Shares of fiber optic networking equipment vendor Ciena (CIEN) are up 43 cents, or 3.6%, at $12.34 after the company this morning reported fiscal Q4 revenue ahead of expectations but missed on the bottom line.
Revenue in the three months ended in October rose 9%, year over year, and 5%, quarter over quarter, to $455.5 million, yielding EPS of 3 cents per share, excluding some costs.
Analysts had been modeling $450 million and 6 cents.
On a GAAP basis, Ciena lost 23 cents a share.
CEO Gary Smith called the results “strong” and cheered the second quarter in a row of adjusted operating profit. He said the company was taking market share in an environment of “macroeconomic uncertainty.”
For the current quarter, the company forecast $435 million to $455 million. Gross profit margin, on a non-GAAP basis, is expected to be “in the low 40s range” on a percentage basis, consistent with last quarter’s 43.2%.
Analysts have been modeling $454 million in revenue.
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