Though Ciena's (CIEN +2.1%) FQ1 revenue was only in-line, its gross margin (43.4%, +260 bps Q/Q and -120 bps Y/Y) and opex ($199.8M, -5% Q/Q and +13% Y/Y) were favorable to guidance for a low-40s GM and $205M in opex.
The stock showed a positive weekly performance of 55.73%. Ciena Corporation(NYSE:CIEN), which had been rising earlier Thursday on a first-quarter beat, reversed itself and was trading down around noon.
Ciena Corporation (NASDAQ:CIEN) is a provider of communications networking equipment, software and services that support the transport, switching, aggregation and management of voice, video and data traffic.
Nomura's Stuary Jeffrey has upped his Ciena FY16 (ends Oct. '16) EPS forecast to $2.33 from $1.92, and predicts the Ericsson deal will lift Ciena's EMEA/Asia-Pac share by 2%. He expects the gross margin for Ericsson-related revenue to be 500 bps lower ...
Pandora Media Inc(NYSE:P) was down more than 3% Thursday after announcing listening metrics for the month of February. The firm said that listener hours climbed 9% year-over-year to 1.51 billion and share of total U.S.
Provider of network solutions Ciena Corporation (NYSE:CIEN), based in the US, reported on Thursday GAAP net loss of USD15.9m, or USD0.15 per common share, for the first quarter of fiscal 2014, ended 31 January 2014.