CIEN - These Analysts Revise Their Forecasts On Ciena After Q2 Results | Benzinga
Ciena Corp (NYSE:CIEN) reported better-than-expected results for its fiscal second quarter on Thursday.
The company posted revenue decline of 19.6% year-on-year to $910.80 million, beating the analyst consensus estimate of $894.94 million. The American telecommunications networking equipment and software services supplier reported an adjusted EPS of 27 cents, beating the analyst consensus estimate of 15 cents, according to data from Benzinga Pro.
CEO Gary Smith said, "With continued robust growth in bandwidth demand, we remain focused on extending our leadership in optical as a foundation ...