UPDATE: Ciena Posts Narrower FQ3 Net Loss

Ciena

posted a narrower fiscal third-quarter loss. For the current period, Ciena expects revenue of $550 million to $580 million, versus analysts' estimates of $551 million. Ciena posted a quarterly loss of $1.2 million, or a penny per share, versus a year-ago loss of $29.8 million, or $0.30 per share. Excluding one-time items, it earned $0.23 per share. However, analysts were expecting a profit of $0.16 per share Its revenue rose 14% to $538.4 million. Ciena in June expected revenue of $515 million to $545 million. Ciena shares jumped 11.46% to $23.05 in pre-market trading.