Ciena (CIEN) Tops Q2 EPS by 27c

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Ciena Reports Fiscal Second Quarter 2020 Financial Results

June 4, 2020 7:00 AM EDT

HANOVER, Md.--(BUSINESS WIRE)-- Ciena® Corporation (NYSE: CIEN), a networking systems, services and software company, today announced unaudited financial results for its fiscal second quarter ended May 2, 2020.

Q2 Revenue: $894.1 million, increasing 3.4% year over year Q2 Net Income per Share: $0.59 GAAP; $0.76 adjusted (non-GAAP) Share Repurchases: Prior to suspending repurchases during the quarter, we repurchased approximately 0.6 million shares of common stock for an aggregate price of $23.8 million during the quarter

"In this uncertain... More