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Thursday, September 3, 2020

-=Ciena (CIEN) reported earnings on Thur 3 Sept 20 (b/o)

Ciena beats by $0.24, reports revs in-line
  • Reports Q3 (Jul) earnings of $1.06 per share, excluding non-recurring items, $0.24 better than the S&P Capital IQ Consensus of $0.82; revenues rose 1.7% year/year to $976.7 mln vs the $974.49 mln S&P Capital IQ Consensus.
  • Commentary on Q: "Although COVID-related market dynamics have resulted in an orders slowdown and are likely to adversely impact our revenue for a few quarters, we are confident in our ability to continue executing on our strategy and expanding our market leadership."

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