Ciena (CIEN) Misses Q4 EPS by 3c

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Ciena Reports Fiscal Fourth Quarter 2020 and Year-End Financial Results

December 10, 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 fourth quarter and year ended October 31, 2020.

Q4 Revenue: $828.5 million Q4 Net Income per Share: $0.42 GAAP; $0.60 adjusted (non-GAAP), increasing 3.4% year over year Share Repurchases: Reinstituting share repurchase program with the intent to resume purchases in the first quarter of 2021

"Our fiscal fourth quarter and full-year 2020... More