Ciena Corp. (CIEN) Tops Q3 EPS by 3c, Q4 Revenue Falls Short
Ciena Corp. (NYSE: CIEN) reported Q3 EPS of $0.32, $0.03 better than the analyst estimate of $0.29. Revenue for the quarter came in at $603.6 million versus the consensus estimate of $600.81 million.
Ciena expects fiscal fourth quarter 2014 to be impacted by several significant variables that contribute to a broader range of potential outcomes for both revenue and gross margin than typically expected. Accordingly, Ciena expects fiscal fourth quarter 2014 financial performance to include:
Ciena Corp. sees Q4 2014 revenue of $570-610 million, versus the consensus of $629.3 million. Adjusted (non-GAAP) gross margin in the high 30s to low 40s percent range. Adjusted (non-GAAP) operating expense to be approximately $210 million
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