Ciena (CIEN) Tops Q2 EPS by 8c; Guides Q3 Revs Above at Midpoint

Ciena (NYSE: CIEN) reported Q2 EPS of $0.45, $0.08 better than the analyst estimate of $0.37. Revenue for the quarter came in at $707 million versus the consensus estimate of $695.76 million.

“We delivered outstanding second quarter performance across all financial metrics, underpinned by positive market dynamics and a growing competitive advantage," said Gary B. Smith, president and CEO, Ciena. "We continue to win as an innovation powerhouse with global scale and deep customer relationships across a broad set of applications and market segments."

Q3 GUIDANCE:

• Ciena sees Q3 2017 revenue of $710-740 million, versus the consensus of $723.32 million.
• Adjusted (non-GAAP) gross margin in the mid-40s percentage range
• Adjusted (non-GAAP) operating expense of approximately $235 million

For earnings history and earnings-related data on Ciena (CIEN) click here.

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