Categories AlphaGraphs, Earnings, Technology

Ciena (CIEN) Q2 profit jumps 74%, beats estimates

Ciena Corporation (NYSE: CIEN) reported a 74% jump in earnings for the second quarter of 2020 driven by higher revenue and lower operating expenses. The results exceeded analysts’ expectations.

Ciena Corporation (CIEN) Q2 2020 earnings

Prior to suspending repurchases during the quarter, the company repurchased about 0.6 million shares of common stock for an aggregate price of $23.8 million during the quarter. The company had a strong balance sheet and solid cash flow generation.

The company said it is well-positioned to manage through the current set of challenges presented by the COVID-19 pandemic. In light of current market conditions, the company has suspended its share repurchase program and is exercising prudent operating expense management.

Past Performance

Most Popular

Infographic: Nvidia (NVDA) Q4 revenue up 61%; earnings beat

Nvidia Corporation (NASDAQ: NVDA) Wednesday said its fourth-quarter revenues and profit increased in double-digits amid elevated demand. The results also topped the Street view, driving the stock higher during the

Nutanix (NTNX) Earnings: 2Q21 Key Numbers

Nutanix (NASDAQ: NTNX) reported second quarter 2021 earnings results today. Total revenue remained flat at $346.4 million compared to the same period a year ago. GAAP net loss was $287.3

Macy’s (M) expects digital channels to generate approx. $10 billion in sales by 2023

Shares of Macy’s Inc. (NYSE: M) were down 2.7% in morning trade on Wednesday. The stock has gained 37% since the beginning of the year. A day ago, the retailer

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top