Shares of Ciena CIEN decreased 4% in pre-market trading after the company reported Q4 results.
Quarterly Results
Earnings per share increased 3.45% year over year to $0.60, which missed the estimate of $0.63.
Revenue of $828,480,000 declined by 14.41% from the same period last year, which beat the estimate of $825,360,000.
Outlook
Earnings guidance hasn't been issued by the company for now.
Revenue guidance hasn't been issued by the company for now.
Details Of The Call
Date: Dec 10, 2020
Time: 08:30 AM
Technicals
52-week high: $61.52
Company's 52-week low was at $30.58
Price action over last quarter: Up 6.14%
Company Profile
Ciena Corp is a network strategy and technology company. It provides network hardware, software, and services that support the transport, switching, aggregation, service delivery and management of video, data, and voice traffic on communications networks. It serves various industries such as communication services providers, web-scale providers, cable operators, government, and large enterprises worldwide. The business activities are functioned through Networking Platforms, Software and Software-Related Services, and Global Services segments. Geographically, its presence is seen in the markets of the United States and Canada; Caribbean and Latin America; Europe, the Middle East and Africa; and Asia-Pacific and India.
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