Sarah Patel's Avatar
published in Blogs
Sep 02, 2022
Ciena Corp. (CIEN, $45.36) misses Q3 earnings expectations

Ciena Corp. (CIEN, $45.36) misses Q3 earnings expectations

Ciena Corp. earnings for third quarter fell short of the Street expectations, and also dipped from a year ago.

The networking systems and software company's earnings for the quarter came in at $0.07 per share vs.  $1.52 per share in the year-ago quarter. Excluding items, Ciena’s adjusted earnings of $0.33 per share was shy of analysts’ expectations of $0.34 per share (according to figures compiled by Thomson Reuters).

Revenue for the quarter decreased -12.2% from the year-ago quarter to $867.98 million.

Related Tickers: CIEN