Dubai PR Network, Online Press Release from Dubai and Middle East
 
Business, Banking and Investments(Banking & Investments)
Filter PR by
  
Ciena Reports Fiscal Fourth Quarter 2019 and Year-End Financial Results
 
Dubai, United Arab Emirates, 15 December 2019:    Ciena® Corporation (NYSE: CIEN), a networking systems, services and software company, today announced unaudited financial results for its fiscal fourth quarter and year ended October 31, 2019.
 
• Q4 Revenue : $968.0 million, increasing 7.6% year over year
• Q4 Net Income per Share: $0.51 GAAP; $0.58 adjusted (non-GAAP)
• Share Repurchases: Repurchased approximately 1.0 million shares of common stock for an aggregate price of $38.2 million during the quarter
 
'Our outstanding Q4 financial performance rounded out an extraordinary year of industry-leading growth and profitability,' said Gary Smith, President and CEO, Ciena. 'Our innovation, diversification and scale uniquely position us to continue taking share while delivering improved operating margin and driving sustained EPS growth in 2020.'
 
For the fiscal fourth quarter 2019, Ciena reported revenue of $968.0 million as compared to $899.4 million for the fiscal fourth quarter 2018. For fiscal year 2019, Ciena reported revenue of $3.57 billion, as compared to $3.09 billion for fiscal year 2018.
 
Ciena's GAAP net income for the fiscal fourth quarter 2019 was $80.3 million or $0.51 per diluted common share, which compares to a GAAP net income of $64.0 million, or $0.34 per diluted common share, for the fiscal fourth quarter 2018. For fiscal year 2019, Ciena's GAAP net income was $253.4 million, or $1.61 per diluted common share, as compared to a GAAP net loss of $(344.7) million, or $(2.49) per diluted common share for fiscal year 2018.


Posted by : Dubai PR Network Editorial Team
Viewed 4703 times
PR Category : Banking & Investments
Posted on : Sunday, December 15, 2019  3:27:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Oversupply of oil and demand for gas expected in 2020, says ...
Next Story : Charitable work earns Emirati woman AED 100,000
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Korea's Number One Beauty Brand Innisfree All Set to Celebrate the Grand Opening at the Du... [10266-Views]
Sephora: Are You Ready to Join the #SephoraSquad? [9650-Views]
Emirates Post Issues Set of Commemorative Stamps for the New Logo for People of Determinat... [9211-Views]
How to Beat Pigmentation with DERMAdoctor [8839-Views]
Introducing Zeitun Premium Face Care Collection [8717-Views]
Cerruti 1881 - Special Product Launch for Mother's Day [8448-Views]
Rate Hawk is Live with Global Innovations Flagship Product TassPro and Itinerary [8369-Views]
Spoil her this Mother's Day with gifts from Marks & Spencer [8345-Views]
Enjoy a Selection of Anti-Aging Products from Beauty Solutions [7607-Views]
Achieve Gorgeous and Radiant Skin in Only 90 Seconds [7412-Views]
Swatch X 007 Introducing the New James Bond Collection and Limited Special Edition [6661-Views]
Ferragamo Sapphire Collection [6381-Views]
Tag Heuer Opens Boutique at Mall of the Emirates [6301-Views]
TBO Holidays Hotel XML API Integrated with TassPro and Itinerary HomePR & EventsTBO Holida... [6204-Views]
Dubai Chamber Honours Top-performing Trading Companies [6070-Views]
HRH the Prince of Wales Officially Opens the National Automotive Innovation Centre [5844-Views]
Get Great Hair Naturally With HASK's Latest Haircare Collections This Spring! [5624-Views]
HH Sheikh Mansour bin Mohammed Visits Dubai Sports Council [4929-Views]
Mall of Oman Onboards a Host of Global Lifestyle, Fashion, and F&B Brands Ahead of Its 202... [4679-Views]
Marks & Spencer Unveils its All New Menswear [4557-Views]
Etihad Airways to Operate Special Flights From Al Ain to Jeddah During Ramadan [4355-Views]
Statement Stilettoes from Steve Madden [4197-Views]
Stars Join OMEGA at the Olympia Bob Run in St. Moritz [4191-Views]
Visit of Punjab Minister at Al Maya Stand @ Gulfood 2020 [4136-Views]
Dubai Cares Donates 2,000 Books to Wanna Read? Initiative to Instill the Habit of Reading ... [4130-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories