Ciena (CIEN) Q1 Earnings and Revenues Beat Estimates

Ciena (CIEN) came out with quarterly earnings of $0.66 per share, beating the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $0.64 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 40.43%. A quarter ago, it was expected that this developer of high-speed networking technology would post earnings of $0.68 per share when it actually produced earnings of $0.75, delivering a surprise of 10.29%.Over the last ...