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Market Impact: 0.35
Ciena (CIEN) Beats Q3 Earnings and Revenue Estimates
Source: zacks.com
Corporate EarningsAnalyst EstimatesCompany Fundamentals
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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Overall Sentiment
strongly positive
Sentiment Score
0.55
Ticker Sentiment
CIEN0.65
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