Ciena (CIEN) Cuts Q4 Revs Outlook
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Price: $16.35 +2.00%
Revenue Growth %: +8.7%
Financial Fact:
Services: 60.78M
Today's EPS Names:
LBIX, ESEA, ISS, More
Revenue Growth %: +8.7%
Financial Fact:
Services: 60.78M
Today's EPS Names:
LBIX, ESEA, ISS, More
Trade CIEN Now!
Ciena Corporation (Nasdaq: CIEN), has provided certain preliminary financial results for the fiscal first quarter ended January 31, 2012.
Revenue is now expected to be approximately $415 million, compared to the company’s previous expectation of $435 to $455 million. The Street sees revs of $447.8 million.
Adjusted (non-GAAP) gross margin is expected to be in-line with the previous guidance of the low 40s percent range. Adjusted (non-GAAP) operating expense is now expected to be in the mid $170s million range, compared to the company’s previous expectation of the low $180s million range. Adjusted (non-GAAP) operating expense is expected to be approximately $24 million lower than GAAP operating expense, related primarily to amortization of intangible assets, share-based compensation expense and restructuring costs.
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Revenue is now expected to be approximately $415 million, compared to the company’s previous expectation of $435 to $455 million. The Street sees revs of $447.8 million.
Adjusted (non-GAAP) gross margin is expected to be in-line with the previous guidance of the low 40s percent range. Adjusted (non-GAAP) operating expense is now expected to be in the mid $170s million range, compared to the company’s previous expectation of the low $180s million range. Adjusted (non-GAAP) operating expense is expected to be approximately $24 million lower than GAAP operating expense, related primarily to amortization of intangible assets, share-based compensation expense and restructuring costs.
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