Ciena Q3 Adj EPS $0.59 Beats $0.51 Estimate, Sales $1.07B Beat $1.04B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ciena reported Q3 earnings of $0.59 per share, beating the analyst consensus estimate of $0.51 by 15.69%. This is a 78.79% increase from the same period last year. The company also reported quarterly sales of $1.07 billion, beating the analyst consensus estimate of $1.04 billion by 2.68%. This is a 23.03% increase from the same period last year.
August 31, 2023 | 11:01 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Ciena's Q3 earnings and sales exceeded analyst estimates, indicating strong financial performance. This could potentially lead to a positive impact on the company's stock price.
Ciena's Q3 earnings and sales have exceeded analyst estimates, which is typically a positive signal for investors and can lead to an increase in the company's stock price. The significant increase in earnings and sales compared to the same period last year further strengthens this positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100