CIENA (CIEN) Shares Falling Amid Q4 Miss, Concerning Q1 Outlook
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Price: $392.48 -1.75%
EPS Growth %: +156.7%
Financial Fact:
Acquisition and integration costs: 1.03M
Today's EPS Names:
EDXC, BICX, FBPI, More
EPS Growth %: +156.7%
Financial Fact:
Acquisition and integration costs: 1.03M
Today's EPS Names:
EDXC, BICX, FBPI, More
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Shares of CIENA Corp. (Nasdaq: CIEN) are moving lower pre-market Thursday following fourth-quarter results and an in-line first-quarter 2012 outlook.
Total revenue rose 9.1 percent from $417.61 million in the fourth quarter of 2010 to $455.46 million. Operating margins compressed 0.4 points to 3.6 percent.
CIENA cut it's net loss from $80.32 million in the year-ago quarter to $22.33 million, or 23 cents per share. Adjusted for certain items, CIENA reported earnings of 3 cents per share.
Analysts on the Street were looking for revenue of $450.5 million and earnings of 7 cents per share.
Packet-Optical Transport revs rose 4.9 percent to $296.2 million, but made up only 65.1 percent of total sales, down from 67.6 percent in the same period in 2010. Packet-Optical Switching revs increased 92.5 percent to $41.2 million.
Customers outside of the U.S. contributed 45 percent of total sales.
Looking ahead, CIENA see first-quarter revenue of $435 to $455 million, and non-GAAP gross margin in the low-40 percent range. The Street is currently looking for first-quarter revs of $454.3 million.
CIENA shares last traded at $11.50, down about 3.5 percent from Wednesday's close.
Total revenue rose 9.1 percent from $417.61 million in the fourth quarter of 2010 to $455.46 million. Operating margins compressed 0.4 points to 3.6 percent.
CIENA cut it's net loss from $80.32 million in the year-ago quarter to $22.33 million, or 23 cents per share. Adjusted for certain items, CIENA reported earnings of 3 cents per share.
Analysts on the Street were looking for revenue of $450.5 million and earnings of 7 cents per share.
Packet-Optical Transport revs rose 4.9 percent to $296.2 million, but made up only 65.1 percent of total sales, down from 67.6 percent in the same period in 2010. Packet-Optical Switching revs increased 92.5 percent to $41.2 million.
Customers outside of the U.S. contributed 45 percent of total sales.
Looking ahead, CIENA see first-quarter revenue of $435 to $455 million, and non-GAAP gross margin in the low-40 percent range. The Street is currently looking for first-quarter revs of $454.3 million.
CIENA shares last traded at $11.50, down about 3.5 percent from Wednesday's close.
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