Ciena (CIEN) Surpasses Q1 Earnings and Revenue Estimates

Ciena (CIEN) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of$ 0.39 per share. This compares to earnings of $0.66 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 64.10%. A quarter ago, it was expected that this developer of high-speed networking technology would post earnings of$ 0.66 per share when it actually produced earnings of $0.54, delivering a surprise of -18.18%.Over the las ...