HANOVER, Md. (AP) — HANOVER, Md. (AP) — Ciena Corp. (CIEN) on Thursday reported fiscal first-quarter earnings of $150.3 million.
The Hanover, Maryland-based company said it had profit of $1.03 per share. Earnings, adjusted for one-time gains and costs, were $1.35 per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.14 per share.
The developer of high-speed networking technology posted revenue of $1.43 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $1.4 billion.
For the current quarter ending in April, Ciena said it expects revenue in the range of $1 billion to $2 billion.
The company expects full-year revenue in the range of $5.9 billion to $6.3 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CIEN at https://www.zacks.com/ap/CIEN
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