Ciena Corp. shares slid 3.4% in Thursday premarket trading after the networking systems and software company reported fiscal fourth-quarter earnings that missed expectations. Net income totaled $80.3 million, or 51 cents per share, up from 64.0 million, or 34 cents per share, last year. Adjusted EPS of 58 cents missed the 63-cent FactSet consensus. Revenue of $968.0 million was up from $899.4 million last year and ahead of the $964.0 million FactSet outlook. Ciena stock has gained 10.2% over the last 12 months while the S&P 500 index is up 18.5% for the period.
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