Ciena Misses Estimates
Posted on June 09, 2011 at 15:03 PM EDT
Telecommunications network specialist, Ciena Corp. (NASDAQ:CIEN) reported second quarter fiscal 2011 revenues and earnings per share (EPS) that missed the Zacks Consensus Estimate on both counts, primarily due to lower sales and pressurized margins. Despite the miss, the company recorded year-over-year growth across all of its business segments driven by higher customer engagements, design wins [...]
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