Ciena (CIEN) Misses Q4 EPS by 4c, Revs Beat

Ciena (NYSE: CIEN) reported Q4 EPS of $0.46, $0.04 worse than the analyst estimate of $0.50. Revenue for the quarter came in at $744.4 million versus the consensus estimate of $736.91 million.

"Our fourth quarter and fiscal 2017 results reinforce our continued ability to adapt to changing market conditions by growing revenue and expanding profitability as we outperform the industry,” said Gary B. Smith, president and CEO, Ciena. “We are confident that our long-term strategy to scale and diversify our existing business and to expand our addressable market will enable us to continue to grow and generate cash.”

For earnings history and earnings-related data on Ciena (CIEN) click here.

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