Thursday, August 30, 2018

Ciena shares soar on better-than-expected earnings

Shares of Ciena Corp. were up nearly 13 percent in trading Thursday morning after the company reported substantial sales and profit increases in its fiscal third quarter and said it is on track to meet three-year financial targets. The Hanover-based computer networking company reported earnings of $50.8 million, or 34 cents per share, compared to $60 million, or 39 cents per share, in the same time period last year. On an adjusted basis Ciena had a $74.3 million profit, or 48 cents per share, up…



from https://www.bizjournals.com/baltimore/news/2018/08/30/ciena-shares-soar-on-better-than-expected-earnings.html?ana=RSS&s=article_search
via http://baltimorecheckbook.tumblr.com/post/177556346507

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