Wednesday, March 8, 2017

Ciena stock tumbles on earnings miss

Ciena Corp. swung to a $3.9 million profit in the first quarter but missed analyst estimates, causing its stock to plunge 9 percent in trading Wednesday morning. The quarter ending Jan. 31 was an improvement from the first quarter last year when Ciena posted an $11.5 million loss. On an adjusted basis Ciena had net income of $38.4 million, or 26 cents per share. Analysts polled by the Thomson Financial Network predicted earnings of 29 cents per share. The Hanover computer networking company also…



from http://www.bizjournals.com/baltimore/news/2017/03/08/ciena-stock-tumbles-on-earnings-miss.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/158152380927

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