Ciena (NYSE:CIEN) reported its Q2 earnings results on Thursday, June 2, 2022 at 07:00 AM.
Here's what investors need to know about the announcement.
Earnings
Ciena missed estimated earnings by 7.41%, reporting an EPS of $0.5 versus an estimate of $0.54.
Revenue was up $115.30 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.02 which was followed by a 0.92% drop in the share price the next day.
Here's a look at Ciena's past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.45 | 0.85 | 0.79 | 0.48 |
| EPS Actual | 0.47 | 0.85 | 0.92 | 0.62 |
| Revenue Estimate | 856.85M | 1.03B | 971.56M | 829.27M |
| Revenue Actual | 844.44M | 1.04B | 988.14M | 833.93M |
To track all earnings releases for Ciena visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
