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Ciena forecasts 8-9% FY revenue growth
2015-12-11 08:52:00| Telecompaper Headlines
(Telecompaper) Ciena reported revenues of USD 692 million for its fiscal fourth quarter to October, up from USD 591 million a year earlier and at the high end of its guidance. The net loss narrowed to USD 13.8 million from USD 30.7 million a year ago, and adjusted EPS improved to USD 0.42 per share from a loss of USD 0.08 a year earlier. The results were supported by the takeover of Cyan, which increased converged packet optical revenue to USD 484 million from USD 383 million a year ago. For fiscal Q1, the company forecast revenue of USD 555-590 million and adjusted gross margin around 44 percent. Over fiscal 2016, revenue is expected to grow 8-9 percent and the adjusted gross margin to stay in the mid-40s percent range. The adjusted operating margin is targeted at 11-12 percent.
Tags: growth
revenue
forecasts
ciena
Ciena shares fall sharply on disappointing outlook
2015-12-10 21:29:24| Telecom - Topix.net
Ciena reported better-than-expected financial results for the fourth quarter Thursday, but its revenue outlook for the current quarter and year missed Wall Street expectations. Its shares moved sharply lower.
Tags: fall
shares
outlook
sharply
Ciena plunges towards $20 on soft guidance, takes peers lower; Northland upgrades
2015-12-10 21:04:44| Semiconductors - Topix.net
Ciena has tumbled after issuing light FQ1 guidance to go with an FQ4 beat . In addition, the optical networking hardware vendor has guided for 8%-9% FY16 revenue growth, below a 13.8% consensus.
Tags: lower
takes
soft
guidance
AquaComms Selects Ciena For New Trans-Atlantic Submarine Network
2015-11-19 06:55:36| fiberopticsonline News Articles
To support surging demand for trans-Atlantic connectivity, Aqua Comms Limited (AquaComms) selectedCiena to facilitate 100G connectivity on its newAEConnect Cable Systemfrom New York to London, and beyond to greater Europe
Tags: network
selects
submarine
transatlantic
Ciena Corporation (CIEN) And Joy Global Inc. (JOY) Trending In...
2015-09-03 21:15:03| Industrial Machines - Topix.net
Ciena Corporation and Joy Global Inc. had two things in common this morning: both released their quarterly earnings and both saw their stocks get battered after the market caught a glimpse of them. The big difference is that Joy Global Inc. 's dip of more than 16% has persisted throughout the day, while Ciena Corporation has made a big rebound from being down by more than 7% at one point to now trading up by more than 2% for the day.
Tags: in
global
corporation
joy
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