Powered by strong converged packet-optical sales, Ciena posted a strong fiscal Q2 report this morning, surpassing both estimates and guidance on virtually all fronts. Here are a few of their numbers in some context:
| $ in millions | FQ2/14 | FQ3/14 | FQ4/14 | FQ1/15 | FQ2/15 | FQ3/15 (guidance) |
|---|---|---|---|---|---|---|
| -Converged Packet-Optical | 356.8 | 382.0 | 383.3 | 336.6 | 432.9 | |
| -Packet Networking | 66.5 | 69.5 | 56.4 | 55.0 | 53.3 | |
| -Optical Transport | 29.6 | 31.0 | 26.5 | 22.3 | 16.5 | |
| -Software and Services | 107.1 | 121.1 | 124.8 | 115.3 | 118.9 | |
| Revenue | 560.0 | 603.6 | 591.0 | 529.2 | 621.6 | 610-640 |
| Adj. OPEX | 206.3 | 206.3 | 203.7 | 197.3 | 207.9 | ~210 |
| Adj. GM% | 41.3% | 44.3% | 37.9% | 44.1% | 44.4% | 43% |
| Adj. EPS | 0.17 | 0.32 | -0.08 | 0.12 | 0.35 |
Revenues were above the top end of the guided range ($585-615M) while expenses were lower. That is a happy combination that led to an adjusted EPS number some 11 cents above analyst projections.
Guidance for fiscal Q3 straddled analyst projections, although with the midpoint perhaps a bit on the conservative side.
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Categories: Financials · Telecom Equipment
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