{"id":24951,"date":"2014-06-06T09:22:00","date_gmt":"2014-06-06T13:22:00","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=24951"},"modified":"2014-06-06T09:22:00","modified_gmt":"2014-06-06T13:22:00","slug":"ciena-corporation-nysecien-offers-upbeat-forecast-for-q3","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/ciena-corporation-nysecien-offers-upbeat-forecast-for-q3-24951","title":{"rendered":"Ciena Corporation (NYSE:CIEN) Offers Upbeat Forecast For Q3"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 06\/06\/2014 (wallstreetpr) \u2013\u00a0Communications networking equipment, software and services provider <strong>Ciena Corporation (NYSE:CIEN)<\/strong> provided an upbeat guidance for the third quarter that was more than what the Street analysts\u2019 estimated. The company\u2019s adjusted earnings for the second quarter also beat predictions thereby lifting investors\u2019 sentiments on the stock.<\/p>\n<p style=\"text-align: justify;\"><b>Outlook<\/b><\/p>\n<p style=\"text-align: justify;\">Ciena Corporation (NYSE:CIEN)\u00a0has provided revenue guidance between $585 and $615 million for the third quarter. This meant that even the lower end of the outlook is above the Wall Street analysts\u2019 expectations of $583.31 million.<\/p>\n<p style=\"text-align: justify;\">Its forecast of adjusted gross margin between the low and mid 40s percentage is either in line with their latest quarter performance or above. Similarly, adjusted operating costs are predicted to be approximately $210 million, which is in tune with its second quarter results.<\/p>\n<p style=\"text-align: justify;\"><b>2Q Results<\/b><\/p>\n<p style=\"text-align: justify;\">Ciena Corporation (NYSE:CIEN)\u00a0suffered a net loss of $10.2 million or a loss of 10 cents a share, which is narrower than a loss of $27.1 million or a loss of 27 cents a share in the year earlier quarter. However, on an adjusted basis, net income surged to $19.4 million or 17 cents a share from $2.2 million or 2 cents a share in the previous year quarter. On average, analysts from the Street estimated the company to earn 13 cents a share for the latest quarter.<\/p>\n<p style=\"text-align: justify;\">Total revenue advanced 10.3% to $560.0 million from $507.7 million in the year-ago quarter. This is higher than the Street expectations of $559.18 million.<\/p>\n<p style=\"text-align: justify;\">Ciena Corporation (NYSE:CIEN)\u2019s revenue is driven by converged packet optical segment that represented 63.7% of revenue, up from 57.9% in the year earlier period and 62.5% in the preceding first quarter. Similarly, contributions from packet networking grew to 11.9% of total revenue from 10.7% in the comparable period and 9.7% in the first quarter.<\/p>\n<p style=\"text-align: justify;\"><b>Other Metrics<\/b><\/p>\n<p style=\"text-align: justify;\">Ciena\u2019s adjusted gross margin improved to 43.1% from 42.5%, while adjusted operating margin increased to 6.2% from 3.7% in the previous year quarter and 5.9% in the first quarter of the current fiscal year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 06\/06\/2014 (wallstreetpr) \u2013\u00a0Communications networking equipment, software and services provider Ciena Corporation (NYSE:CIEN) provided an upbeat guidance for the third quarter that was more [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":18843,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[4622,4623],"stock_ticker":[],"class_list":["post-24951","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-ciena-corporation-nysecien","tag-nysecien","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - 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