Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Benzinga Insights

Ciena: Q2 Earnings Insights

 

Ciena (NYSE:CIEN) reported its Q2 earnings results on Thursday, June 2, 2022 at 07:00 AM.

Here's what investors need to know about the announcement.

Earnings

Ciena missed estimated earnings by 7.41%, reporting an EPS of $0.5 versus an estimate of $0.54.

Revenue was up $115.30 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.02 which was followed by a 0.92% drop in the share price the next day.

Here's a look at Ciena's past performance:

 

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate 0.45 0.85 0.79 0.48
EPS Actual 0.47 0.85 0.92 0.62
Revenue Estimate 856.85M 1.03B 971.56M 829.27M
Revenue Actual 844.44M 1.04B 988.14M 833.93M

To track all earnings releases for Ciena visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.