Ciena's Fiscal Q1 Adjusted Net Income Declines, Revenue Increases; Shares Up Pre-Bell

MT Newswires Live
03-11

Ciena (CIEN) reported fiscal Q1 adjusted net income Tuesday of $0.64 per diluted share, down from $0.66 a year earlier.

Analysts polled by FactSet expected $0.41.

Revenue for the quarter ended Feb. 1 was $1.07 billion, compared with $1.04 billion a year earlier.

Analysts polled by FactSet expected $1.05 billion.

Shares of Ciena were up more than 9% in recent premarket activity Tuesday.

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