Earnings: Ciena stock climbs after Q2 results exceed forecasts
Earnings: Ciena stock climbs after Q2 results exceed forecasts
Network technology provider Ciena Corp. (NYSE: CIEN) reported a sharp increase in second-quarter revenues and earnings, aided by the diversification initiatives and growing customer base. The results also topped the Street view and the company’s stock surged early Thursday.
During the quarter, revenues move up 18.5% year-over-year to $865 million and came in above Wall Street’s estimates.…
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