Ciena up on Q3 revenue beat

Ciena

31/08/2023 16:26

** Shares of telecom equipment maker Ciena  CIEN.N  up 14.9%
at $49.61 
    ** Company's Q3 revenue beats Wall Street estimates on
higher hardware demand
    ** Q3 revenue at $1.07 bln vs analysts' avg. est. of $1.04
bln - Refinitiv
    ** Q3 adj. net income of $89.1 mln, or 59 cents/share, vs
$49 mln, or 33 cents apiece, a year earlier
    ** Including session move, shares down 2.7% YTD

 (Reporting by Pritam Biswas in Bengaluru)
 ((Pritam.Biswas@thomsonreuters.com))