Ciena soars after beat and guidance

|About: Ciena Corporation (CIEN)|By:, SA News Editor

In addition to beating on revenues and EPS, Ciena's margins - adjusted gross of 43.1% and adjusted operating of 6.2% - are also ahead of estimates.

Q3 revenue guidance of $585M-$615M is better than consensus of $583.3M, with adjusted gross margin expected in the low-mid 40s range.

CC at 8:30 ET

CIEN +12.9% premarket

Previously: Ciena beats by $0.04, beats on revenue