Recap: Ciena Q3 Earnings

Ciena (NYSE:CIEN) reported its Q3 earnings results on Thursday, September 1, 2022 at 07:00 AM.

Here's what investors need to know about the announcement.

Ciena reported in-line EPS of $0.33 versus an estimate of $0.33.

Revenue was down $120.16 million from the same period last year.

Last quarter the company missed on EPS by $0.04 which was followed by a 3.83% drop in the share price the next day.

Here's a look at Ciena's past performance:

Quarter	Q2 2022	Q1 2022	Q4 2021	Q3 2021
EPS Estimate	0.54	0.45	0.85	0.79
EPS Actual	0.50	0.47	0.85	0.92
Revenue Estimate	950.83M	856.85M	1.03B	971.56M
Revenue Actual	949.23M	844.44M	1.04B	988.14M

To track all earnings releases for Ciena visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.