Ciena Posts Big Numbers Again

June 6th, 2013 by · Leave a Comment

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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Categories: Financials · Telecom Equipment

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