The company logged "strong margins and our fifth consecutive quarter of revenue growth, as customers continued to adopt our next-generation products,” says CEO Tom Fallon. For the second half: "We believe adding Coriant’s capabilities and extensive customer base to our vertically integrated operating model and refreshed product portfolio will allow us to enter 2019 in a position of strength."
Revenue breakout: Products, $175.3M (up 22.3%); Services, $32.94M (down 1.6%).
For the current quarter, it's guiding to revenue of $200M-$220M (vs. $209.6M consensus); non-GAAP gross margin of 36-40%; operating margin of -3% and EPS of -$0.07 to -$0.03 (worse than consensus for -$0.02).
Conference call to come at 5 p.m. ET.
Subscribe for full text news in your inbox