Ciena has posted its fiscal Q3 numbers and again managed to stay slightly ahead of analyst expectations. However, guidance for fiscal Q4 was more conservative than had been hoped for.
Revenues of $728.7M were a few million above both median of guidance and the analyst composite number. The biggest boost came from packet networking and software platforms, while other areas held pretty stable. The Americas were a bit stronger this quarter, while APAC and EMEA were down sequentially. Non-GAAP earnings per share of $0.51 was a few pennies higher than analysts had expected on average.
Looking ahead, the company forecasted fiscal Q4 revenues in the $720-750M range, while analysts were more in the $750-780M range. Adjusted gross margin should be in the mid-40%s, while adjusted opex is expected to be around $250M. Those numbers have the company’s stock down in the pre-market, although it’s still early.
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mhammett on euNetworks, Ciena Put 1.6Tbps Wavelengths to Work: “Did they say anywhere what the channel size was to deliver 1.6 TB/s? All of the other operators I’ve talked…” Nov 12, 08:31
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