Ciena Q3 Earnings: Revenue And EPS Beat, Operating Margin Decline, CFO Retirement And More
Portfolio Pulse from Anusuya Lahiri
Ciena Corp reported a Q3 revenue decline of 11.8% to $942.3 million, beating estimates. EPS also surpassed expectations. Despite a decline in operating margin, the company showed growth in cloud services. CFO James Moylan announced his retirement, effective in 2025.
September 04, 2024 | 11:54 am
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Ciena Corp's Q3 results beat revenue and EPS estimates, but operating margin declined. The company is seeing growth in cloud services. CFO James Moylan announced his retirement, effective in 2025.
Ciena's Q3 earnings beat expectations, which is positive for the stock. The decline in operating margin is a concern but is offset by growth in cloud services. The CFO's retirement is a long-term consideration but not immediately impactful.
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