Investing.com - Ciena Corp reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Ciena Corp announced earnings per share of $0.6 on revenue of $828.48M. Analysts polled by Investing.com anticipated EPS of $0.6267 on revenue of $825.57M.
Ciena Corp shares are up 3.42% from the beginning of the year and are trading at $44.15 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Ciena Corp shares lost 6.42% in intra-day trade the report.
Ciena Corp follows other major Technology sector earnings this month
Ciena Corp's report follows an earnings beat by NVIDIA on November 18, who reported EPS of $2.91 on revenue of $4.73B, compared to forecasts EPS of $2.58 on revenue of $4.42B.
Adobe had beat expectations on Thursday with fourth quarter EPS of $2.81 on revenue of $3.42B, compared to forecast for EPS of $2.67 on revenue of $3.36B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar