03.09.2015 - Ciena has increased profits
Producer of telecommunication equipment Ciena reported an increase in profit despite the decline in revenue in the last quarter. Thus, the profit totaled 23.6 million against 16.2 for the same period of the last year, but revenue fell to 602.9 million against 603.6 million last year. It is worth noting that the company has signed a deal to buy Cyan provider for $ 400 million, which increased the customer base of the company. Given the company's successful expansion and profit growth, we expect the company's increase in prices by 25-28% per year.