Ciena Corp's Q2 Revenue Soars 39.5%

By Chris Stiles • Thursday, June 04 14:59 • Permanent Link

Ciena reported fiscal second-quarter revenue of $1.57 billion, up 39.5% from $1.13 billion a year earlier. Gross margin widened to 44.0% from 40.2%, while operating expense rose 8.0% to $453.7 million.

Operating margin jumped to 15.1% from 2.9% in the prior-year quarter. EBITDA climbed to $283.1 million from $66.7 million, a 324.4% increase.

Earnings per diluted share were $1.49, up from $0.06 in the same quarter last year. On an adjusted basis, EPS was $1.64 versus $0.42, a rise of 290%.

For the third quarter, Ciena projected revenue of $1.625 billion plus or minus $50 million. For the full year, it raised its revenue outlook to $6.3 billion plus or minus $100 million, which would be 32% higher year over year at the midpoint. The company also guided for third-quarter adjusted gross margin of about 45%, adjusted operating expense of about $410 million, and adjusted operating margin of 19% to 20%. Following these announcements, the company's shares moved -18.61%, and are now trading at a price of $504.945. For the full picture, make sure to review CIENA CORP's 8-K report.

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