Benzinga | Sep 3, 2020 07:15AM EDT

Ciena: Q3 Earnings Insights

Shares of Ciena (NYSE:CIEN) moved lower by 8% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share increased 49.30% year over year to $1.06, which beat the estimate of $0.83.

Revenue of $976,712,000 rose by 1.68% from the same period last year, which beat the estimate of $971,770,000.

Guidance

Ciena hasn't issued any earnings guidance for the time being.

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

How To Listen To The Conference Call

Date: Sep 03, 2020

Time: 08:30 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.ciena.com%2Fevents-and-presentations%2Fdefault.aspx&eventid=2566534&sessionid=1&key=77C8C07344EE5AD17F37F7808A78C223&regTag=&sourcepage=register

Technicals

52-week high: $61.52

52-week low: $30.58

Price action over last quarter: Up 11.07%

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.