— Ciena Corporation (NYSE: CIEN) reported its fourth-quarter 2019 adjusted earnings of $0.58 per share versus $0.63 per share expected.
— Revenue grew by 8% to $968 million versus $964.29 million expected.
— Revenue from networking platforms grew by 12% while that from platform software and services dropped by 27%.
— Total global services revenue decreased by 6% while revenue from blue planet automation software and services rose by 55%
— Geography-wise, revenue from North America grew by 21% while that from the Asia Pacific fell by 41%.
— Revenue from Europe, Middle East, and Africa increased by 24% and that from the Caribbean and Latin America dropped by 19%.
— Over the next three years, Ciena predicts revenue of about 6-8% annual growth and adjusted EPS of over 20% annual growth.
— The adjusted operating margin is projected to be 15% for fiscal 2020 and at least 15% in fiscal 2021.
— In each of the next three years, free cash flow is expected to be about 60-70% of adjusted operating income.
Last month, the IPO market was in a full swing. IPOs of Snowflake (NYSE: SNOW) and JFROG (NASDAQ: FROG) had an impressive opening day in September, the former creating a
PepsiCo Inc. (NASDAQ: PEP) beat market expectations on both revenue and earnings for the third quarter of 2020. The company saw the momentum continue in its snacks business while the
With more and more people turning to virtual entertainment sources, amid the virus-related movement restrictions, video game publishers like Electronic Arts (NASDAQ: EA) are witnessing unusually high demand. Not surprisingly,