For the second quarter Ciena reported EPS or 17 cents a share, beating the Capital IQ Consensus Estimate of 13 cents a share by 4 cents. Revenue grew 10.3% from the year-ago quarter to $560 million. Analysts expected revenue of $559 million for the quarter.
Looking forward to the third quarter Ciena expects revenue of $585 million to $615 million, compared to analysts' estimates of $583.3 million for the quarter.
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TheStreet Ratings team rates CIENA CORP as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate CIENA CORP (CIEN) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's profit margins have been poor overall."
Highlights from the analysis by TheStreet Ratings Team goes as follows: