Ciena (CIEN) Tops Q1 EPS by 14c

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Ciena Reports Fiscal First Quarter 2020 Financial Results

March 5, 2020 7:00 AM EST

HANOVER, Md.--(BUSINESS WIRE)-- Ciena® Corporation (NYSE: CIEN), a networking systems, services and software company, today announced unaudited financial results for its fiscal first quarter ended January 31, 2020.

Q1 Revenue: $832.9 million, increasing 7.0% year over year Q1 Net Income per Share: $0.40 GAAP; $0.52 adjusted (non-GAAP) Share Repurchases: Repurchased approximately 1.3 million shares of common stock for an aggregate price of $50.7 million during the quarter

"We began fiscal 2020 with... More