What happened Shares of Ciena (NYSE: CIEN) traded 17.4% higher as of 1:20 p.m. EST, thanks to a mixed fourth-quarter earnings report. The maker of high-speed networking systems and related services also presented a rosy view of its long-term growth prospects. So what In the fourth quarter of fiscal-year 2019, Ciena saw revenues rise 7.6% year over year to $968 million. Adjusted earnings increased by 9.4%, landing at $0.58 per diluted share. Your average analyst had been expecting earnings near $0.63 per share on sales in the neighborhood of $964 million, so Ciena beat the consensus revenue target while falling short of bottom-line estimates. On the earnings call, CFO Jim Moylan said that Ciena continues to target year-over-year earnings growth of roughly 20% per year over the next three years. Revenues are expected to rise at an annual clip of approximately 7% over the same period. Image source: Getty Images. Now what Management also painted a rosy picture of Ciena's position in the networking market, saving the brightest colors for the data center interconnect (DCI) sector. "Our diversification and global scale have created a balanced and resilient business, and one that has consistently outperformed the market and our peers, even in the face of short-term challenges in any particular geography, segment or customer," said CEO Gary Smith. "Regarding our web-scale customers, we are now clearly an established incumbent in several key accounts and we broadened those relationships considerably in 2019. This led to a greater than 50% market share in the global DCI market." It's no surprise to see investors shrug off Ciena's unimpressive earnings result to focus on strong revenue growth and a healthy future. 10 stocks we like better than CienaWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Ciena wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of December 1, 2019 Anders Bylund has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source