Ciena: Q2 Earnings Insights

Shares of Ciena CIEN decreased 0.7% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share rose 58.33% year over year to $0.76, which beat the estimate of $0.49.

Revenue of $894,053,000 higher by 3.36% year over year, which beat the estimate of $880,320,000.

Looking Ahead

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

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

Conference Call Details

Date: Jun 04, 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=2156843&sessionid=1&key=98DD38BC9A68164D2E8A89B8E7249328&regTag=&sourcepage=register

Technicals

Company's 52-week high was at $57.19

52-week low: $30.58

Price action over last quarter: Up 36.24%

Company Description

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.