UPDATE: Ciena Posts Wider FQ4 Loss

Ciena

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.