Ciena stock weekly performance for June 5, 2020

Ciena stock price this week

Ciena Corp. (NYSE:CIEN) stock price performance for the week ending on June 5, 2020, was -1.76%. CIEN stock price is very near to is 52-week high at 57.19. CIEN stock has a P/E ratio of 26.43 and a YTD performance of +27.16%. Stock market data: MarketWatch

CIEN stock news

“Ciena® Corporation (NYSE:CIEN), a networking systems, services and software company, today announced unaudited financial results for its fiscal second quarter ended May 2, 2020.
Q2 Revenue: $894.1 million, increasing 3.4% year over year
Q2 Net Income per Share: $0.59 GAAP; $0.76 adjusted (non-GAAP)
Share Repurchases: Prior to suspending repurchases during the quarter, we repurchased approximately 0.6 million shares of common stock for an aggregate price of $23.8 million during the quarter
“In this uncertain environment, we delivered industry leading financial performance during our second quarter, including strong revenue and outstanding profitability,” said Gary Smith, President and CEO, Ciena. “Our strategy, centered around innovation, diversification and global scale, has resulted in a resilient business capable of navigating challenging times and delivering strong shareholder value over the long-term.”

For the fiscal second quarter 2020, Ciena reported revenue of $894.1 million as compared to $865.0 million for the fiscal second quarter 2019.

Ciena’s GAAP net income for the fiscal second quarter 2020 was $91.7 million, or $0.59 per diluted common share, which compares to a GAAP net income of $52.7 million, or $0.33 per diluted common share, for the fiscal second quarter 2019.

Ciena’s adjusted (non-GAAP) net income for the fiscal second quarter 2020 was $117.4 million, or $0.76 per diluted common share, which compares to an adjusted (non-GAAP) net income of $76.2 million, or $0.48 per diluted common share, for the fiscal second quarter 2019.”

Date of release for the earnings was June 4, 2020. Stock market source: https://www.businesswire.com/news/home/20200604005152/en/Ciena-Reports-Fiscal-Quarter-2020-Financial-Results

CIEN stock daily chart

Ciena Corp. (NYSE:CIEN) stock daily chart
Ciena Corp. (NYSE:CIEN) stock daily chart

Source: Stockscharts

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