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?
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