UPDATE: Ciena Posts Narrower Q4 Loss
Ciena Corp (NASDAQ: CIEN) reported a narrower fourth-quarter loss.
Ciena posted a quarterly loss of $22.3 million, or $0.23 per share, versus a year-ago loss of $80.3 million, or $0.86 per share. Excluding certain items, Ciena posted a loss of $0.03 per share. However, analysts were expecting an adjusted profit of $0.06 per share.
Its revenue climbed 9.1% to $455.5 million. Ciena in September expected revenue of $440 million to $460 million.
Ciena shares dropped 1.85% to $11.69 in pre-market trading.
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