Ciena (CIEN) Beats Q3 Earnings and Revenue Estimates

Ciena reported quarterly earnings of $2.11 per share, beating consensus estimates of $1.74 and representing a 21.26% earnings surprise. The company posted revenues of $1.67 billion, surpassing estimates by 1.44%. With a Zacks Rank #2 (Buy) rating and 51.4% year-to-date gains, Ciena has consistently outperformed the S&P 500. ServiceTitan is expected to report results on September 8 with projected earnings of $0.36 per share.