Ciena (CIEN) got here out with quarterly earnings of $0.58 per share, lacking the Zacks Consensus E
Ciena (CIEN) got here out with quarterly earnings of $0.58 per share, lacking the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.53 per share a 12 months in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of -7.94%. 1 / 4 in the past, it was anticipated that this developer of high-speed networking know-how would submit earnings of $0.57 per share when it really produced earnings of $0.71, delivering a shock of 24.56%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates 3 times.
Ciena, which belongs to the Zacks Fiber Optics trade, posted revenues of $967.99 million for the quarter ended October 2019, surpassing the Zacks Consensus Estimate by 0.33%. This compares to year-ago revenues of $899.36 million. The corporate has topped consensus income estimates 4 occasions over the past 4 quarters.
The sustainability of the inventory’s fast worth motion based mostly on the…