Earnings Volatility Drives These Stocks in a New Direction
CIENA Corp. (NASDAQ:CIEN) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. Adjusted Earnings Per Share increased to $0.23 in the quarter versus EPS of $-0.04 in the year-earlier quarter. Revenue Rose 13.56% to $538.4 million from the year-earlier quarter.
CIENA Corp. reported adjusted EPS income of $0.23 per share. By that measure, the company beat the mean analyst estimate of $0.16. It beat the average revenue estimate of $533.51 million.