Investing.com - Ciena Corp reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ciena Corp announced earnings per share of $1.06 on revenue of $976.7M. Analysts polled by Investing.com anticipated EPS of $0.82 on revenue of $971.88M.
Ciena Corp shares are up 8.69% from the beginning of the year and are trading at $46.40 , 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 22.76% 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 August 19, who reported EPS of $2.18 on revenue of $3.87B, compared to forecasts EPS of $1.97 on revenue of $3.65B.
Salesforce.com had beat expectations on August 25 with second quarter EPS of $1.44 on revenue of $5.15B, compared to forecast for EPS of $0.67 on revenue of $4.9B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar