Ciena (CIEN) Tops Q3 Earnings and Revenue Estimates

Ciena (CIEN) came out with quarterly earnings of $0.67 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +28.85%. A quarter ago, it was expected that this developer of high-speed networking technology would post earnings of $0.52 per share when it actually produced earnings of $0.42, delivering a surprise of -19.23%.Over the la ...