Categories AlphaGraphs, Earnings, Technology
Ciena (CIEN) tops Q3 2020 estimates, expects COVID-19 related revenue disruption
Ciena Corporation’s (NYSE: CIEN) bottom line and topline results for the third quarter of 2020 surpassed the market’s views. Non-GAAP EPS of $1.06 and revenue of $976.7 million in Q3 exceeded consensus targets. However, CIEN stock dropped about 7% in the pre-market trading session.
On a GAAP basis, profit improved to $0.91 per share from $0.55 per share in the third quarter of 2019.
CEO Gary Smith stated that COVID-related market dynamics resulted in a slow down of orders in the quarter. He added that the company expects revenue to be adversely impacted for a few quarters.
Most Popular
INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues
Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came
Riding the AI wave, Nvidia looks set to stay on the high-growth path
After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on
Target (TGT): A look at some of the challenges faced by the retailer in 3Q24
Shares of Target Corporation (NYSE: TGT) stayed green on Thursday, recovering from the stumble it took a day ago after delivering disappointing results for the third quarter of 2024 and
