Ciena (CIEN) Lags Q4 Earnings Estimates

Ciena (CIEN) came out with quarterly earnings of $0.54 per share, missing the Zacks Consensus Estimate of$ 0.66 per share. This compares to earnings of $0.75 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -18.18%. A quarter ago, it was expected that this developer of high-speed networking technology would post earnings of$ 0.26 per share when it actually produced earnings of $0.35, delivering a surprise of 34.62%.Over the las ...