Cyan, Inc. (CYNI) Posts Q4 Loss of 15c/Share

Cyan, Inc. (NYSE: CYNI) reported Q4 EPS of ($0.15), $0.07 better than the analyst estimate of ($0.22). Revenue for the quarter came in at $30.5 million versus the consensus estimate of $25.1 million.

"We are very pleased with our fourth quarter results as revenue in the fourth quarter well exceeded our expectations and led to a solid close to the year," said Mark Floyd, Cyan’s chairman and chief executive officer. "Our strong fourth quarter bookings were driven by demand across our customer base and our expanding footprint within our largest customer. We are seeing good momentum with our Z-Series Packet Optical Platform fostered by 100G metro and regional carrier deployments. Furthermore, commercial interest for our Blue Planet SDN and NFV software platform has accelerated and we are excited about our role as the supplier of choice for critical network transformation technology.”

For earnings history and earnings-related data on Cyan, Inc. (CYNI) click here.

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