Ciena Corp. (CIEN) Tops Q1 EPS by 25c; Guides Q2 Sales In-Line
Ciena Corp. (NASDAQ: CIEN) reported Q1 EPS of $0.12, $0.25 better than the analyst estimate of ($0.13). Revenue for the quarter came in at $453.1 million versus the consensus estimate of $448.27 million.
"Our strong first quarter performance reflects a solid start to our fiscal year," said Gary Smith, president and CEO of Ciena. "We have positioned Ciena to take advantage of the underlying market dynamics, which are increasingly aligned with our strategy and competitive strengths. We believe the combination of our technology and market share leadership as well as our strategic customer relationships will enable us to continue growing faster than the market."
Ciena Corp. sees Q2 2013 revenue of $465-495 million, versus the consensus of $482.1 million. The company also said it sees adjusted (non-GAAP) gross margin in the low 40s percent range and adjusted (non-GAAP) operating expense in the low $190s million range.
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