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.

Ciena (CIEN) Q3 2020 Earnings AlphaGraph

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

Aurora Cannabis (ACB) Earnings: 3Q21 Key Numbers

Aurora Cannabis Inc. (NYSE: ACB) reported third quarter 2021 earnings results today. Total revenues fell 25% year-over-year to CAD55.1 million. Adjusted EBITDA loss amounted to CAD24 million. Cash balance as

Walt Disney (DIS) Q2 revenue down 13%; earnings beat estimates

Media behemoth The Walt Disney Company (NYSE: DIS) reported second-quarter revenues that declined from last year as customers stayed away from theatres and parks due to pandemic-related safety issues and

Three key factors that bode well for Tattooed Chef (TTCF) going forward

Shares of Tattooed Chef Inc. (NASDAQ: TTCF) have gained 57% over the past 12 months but has dropped 25% since the start of this year. The sentiment on the stock

Add Comment
Viewing Highlight