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Ciena shares rise on fourth quarter results

Thursday, December 7, 2017 6:25
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Shares in Ciena Corp (NYSE:CIEN) advanced in Thursday’s premarket deals after it released fourth quarter results with better revenues and slight earnings growth.

Revenue for the three month period amounted to US$744.4mln, up 3.9% from US$716.2mln in the same period of last year.

Quarterly earnings were reported at US$48.5mln, up 0.8% compared to US$48.1mln, whereas the per share metric came in at 32 cents up from 30 cents.

Ciena shares were up 5.8% changing hands at US$22.40.

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