Ciena Q3 2024 Adj. EPS $0.35 Beats $0.26 Estimate, Sales $942.308M Beat $927.210M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ciena Corporation reported its Q3 2024 financial results, with adjusted EPS of $0.35, surpassing the estimate of $0.26. The company's sales reached $942.308 million, exceeding the expected $927.210 million.
September 04, 2024 | 11:01 am
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Ciena Corporation's Q3 2024 results exceeded expectations with an adjusted EPS of $0.35 and sales of $942.308 million, both beating analyst estimates.
Ciena's better-than-expected earnings and sales figures are likely to positively impact its stock price in the short term as they indicate strong financial performance and operational efficiency.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100