Ciena (CIEN) on Monday reported January-quarter profit that topped estimates while revenue missed Wall Street targets. CIEN stock edged up as management said it expects revenue growth to pick up in the back half of fiscal 2022.
Ciena earnings for the quarter ending Jan. 29 were 85 cents a share, up 9% from a year ago. Revenue for its fiscal first quarter climbed 11% to $844.4 million, the company said.
A year earlier, Ciena earned 52 cents a share on sales of $757 million. Analysts expected Ciena earnings of 45 cents on sales of $854 million.
Ciena reported earnings before the market open. CIEN stock edged up 0.3% to 66.12 in early trading on the stock market today.
CIEN Stock Pre-Announced Some Fiscal Q1 Results
The Hanover, Md.-based maker of optical communications gear pre-announced some financial metrics on Feb. 15.
Ciena said it expects revenue in a range of $930 million to…
