Investing.com - Ciena Corp reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ciena Corp announced earnings per share of $0.52 on revenue of $757.1M. Analysts polled by Investing.com anticipated EPS of $0.4488 on revenue of $750.46M.
Ciena Corp shares are down 4.33% from the beginning of the year and are trading at $50.56 , down-from-52-week-high.They are under-performing 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 Wednesday, February 24, 2021, who reported EPS of $3.1 on revenue of $5B, compared to forecasts EPS of $2.81 on revenue of $4.82B.
Cisco had beat expectations on Tuesday, February 9, 2021 with second quarter EPS of $0.79 on revenue of $11.96B, compared to forecast for EPS of $0.7567 on revenue of $11.92B.
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