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Market Impact: 0.35

Ciena (CIEN) Beats Q3 Earnings and Revenue Estimates

Source: zacks.com

Corporate EarningsAnalyst EstimatesCompany Fundamentals
Ciena (CIEN) Beats Q3 Earnings and Revenue Estimates

Ciena reported quarterly EPS of $2.11, beating the Zacks Consensus Estimate of $1.74 by $0.37 (+21%). EPS also surged from $0.67 a year ago, indicating a major improvement in profitability versus the prior year. The earnings beat is likely to be supportive for CIEN shares in the near term.

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CIEN0.65

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