— Ciena Corporation (NYSE: CIEN) reported its fourth-quarter 2019 adjusted earnings of $0.58 per share versus $0.63 per share expected.
— Revenue grew by 8% to $968 million versus $964.29 million expected.
— Revenue from networking platforms grew by 12% while that from platform software and services dropped by 27%.
— Total global services revenue decreased by 6% while revenue from blue planet automation software and services rose by 55%
— Geography-wise, revenue from North America grew by 21% while that from the Asia Pacific fell by 41%.
— Revenue from Europe, Middle East, and Africa increased by 24% and that from the Caribbean and Latin America dropped by 19%.
— Over the next three years, Ciena predicts revenue of about 6-8% annual growth and adjusted EPS of over 20% annual growth.
— The adjusted operating margin is projected to be 15% for fiscal 2020 and at least 15% in fiscal 2021.
— In each of the next three years, free cash flow is expected to be about 60-70% of adjusted operating income.
Most Popular
Earnings Preview: What to look for when Netflix (NFLX) reports Q4 2025 results
Netflix, Inc. (NASDAQ: NFLX) is expected to report Q4 results on January 20, amid expectations for strong revenue and earnings growth. The company is navigating a shifting streaming landscape where
What to look for when United Airlines (UAL) reports its Q4 2025 earnings results
Shares of United Airlines (NASDAQ: UAL) stayed red on Thursday. The stock has gained 15% over the past three months. The airline is scheduled to report its earnings results for
Infographic: How Constellation Brands (STZ) performed in Q3 2026
Constellation Brands, Inc. (NYSE: STZ) reported net sales of $2.22 billion for the third quarter of 2026, down 10% year-over-year. Organic net sales were down 2%. Net income attributable to
