This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive
compensation for actions taken through them.
Ciena Corp. (NASDAQ: CIEN) is one of the few bright spots out there in the market this morning. The company beat earnings expectations by posting $0.47 EPS and revenues were up over 37% from the same quarter last year to $227.4 million. First Call had estimates at $0.40 EPS and $225.6 million in revenues.
The company is noting that indications from customers suggest no change in the strength of its business and it remains optimistic about the year. While this includes the gains from the buyout of World Wide Packets, the company expects annual revenue growth of up to 27% in 2008.
Ciena shares are up 4% at $26.00 in active pre-market trading and the company’s 52-week trading range for the stock is $21.40 to $49.55.
Jon C. Ogg
March 7, 2008
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.