Benzinga | Dec 10, 2020 07:37AM EST

Ciena: Q4 Earnings Insights



Shares of Ciena (NYSE:CIEN) decreased 4% in pre-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share increased 3.45% year over year to $0.60, which missed the estimate of $0.63.

Revenue of $828,480,000 declined by 14.41% from the same period last year, which beat the estimate of $825,360,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Dec 10, 2020

Time: 08:30 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.ciena.com%2F&eventid=2634167&sessionid=1&key=4C773C44702C254D48C0A8270A6770D9&regTag=&sourcepage=register

Technicals

52-week high: $61.52

Company's 52-week low was at $30.58

Price action over last quarter: Up 6.14%

Company Profile

Ciena Corp is a network strategy and technology company. It provides network hardware, software, and services that support the transport, switching, aggregation, service delivery and management of video, data, and voice traffic on communications networks. It serves various industries such as communication services providers, web-scale providers, cable operators, government, and large enterprises worldwide. The business activities are functioned through Networking Platforms, Software and Software-Related Services, and Global Services segments. Geographically, its presence is seen in the markets of the United States and Canada; Caribbean and Latin America; Europe, the Middle East and Africa; and Asia-Pacific and India.