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Ciena’s first quarter beats Wall St.

Ciena Corp., of Hanover, a manufacturer of fiber-optic networking equipment, reported quarterly earnings almost double the forecasts of Wall Street analysts.

For its fiscal first quarter ended Jan. 31, Ciena reported adjusted net income of $13.7 million, or 13 cents per diluted share, versus adjusted net income of $12.3 million, or 12 cents per diluted share, for the prior-year period.

Adjusted earnings don’t include special items and one-time charges, which are typically discounted by analysts.

Analysts polled by Thomson Reuters had forecast, on average, net income of 6 cents per share.

The company’s first-quarter revenue totaled $533.7 million, compared to $453.1 million for the same period in 2013.

Analysts expected revenue of $533.7 million, matching the actual result.