Ciena Q2 Adj. EPS $0.74 Beats $0.61 Estimate, Sales $1.13B Beat $1.09B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ciena reported Q2 earnings of $0.74 per share, beating the analyst consensus estimate of $0.61 by 21.31%. Quarterly sales were $1.13 billion, surpassing the estimate of $1.09 billion by 3.67%. Both earnings and sales increased significantly compared to the same period last year.
June 06, 2023 | 11:02 am
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POSITIVE IMPACT
Ciena's Q2 earnings and sales exceeded analyst estimates, with a 48% increase in EPS and a 19.04% increase in sales compared to last year.
Ciena's better-than-expected Q2 earnings and sales growth indicate strong financial performance, which is likely to have a positive short-term impact on the stock price. The 48% increase in EPS and 19.04% increase in sales compared to the same period last year demonstrate the company's ability to grow and outperform expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100