Ciena (CIEN) Tops Q1 EPS by 2c

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Go back to Ciena (CIEN) Tops Q1 EPS by 2c

Ciena Reports Fiscal First Quarter 2018 Financial Results

March 6, 2018 7:00 AM EST

HANOVER, Md.--(BUSINESS WIRE)-- Ciena® Corporation (NYSE: CIEN):

Q1 Revenue: $646.1 million, increasing 4% year over year Q1 Net Income (Loss) per Share: $(3.29) GAAP; $0.15 adjusted (non-GAAP) GAAP loss primarily due to significant non-cash charges related to the Tax Cuts and Jobs Act, which resulted in an estimated $476.9 million of additional tax expense Share Repurchase: Commenced repurchase activity on three-year, $300 million repurchase program during Q1

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