Ciena lands on Wall Street

(Boursier.com) — Ciena , the American network equipment manufacturer, announced revenues of $1.04 billion for its first fiscal quarter of 2024 ended at the end of January, as well as adjusted earnings per share of 66 cents. The consensus was for 48 cents in adjusted earnings per share on $1.02 billion in revenue. The quarterly consolidated net profit was 49.5 million dollars compared to 76.2 million a year before. Adjusted net profit was 96.8 million, compared to 95.6 million in the corresponding period, a year earlier. However, the title fell by 11% before market on Wall Street.