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Broadband

Ciena margins fall on start-up costs, revenues up 3%

Thursday 31 May 2018 | 14:59 CET | News
Ciena reported revenue for its fiscal second quarter to April of USD 730 million, up 3 percent year-on-year. However, the company's margins took a hit due to the start-up of a number of new projects with international service providers. The gross margin fell to 40.2 percent from 45.0 a year ago, and adjusted EBITDA was down 28.3 percent to USD 77.1 million. EPS fell to 9 cents from 25 cents a year earlier. 

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Categories: Fixed
Companies: Ciena
Countries: World
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