This morning, Ciena reported fiscal third-quarter net income of $60 million, or 39 cents per diluted share. Earnings, adjusted for stock option expense and amortization costs, were 51 cents per share.  These results beat expectations by 2 cents. Revenue came in at $728.7 million in the period, also beating forecasts. However, forecasts for the upcoming […]

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Cisco announced 2017Q4 results with sales of $12.1B, but representing a 4% YoY decline.  Adjusted earnings fell 3% from one year ago to 61 cents per share, which matched analysts’ estimates.  You used to be able to bank on Cisco beating earnings by at least a penny a share.  Overall, the results underwhelm. Chuck Robbins, […]

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