Benzinga | Sep 3, 2020 07:01AM EDT

Ciena Q3 EPS $1.06 Beats $0.83 Estimate, Sales $976.70M Beat $971.77M Estimate

Ciena (NYSE:CIEN) reported quarterly earnings of $1.06 per share which beat the analyst consensus estimate of $0.83 by 27.71 percent. This is a 49.3 percent increase over earnings of $0.71 per share from the same period last year. The company reported quarterly sales of $976.70 million which beat the analyst consensus estimate of $971.77 million by 0.51 percent. This is a 1.68 percent increase over sales of $960.61 million the same period last year.