- Optical network enterprise handily beats pre-report forecasts
- Net income rises from $13.9m to $52.7m
- Shares advance 10.3%
Ciena Corporation (NYSE: CIEN) was riding a share rise wave on Thursday as Q2 earnings and revenue beats pushed the telecoms company's stock value to $39.55 just after the New York Stock Exchange opened.
Ciena posted $0.48 adjusted EPS and $865m revenue versus the $0.41 and $819m Wall Street consensus. Gross margin also widened Y/Y to 43.3%.
CEO Gary Smith said: “Today we reported very strong quarterly performance, including continued market share gains, driven by our technology leadership and diversified customer base in high growth markets.”