Investing.com - Ciena (NYSE:CIEN) Corp reported on Monday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Ciena Corp announced earnings per share of $0.47 on revenue of $84.44M. Analysts polled by Investing.com anticipated EPS of $0.4511 on revenue of $853.68M.
Ciena Corp shares are down 14.33% from the beginning of the year, still down 15.76% from its 52 week high of $78.28 set on December 29, 2021. They are under-performing the EUR/USD which is down 0% from the start of the year.
Ciena Corp follows other major Information Technology sector earnings this month
Ciena Corp's report follows an earnings beat by NVIDIA on February 16, who reported EPS of $1.32 on revenue of $7.64B, compared to forecasts EPS of $1.23 on revenue of $7.42B.
Broadcom had beat expectations on Thursday with first quarter EPS of $8.39 on revenue of $7.71B, compared to forecast for EPS of $8.13 on revenue of $7.61B.
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