Ciena (CIEN) Posts Surprise Q4 Loss
Ciena (NYSE: CIEN) reported Q4 EPS of ($0.08), $0.21 worse than the analyst estimate of $0.13. Revenue for the quarter came in at $591 million versus the consensus estimate of $589.4 million.
“We delivered strong revenue growth and improved profitability in fiscal 2014 as we benefited from a more diversified customer base and the strong alignment of our solutions with the increasing on-demand needs of our customers,” said Gary B. Smith, president and CEO of Ciena. “As we continue to expand Ciena’s role and reach, we are well positioned to drive continued growth and increased profitability in 2015.”
Ciena sees Q1 2015 revenue of $540-570 million, versus the consensus of $566.6 million.
For earnings history and earnings-related data on Ciena (CIEN) click here.