Investing.com - Ciena Corp reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Ciena Corp announced earnings per share of $0.5 on revenue of $949.2M. Analysts polled by Investing.com anticipated EPS of $0.5392 on revenue of $953.27M.
Ciena Corp shares are down 33.29% from the beginning of the year and are trading at $51.35 , 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 Information Technology sector earnings this month
Ciena Corp's report follows an earnings beat by NVIDIA on Wednesday, May 25, 2022, who reported EPS of $1.36 on revenue of $8.29B, compared to forecasts EPS of $1.3 on revenue of $8.12B.
Broadcom had beat expectations on Thursday, May 26, 2022 with second quarter EPS of $9.07 on revenue of $8.1B, compared to forecast for EPS of $8.71 on revenue of $7.91B.
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