Ciena (CIEN) Tops Q1 EPS by 9c, Sales Miss
Ciena (NYSE: CIEN) reported Q1 EPS of $0.12, $0.09 better than the analyst estimate of $0.03. Revenue for the quarter came in at $529.2 million versus the consensus estimate of $558.78 million.
Ciena sees Q1 2015 revenue of $585-615 million, versus the consensus of $591.17 million.
“Our first quarter performance is highlighted by continued customer diversification, an expanding portfolio, and strong profitability. While order timing and foreign exchange headwinds impacted revenue in the quarter, we delivered improved gross margin and excellent operating profit," said Gary B. Smith, president and CEO of Ciena. "We are consistently delivering on our business model and are well positioned to capitalize on our leadership in driving an open, global network for the cloud."
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