:max_bytes(150000):strip_icc()/GettyImages-2218096493-bc2eaf00308b4ac894024191dd75f0bc.jpg?w=1920&resize=1920,1267&ssl=1 "Ciena Stock Tumbles as Incentive Compensation Drives Profit Below Estimates")
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key takeaways
- Ciena’s shares fell on Thursday as the benefit of the fiscal second quarter of the networking firm came down, forecasting analysts.
- Revenue estimated, but the company’s CFO stated that high incentive compensation for its employees lifted the expenses.
- That trend is expected to continue, with adjusted operating expenses more estimated by the consensus of the analyst for the current quarter.
Networking systems fell below the estimates of the company’s fiscal second -quarter benefits.
The company accommodated the income of $ 0.42 per share on revenue, which jumped from 24% to $ 1.13 billion from year to year. Analysts surveyed by visible alpha expected $ 0.52 and $ 1.09 billion respectively.
In Thursday’s earnings call, CFO Jim Moylan stated that the company’s adjusted operating expenditure of $ 369 million was more than expected, completely inspired by high incentive compensation, with very strong order performance in the quarter and our overall financial performance in the first half of the year, “according to a transcript provided by Alphazens.
Moylan said that the company hopes to make tariffs a headwind of about $ 10 million per quarter to proceed, most of which Sienna said Sienna said it is expected to be able to reduce.
The CFO stated that Ciena is priced at $ 1.21 billion to $ 1.21 billion from $ 1.13 billion, above the consensus of $ 1.1 billion. However, the company’s adjusted operating expenses are estimated from $ 370 million to $ 375 million, which is above $ 356.0 million which analysts expect, which Moylan said that Moylan said that is again due to high incentive compensation.
Sienna’s shares entered 1% below Thursday since the beginning of the year.
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