CIENA (CIEN) Misses Q4 Results; Guides Below The Street
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CIENA Corp. (Nasdaq: CIEN) reported a Q4 adjusted loss of $0.10 per share, versus the consensus of a $0.06 profit. Revenues came in at $179.7 million, versus the consensus of $198.8 million.
Sees Q1 revenues of $170-$185 million, versus the consensus of $190.5 million.
Commenting on its outlook, the CEO said, "Longer term, we believe that underlying capacity demands and our customers’ business need to transition to more efficient networks remain fundamental demand drivers for our business. Our short-term visibility is limited, however, as the rapidly unfolding macroeconomic climate causes increased capex scrutiny among our customers."
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