Ciena Reports Stronger-Than-Expected Q2 Results, CEO Highlights Bandwidth Demand Growth

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Ciena Corp (NYSE:CIEN) reported a fiscal second-quarter 2024 revenue decline of 19.6% year-on-year to $910.80 million, beating the analyst consensus estimate of $894.94 million.

The American telecommunications networking equipment and software services supplier reported an adjusted EPS of $0.27, beating the analyst consensus estimate of $0.15.

Segments: Total Networking Platforms revenue declined by 26.1% Y/Y to …

Full story available on Benzinga.com