1. Home
  2. Earnings Beat
  3. Ciena Q2 Earnings and Revenues Beat Estimates

Ciena Q2 Earnings and Revenues Beat Estimates

1
0

Ciena (NYSE: CIEN) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.74 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 80%. A quarter ago, it was expected that this developer of high-speed networking technology would post earnings of $0.47 per share when it actually produced earnings of $0.66, delivering a surprise of 40.43%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Ciena, which belongs to the Zacks Fiber Optics industry, posted revenues of $910.83 million for the quarter ended April 2024, surpassing the Zacks Consensus Estimate by 1.59%. This compares to year-ago revenues of $1.13 billion. 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.

Ciena shares have …

Full story available on Benzinga.com

Visited 1 times, 1 visit(s) today