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
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