Ciena (CIEN) Reports Q4 EPS of $0.53, Revenues Beat

Ciena (NYSE: CIEN) reported Q4 EPS of $0.53, versus the consensus of $0.48. Revenue for the quarter came in at $899.4 million versus the consensus estimate of $861.48 million.

• Q4 Revenue: $899.4 million, increasing 20.8% year over year
• Q4 Net Income per Share: $0.34 GAAP; $0.53 adjusted (non-GAAP)
• Share Repurchases: Repurchased approximately 1.3 million shares of common stock for an aggregate price of $36.2 million during the quarter

“We achieved outstanding financial results in our fourth quarter and fiscal 2018 due to continued execution of our proven strategy," said Gary B. Smith, president and CEO, Ciena. "The combination of our innovation strength, successful interception of market trends and sustained ability to take share and outperform the market, along with a thriving industry environment, gives us tremendous confidence in both the near and longer term outlook for our business.”

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

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