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UPDATE: Ciena Posts Wider FQ4 Loss

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Ciena (NASDAQ: CIEN) posted a wider fiscal fourth-quarter loss.

For the current quarter, Ciena expects revenue of $435 million to $460 million, versus analysts' estimates of $459 million.

Ciena posted a quarterly loss of $38.8 million, or $0.39 per share, versus a year-ago loss of $22.3 million, or $0.23 per share. Excluding one-time items, Ciena posted an adjusted loss of $0.07 per share. However, analysts were expecting a loss of $0.06 per share.

Its revenue rose 2.2% to $465.5 million. Ciena in August expected revenue of $455 million to $480 million.

Its gross margin declined to 41.3% from 41.7%.

Ciena shares dropped 2.06% to $15.25 in pre-market trading.

Posted-In: lossEarnings News Guidance

 

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