion, reflecting continued momentum in the company’s subscription model. Nutanix added 730 new logos, up 18% year over year, signaling continued customer acquisition despite what management described as a dynamic environment. The company’s cumulative customer count rose to 31,710 by the end of the quarter, reflecting the steady expansion of its installed base. In the fiscal third quarter, Nutanix’s non-GAAP gross margin contracted 40 basis points year over year to 87.8%.Non-GAAP operating expenses increased 8% year over year to $460.5 million.Non-GAAP operating income totaled $156.5 million, up 14.2% from the year-ago quarter.Non-GAAP operating margin was 22.3%, up 80 bps from the year-ago quarter. The company highlighted that operating income expanded from the prior-year period, driven by improved operating leverage alongside revenue growth. As of April 30, 2026, cash and cash equivalents plus short-term investments totaled $2.01 billion, up from $1.87 billion as of Jan. 31, 2026.During the third quarter of fiscal 2026, cash generated from operating activities was $207.5 million and free cash flow was $197.2 million, underscoring the company’s ability to translate operating execution into cash even as it continues investing in growth initiatives.Shareholder returns also received an incremental lift. Nu...

Box BOX reported first-quarter fiscal 2027 non-GAAP earnings of 37 cents per share, which increased 23.3% year over year. The figure surpassed the Zacks Consensus Estimate by 2.78%. Revenues of $305.9 million increased 10.7% from the year-ago quarter and edged past the consensus mark by 0.64%. Box shares were down 1.08% at the time of writing this article. In the year-to-date period, BOX shares dropped 14.4%, underperforming the Zacks Computer and Technology sector’s return of 17.4%. Billings were $255.4 million in the reported quarter, up 5% year over year on a reported basis and 13% on a cc basis. Management attributed the strength to robust bookings momentum rather than early renewals or unusual payment behavior. A key contributor was the continued mix shift toward Suites. Suites customers accounted for 67% of revenues, up from 61% a year ago, underscoring the company’s progress in consolidating demand around higher-value bundles that incorporate workflow and AI capabilities. Box, Inc. price-consensus-eps-surprise-chart | Box, Inc. Quote The quarter reflected stronger adoption of Enterprise Advanced and broader Box AI usage. Net retention rate improved to 105%, indicating healthier expansion within the installed base, as customers leaned further into intelligent workflow use cases. Customer quality also strengthened. Customers paying at least $100,000 annually grew 11% year over year, supporting the view that enterprise-oriented deployments remain a meaningful driver of Box’s growth profile. The company’s remaining performance obligations (RPO) totaled $1.6 billion, up 12% year over year on a reported basis and 16% on a cc basis, reflecting the benefit of strong contract durations and sustained customer commitments. This includes $880.2 million in short-term RPO (up 8% on a reported basis and 12% on a constant currency basis) and $761.7 million in long-term RPO (up 16% year over year on a reported basis and 22% on cc basis). Profitability expanded alongside the stronger top-line trajectory. The non-GAAP gross margin for first-quarter fiscal 2027 improved to 81.5% from 80.5% in the year-ago period, reflecting continued scale benefits in the model. Operating leverage also showed up in operating profitability. Non-GAAP operating margin rose to 27.7% from 25.3% a year earlier, pointing to a better balance between growth investments and expense discipline. As...

American Superconductor (AMSC) came out with quarterly earnings of $0.3 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.12 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +62.16%. A quarter ago, it was expected that this wind turbine component maker would post earnings of $0.15 per share when it actually produced earnings of $2.75, delivering a surprise of +1733.33%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. American Superconductor, which belongs to the Zacks Electronics - Miscellaneous Components industry, posted revenues of $86.41 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 5.96%. This compares to year-ago revenues of $66.65 million. The company has topped consensus revenue estimates three 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. American Superconductor shares have added about 84.6% since the beginning of the year versus the S&P 500's gain of 9.8%. While American Superconductor has outperformed 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 American Superconductor was 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...

Digital Turbine APPS delivered fourth-quarter fiscal 2026 adjusted earnings of 16 cents per share, up 60% year over year. The figure beat the Zacks Consensus Estimate by 77.8%.Net revenues totaled $142.55 million, up 19.6% from the year-ago quarter and surpassing the consensus estimate of $133.23 million by about 7%. Strength in the App Growth Platform and a sharp year-over-year jump in adjusted EBITDA were key highlights.By segment, Digital Turbine’s On Device Solutions generated $91.0 million of net revenues before intercompany eliminations, rising 5% year over year. This performance signaled steadier device-level demand and execution across distribution channels, even as the company continues to optimize its partner mix.The share price of Digital Turbine is up 5.71% at the time of writing this article. Digital Turbine, Inc. price-consensus-eps-surprise-chart | Digital Turbine, Inc. Quote The non-GAAP gross margin expanded 200 basis points (bps) year over year to 50%.Sales and marketing expenses, as a percentage of revenues, decreased 10 bps from the year-ago quarter’s level to 10.3%.General and administrative expenses, as a percentage of revenues, decreased from the year-ago quarter’s level of 33.5% to 23.9%.Product development expenses, as a percentage of revenues, decreased 50 bps to 6.2%.Non-GAAP EBITDA was $31.4 million as compared with $20.5 million in the year-ago quarter, indicating an increase of 53% year over year.Digital Turbine reported a non-GAAP operating income of $10.5 million, up from an operating loss of $11.7 million reported in the year-ago quarter, reflecting the combined impact of higher scale and better expense discipline. As of March 31, 2026, cash and cash equivalents (including restricted cash) were $38 million compared with $40 million as of Dec. 31, 2025. In the reported quarter, the company generated cash flow from operations of $4.38 million compared with $14.17 million in the previous quarter.In the reported quarter, the company reported free cash flow burn of $3 million compared with $6.4 million in the previous quarter. Management pointed to momentum exiting fiscal 2026, improved execution and a stronger operating model as key supports for the outlook. The guidance implies a higher profitability profile compared with the prior year, underscoring that the company’s turnaround efforts are translating into more durable earning...

Ooma (OOMA) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.2 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +9.96%. A quarter ago, it was expected that this internet phone service provider would post earnings of $0.31 per share when it actually produced earnings of $0.34, delivering a surprise of +9.68%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Ooma, which belongs to the Zacks Communication - Components industry, posted revenues of $81.15 million for the quarter ended April 2026, surpassing the Zacks Consensus Estimate by 1.67%. This compares to year-ago revenues of $65.03 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. Ooma shares have added about 63% since the beginning of the year versus the S&P 500's gain of 9.2%. While Ooma has outperformed 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 Ooma was 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...

Lumentum Holdings’ LITE shares have gained 6.1% since the company reported third-quarter fiscal 2026 results on May 5, driven by robust AI- and cloud-related demand. Revenues surged 90.1% year over year to $808 million, while non-GAAP earnings jumped to $2.37 per share from 57 cents in the year-ago quarter. Both top and bottom lines exceeded analysts’ expectations. Revenues beat the Zacks Consensus Estimate by 0.37%, while earnings surpassed the consensus mark by 5.8%. Lumentum’s strong quarterly performance was primarily driven by accelerating demand for AI infrastructure and cloud networking products. Growth was particularly strong in EML laser chips, cloud transceivers and scale-across networking components. The company also benefited from improving product mix, pricing discipline and stronger operating leverage, which significantly boosted margins during the quarter. For the fourth quarter of fiscal 2026, Lumentum expects revenues between $960 million and $1.01 billion. The company guided non-GAAP operating margin to 35-36% and non-GAAP earnings to $2.85-$3.05 per share, based on an effective tax rate assumption of 16.5% and approximately 102 million diluted shares. Management indicated that transceivers are expected to be a major driver of sequential growth, supported by the ramp of 1.6T shipments in the fiscal fourth quarter. The company also expects continued progress in integrating internal CW lasers into its module portfolio. Management noted that nearly 20% of modules in the near-term mix could incorporate Lumentum’s own CW lasers, alongside ongoing yield improvements and lower scrap rates, which are expected to support profitability. The Zacks Consensus Estimate for fourth-quarter fiscal 2026 revenues is currently pegged at $986.69 million, indicating more than 100% year-over-year growth. The consensus estimate for earnings is pegged at $2.69 per share, up 3.5% over the past 30 days. Analyst sentiment also remains favorable for the longer term. Earnings estimates for fiscal 2026 and fiscal 2027 have increased 2.1% and 11.4%, respectively, over the past 30 days, reflecting optimism surrounding Lumentum’s expanding AI- and cloud-driven growth opportunities. Image Source: Zacks Investment Research Lumentum is benefiting significantly from robust AI and cloud infrastructure demand, which is driving strong adoption of its optical and photonic technolog...