Ciena (CIEN) Misses Q4 EPS by 2c
Ciena (NYSE: CIEN) reported Q4 EPS of $0.44, $0.02 worse than the analyst estimate of $0.46. Revenue for the quarter came in at $716.2 million versus the consensus estimate of $716.48 million.
Ciena sees Q1 2017 revenue of $615-645 million, versus the consensus of $634.6 million.
“Our strong fiscal 2016 results demonstrate our increasingly differentiated performance versus our competitors, marking Ciena's seventh consecutive year of growing faster than the overall market as well as steady improvement in our operating leverage, profitability and cash flow,” said Gary Smith, president and CEO, Ciena. “We believe that the combination of our leading technology, strategic investments, global scale and business diversification will enable us to continue to take market share and drive operating leverage in fiscal 2017.”
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