Investing.com - Ciena Corp reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ciena Corp announced earnings per share of $0.76 on revenue of $894.1M. Analysts polled by Investing.com anticipated EPS of $0.49 on revenue of $881.06M. That with comparison to EPS of $0.48 on revenue of $865M in the same period a year before.Ciena Corp had reported EPS of $0.52 on revenue of $832.91M in the previous quarter.Analysts are expecting EPS of $0.71 and revenue of $970.96M in the upcoming quarter.
Ciena Corp shares are up 25.51% from the beginning of the year and are trading at $53.58 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% year to date.
Ciena Corp shares lost 4.85% 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 May 21, who reported EPS of $1.8 on revenue of $3.08B, compared to forecasts EPS of $1.65 on revenue of $2.97B.
Cisco had beat expectations on May 13 with third quarter EPS of $0.79 on revenue of $11.98B, compared to forecast for EPS of $0.71 on revenue of $11.88B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar