Ciena: Q2 Earnings Insights

Ciena CIEN reported its Q2 earnings results on Tuesday, June 6, 2023 at 07:00 AM.

Here's what investors need to know about the announcement.

Ciena beat estimated earnings by 21.31%, reporting an EPS of $0.74 versus an estimate of $0.61.

Revenue was up $183.77 million from the same period last year.

Last quarter the company beat on EPS by $0.28 which was followed by a 2.75% drop in the share price the next day.

Here's a look at Ciena's past performance:

Quarter	Q1 2023	Q4 2022	Q3 2022	Q2 2022
EPS Estimate	0.36	0.08	0.33	0.54
EPS Actual	0.64	0.61	0.33	0.50
Revenue Estimate	959.40M	849.88M	904.66M	950.83M
Revenue Actual	1.06B	971.01M	867.98M	949.23M

To track all earnings releases for Ciena visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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