— 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.
Autodesk, Inc. (NASDAQ: ADSK) today reported its fourth quarter financial results for the period ended January 31, 2021. Net income for the fourth quarter was $911.3 million, or $4.10 per
Beyond Meat (NASDAQ: BYND), a specialist in plant-based meat substitutes, Thursday reported a wider loss for the fourth quarter, despite an increase in revenues. The numbers also missed the consensus
Virgin Galactic (NYSE: SPCE) reported fourth-quarter 2020 financial results after the regular market hours on Thursday. The space tourism company reported zero revenue in the fourth quarter, compared to $529,000