Seeking Alpha

Ciena (CIEN) +13.9% following its FQ1 beat, which is adding fresh fuel to hopes of improving...

Ciena (CIEN) +13.9% following its FQ1 beat, which is adding fresh fuel to hopes of improving telecom capex. FQ2 guidance is for revenue of $465M-$495M, in-line with a $482.1M consensus. Gross margin was 44.6%, +190 bps Q/Q and +270 bps Y/Y. Expected to be in low-40s in FQ2. Sales of integrated Ethernet/optical networking gear (53% of revenue) +18% Y/Y. Ethernet switches +113%, optical transport -47%. Opex roughly flat. 2 customers made up 26% of sales. Shares remain well below early 2011 levels, and even further below 2007 levels. (PR)
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)