Ciena (CIEN) Misses Q3 EPS by 1c

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Ciena Reports Fiscal Third Quarter 2022 Financial Results

September 1, 2022 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 third quarter ended July 30, 2022.

Q3 Revenue: $868.0 million Q3 Net Income per Share: $0.07 GAAP; $0.33 adjusted (non-GAAP) Share Repurchases: Repurchased approximately 3.2 million shares of common stock for an aggregate price of $155.0 million during the quarter.

"Despite continued strong customer demand, our fiscal third quarter financial results were negatively... More