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MKM Partners Raises Price Target on Ciena (CIEN) to $28; Reiterates Buy

Go back to MKM Partners Raises Price Target on Ciena (CIEN) to $28; Reiterates Buy

Ciena to Webcast Financial Community Events

September 2, 2016 9:00 AM EDT

HANOVER, Md.--(BUSINESS WIRE)-- Ciena® (NYSE: CIEN) today announced its expected participation in the following upcoming events with the financial community. These events will be webcast live and recorded. Archived versions will be made... More

Ciena Reports Fiscal Third Quarter 2016 Financial Results

September 1, 2016 7:00 AM EDT

HANOVER, Md.--(BUSINESS WIRE)-- Ciena® Corporation (NYSE: CIEN), the network specialist, today announced unaudited financial results for its fiscal third quarter ended July 31, 2016.

For the fiscal third quarter 2016, Ciena reported revenue of $670.6 million as compared to $602.9 million for the fiscal third quarter 2015.

On the basis of generally accepted accounting principles (GAAP), Ciena's net income for the fiscal third quarter 2016 was $33.5 million, or $0.23... More