Investing.com - Ciena (NYSE:CIEN) Corp reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ciena Corp announced earnings per share of $0.62 on revenue of $833.9M. Analysts polled by Investing.com anticipated EPS of $0.4821 on revenue of $829.15M.
Ciena Corp shares are up 2.95% from the beginning of the year, still down 11.55% from its 52 week high of $61.51 set on August 7, 2020. They are outperforming the EUR/USD which is down 0% from the start of the year.
Ciena Corp follows other major Technology sector earnings this month
Ciena Corp's report follows an earnings beat by NVIDIA on May 26, who reported EPS of $3.66 on revenue of $5.66B, compared to forecasts EPS of $3.29 on revenue of $5.4B.
Cisco had beat expectations on May 19 with third quarter EPS of $0.83 on revenue of $12.8B, compared to forecast for EPS of $0.8219 on revenue of $12.57B.
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