Ciena Earnings Miss Estimates Amid Lowered Views, But Shares Surge

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Ciena earnings for its fiscal fourth quarter missed estimates while revenue edged by views. The Ciena earnings news sent shares in the maker of fiber-optic communications gear up in premarket trading on Thursday. Hanover, Md.-based Ciena (CIEN) said it earned 58 cents per adjusted share, up 9% from a year earlier, with revenue rising 7.6% to $968 million. Analysts expected Ciena earnings of 63 cents on sales of $964.3 million for the period ended Oct. 31. Follow Reinhardt Krause on Twitter @reinhardtk_tech for updates on 5G wireless, artificial intelligence, cybersecurity and cloud computing.

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