Needham & Company Raises Estimates on Ciena (CIEN) Following 2Q; Reiterates Buy
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Ciena Reports Fiscal Second Quarter 2016 Financial Results
June 2, 2016 7:01 AM EDTHANOVER, Md.--(BUSINESS WIRE)-- Ciena® Corporation (NYSE: CIEN), the network specialist, today announced unaudited financial results for its fiscal second quarter ended April 30, 2016.
For the fiscal second quarter 2016, Ciena reported revenue of $640.7 million as compared to $621.6 million for the fiscal second quarter 2015.
On the basis of generally accepted accounting principles (GAAP), Ciena's net income for the fiscal second quarter 2016 was $14.0 million, or... More
