On 03 April 2020, Ciena Corporation (NYSE: CIEN) remained among the day gainers losers and traded with change of -0.69% on volume of 2389589 shares in the last session as compared to average volume of 2449541 shares. During last trade its minimum price was $39.74 and it gained highest price of $42.12. CIEN has total market capitalization of $6192311043. Its closing value stands at $40.34.

Ciena® Corporation (CIEN) recently reported unaudited financial results for its fiscal first quarter ended January 31, 2020.

  • Q1 Revenue: $832.9M, increasing 7.0% year over year
  • Q1 Net Income per Share:$0.40 GAAP; $0.52 adjusted (non-GAAP)
  • Share Repurchases:Repurchased about 1.3M shares of ordinary stock for an aggregate price of $50.7M during the quarter

“We began fiscal 2020 with another quarter of outstanding financial performance, including 7% year-over-year revenue growth and robust operating results,” stated Gary Smith, President and CEO, Ciena. “We are well-positioned to continue gaining share by leveraging our financial strength, global scale, diversification and increasing technology leadership.”

For the fiscal first quarter 2020, Ciena stated revenue of $832.9M as contrast to $778.5M for the fiscal first quarter 2019.

Ciena’s GAAP net income for the fiscal first quarter 2020 was $62.3M, or $0.40 per diluted ordinary share, which compares to a GAAP net income of $33.6M, or $0.21 per diluted ordinary share, for the fiscal first quarter 2019.

Ciena’s adjusted (non-GAAP) net income for the fiscal first quarter 2020 was $81.7M, or $0.52 per diluted ordinary share, which compares to an adjusted (non-GAAP) net income of $52.8M, or $0.33 per diluted ordinary share, for the fiscal first quarter 2019.

Its earnings per share (EPS) expected to touch remained 589.30% for this year while earning per share for the next 5-years is expected to reach at 20.50%. CIEN has a gross margin of 43.80% and an operating margin of 10.40% while its profit margin remained 7.80% for the last 12 months. The price moved ahead of 5.00% from the mean of 20 days, -0.82% from mean of 50 days SMA and performed -0.23% from mean of 200 days price. Company’s performance for the week was 2.54%, -5.92% for month and YTD performance remained -5.50%.

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