Ciena shows some telecom hope

Filed under: Earnings reports, Ciena Corp (CIEN)

Just a couple years ago, the shares of Ciena Corp. (NASDAQ: CIEN) were above $40. But since then, it's been brutal -- with the shares eventually falling to $5.35. After all, the company is in the competitive telecom-equipment space.

However, things have been getting better lately. In fact, the share price is now at $13.06.

And this week Ciena reported its fiscal Q3 earnings report. While revenues dropped 35% over the past year, they were actually up 14% over the prior quarter. There was a net loss of $26.5 million, or $0.29 per share.

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Ciena shows some telecom hope originally appeared on BloggingStocks on Thu, 03 Sep 2009 17:30:00 EST. Please see our terms for use of feeds.

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