Yesterday, Ciena announced financial results for 2019Q2 ended April 30, 2019. Q2 revenues were $865.0 million, jumping a remarkable 18.5%. Income per share was $0.33 GAAP; $0.48 adjusted (non-GAAP)
“Today we reported very strong quarterly performance, including continued market share gains, driven by our technology leadership and diversified customer base in high growth markets,” said Gary Smith, President and CEO, Ciena. “We are entering the second half with strong visibility and increased confidence for the full fiscal year supported by favorable industry dynamics and growing competitive advantage.”
Although management has been saying positive things at Ciena for a few quarters, investors were still taken by surprise by the results. Shared popped 26.8% yesterday.