Investing.com - Ciena (NYSE:CIEN) Corp reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Ciena Corp announced earnings per share of $0.85 on revenue of $1.04B. Analysts polled by Investing.com anticipated EPS of $0.8531 on revenue of $1.02B.
Ciena Corp shares are up 17.73% from the beginning of the year, still down 2.90% from its 52 week high of $64.08 set on December 7. They are outperforming 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 November 17, who reported EPS of $1.17 on revenue of $7.1B, compared to forecasts EPS of $1.11 on revenue of $6.82B.
Salesforce.com had beat expectations on November 30 with third quarter EPS of $1.27 on revenue of $6.86B, compared to forecast for EPS of $0.9224 on revenue of $6.8B.
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