CIEN's Q4 Earnings Lag, Sales Beat, Stock Rallies 15% on Solid View

Ciena Corporation (CIEN) reported fourth-quarter fiscal 2024 (ended Nov. 2) results, wherein adjusted earnings per share (EPS) of 54 cents missed the Zacks Consensus Estimate of 66 cents. Also, the bottom line declined 28% year over year.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Quarterly total revenues dipped 0.5% year over year to $1,124.1 million. The top line, however, surpassed the Zacks Consensus Estimate of$1,105 million, driven by robust demand for its solutions in cl ...