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 (guidance) |
|---|---|---|---|---|---|---|
| -Converged Packet-Optical | 238.1 | 240.0 | 291.4 | |||
| -Packet Networking | 47.3 | 45.8 | 57.1 | |||
| -Optical Transport | 71.8 | 57.6 | 57.4 | |||
| -Software and Services | 108.3 | 109.7 | 101.8 | |||
| Revenue | 477.6 | 474.1 | 465.5 | 453.1 | 507.7 | 515-545 |
| 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 |
| Adj. EPS | 0.04 | -0.04 | -0.07 | 0.12 | 0.02 |
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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