For the second straight quarter, Ciena (NASDAQ:CIEN, news, filings) easily surged past both guidance and analyst estimates and posted quarterly revenues above $500M for the first time. Forward guidance was also above the expected range. Here's their numbers in some context:
|$ in millions||FQ2/12||FQ3/12||FQ4/12||FQ1/13||FQ2/13||FQ3/13
|-Software and Services||108.3||109.7||101.8|
|Adj. OPEX||172.9||175.6||191.8||176.6||197.4||mid 190s|
|Adj. GM%||39.6%||39.6%||42.7%||44.6%||42.5%||low 40%s|
Analysts had been looking for just $484M in revenues and an adjusted loss per share of $0.01, and for next quarter they were hoping for just $509 or so. So the market is probably going to respond pretty favorably I'd think. Is the Nortel MEN acquisition finally starting to pay off?
If you haven't already, please take our Reader Survey! Just 3 questions to help us better understand who is reading Telecom Ramblings so we can serve you better!Categories: Financials · Telecom Equipment