Ciena (CIEN) Q2 Earnings and Revenues Beat Estimates

Ciena (CIEN) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of$ 0.15 per share. This compares to earnings of $0.74 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 80%. A quarter ago, it was expected that this developer of high-speed networking technology would post earnings of$ 0.47 per share when it actually produced earnings of $0.66, delivering a surprise of 40.43%. Over the last f ...