Jefferies Adjusts Estimates on Ciena (CIEN) - PT to $29

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Ciena Reports Fiscal Fourth Quarter 2016 and Year-End Financial Results

December 8, 2016 7:00 AM EST

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

For the fiscal fourth quarter 2016, Ciena reported revenue of $716.2 million as compared to $692.0 million for the fiscal fourth quarter 2015. For fiscal year 2016, Ciena reported revenue of $2.6 billion, as compared to $2.4 billion for fiscal year 2015.

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