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Ciena quarterly sales top expectations, margins improve

Thursday 1 June 2017 | 16:39 CET | News
Ciena reported revenues for its fiscal second quarter to April of USD 707 million, up 10 percent from a year earlier and at the high end of its guidance. Net profit more than doubled, to USD 38 million or 25 cents a share from USD 14 million or 10 cents a share a year ago. Ciena said it benefited from positive market dynamics and a growing competitive advantage. Its gross margin improved to 45.0 percent from 44.2 a year earlier, and the operating margin jumped to 8.2 percent from 4.4. For the third quarter, the company forecast revenue of USD 710-740 million and an adjusted gross margin in

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Categories: Fixed
Companies: Ciena
Countries: World
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