07:25 AM EST, 12/12/2024 (MT Newswires) -- Ciena (CIEN) reported fiscal Q4 adjusted net income Thursday of $0.54 per diluted share, down from $0.75 a year earlier.

Analysts polled by FactSet expected $0.65.

Revenue for the quarter ended Nov. 2 was $1.12 billion, down from $1.13 billion a year earlier.

Analysts surveyed by FactSet expected $1.10 billion.

Ciena's shares were down more than 3% in recent premarket activity.