Abhoy Sarkar's Avatar
published in Blogs
Mar 08, 2022
Ciena (CIEN, $58.76) beats Q1 earnings expectations; misses revenue estimates

Ciena (CIEN, $58.76) beats Q1 earnings expectations; misses revenue estimates

Ciena Corp posts its first quarter earnings that surpassed analysts' expectations, even as revenue missed forecasts.  

The telecom equipment company’s  earnings came in at $0.47 a share, compared to the $0.4511 expected by analysts polled by Investing.com. Revenue of $84.44 million, however, fell short of analysts’ anticipated  $853.68 million.

Ciena shares are down about -14% since the beginning of the year versus the S&P 500's decrease of -9.2%.