Shares of Ciena Corp. rallied 2.0% in premarket trading Thursday, after the networking systems company reported fiscal second-quarter profit and revenue that beat expectations, amid signs of improved customer spending. Net income rose to $103.1 million, or 66 cents a share, from $91.7 million, or 59 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share fell to 62 cents from 76 cents but beat the FactSet consensus of 48 cents. Revenue declined 6.7% to $8
Ciena’s stock rallies after profit, revenue beats
2021-06-03T11:47:25-04:00June 3rd, 2021|
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