Ciena (CIEN) Tops Q3 EPS by 8c

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Ciena Reports Fiscal Third Quarter 2023 Financial Results

August 31, 2023 7:00 AM EDT

Revenue increased 23% year-over-year

HANOVER, Md.--(BUSINESS WIRE)-- Ciena® Corporation (NYSE: CIEN), a networking systems, services and software company, today announced unaudited financial results for its fiscal third quarter ended July 29, 2023.

Q3 Revenue: $1.07 billion Q3 Net Income per Share: $0.20 GAAP; $0.59 adjusted (non-GAAP) Share Repurchases: Repurchased approximately 1.4 million shares of common stock for an aggregate price of $61.2 million during the quarter.

"We delivered excellent... More