Friday, August 31, 2007

Ciena Swings to Profit

Boosted by strong sales and gross margins, Ciena realized a profit and beat analysts' expectations in its fiscal third quarter.

For the quarter ended July 31, 2007, the optical vendor reported earnings of $28.3 million, or 29 cents a share, on revenues of $205 million. That compares with a loss of $4.3 million, or 5 cents per share, on sales of $137.8 million in the year-ago quarter.

Ciena's revenues grew 5.9 percent sequentially and 34.4 percent year over year, beating Wall Street expectations. Analysts expected quarterly sales of $203.25 million, according to Thompson Financial.

The company also posted strong margins for the quarter, with overall gross margins at 47.7 percent and product gross margins of 53.7 percent. That compares with Wall Street estimates of 44.5 percent.

Excluding certain one-time and non-cash items, the company reported third-quarter earnings of $40 million, or 41 cents per share. That beat analyst expectations for profits of 31 cents per share.

Ciena's third-quarter 2006 results included a restructuring charge of $11 million. Excluding one-time charges, earnings were $20.6 million, or 23 cents per share, in the previous year's third quarter.

Ciena's earnings come in the wake of a number of customer wins in the quarter and continued strong business from existing customers. Earlier in the quarter, the company touted customer wins at JANET ("the UK's education and research network") and AboveNet Inc., and talked up business that it had won at BT Group plc as part of that company's 21CN project.

Ciena's fiscal third quarter marks continued momentum for the company, which has posted 14 quarters of sequential revenue growth. The company's stock has responded to that growth, rising nearly 40 percent year-to-date.

33 comments:

Anonymous said...

xanax online dosage of generic xanax - xanax side effects canine

Anonymous said...

buy tramadol online buy tramadol online no prescription mastercard - tramadol for dogs 50 mg

Anonymous said...

xanax online nucynta xanax drug interactions - what does generic xanax look like pill

Anonymous said...

buy tramadol online tramadol for dogs best price - tramadol 50 mg how strong

Anonymous said...

buy tramadol online tramadol 50 mg strength - tramadol 50 mg images

Anonymous said...

buy tramadol online tramadol 100mg/1ml - tramadol generic for ultram

Anonymous said...

buy carisoprodol carisoprodol contraindications - soma carisoprodol back pain

Anonymous said...

buy tramadol online tramadol hcl with ibuprofen - tramadol 50 mg online pharmacy

Anonymous said...

generic xanax xanax effects long - xanax online stores

Anonymous said...

buy tramadol online tramadol 4h2 - tramadol hcl vs vicodin

Anonymous said...

buy tramadol rx tramadol-ratiopharm 100mg/ml tropfen - buy tramadol online usa

Anonymous said...

buy carisoprodol carisoprodol 350 mg watson - flumazenil reversal of carisoprodol (soma) intoxication

Anonymous said...

carisoprodol buy carisoprodol 350 mg generic for - order vicodin online no prescription

Anonymous said...

buy tramadol online buy cheap tramadol online usa - order tramadol arkansas

Anonymous said...

cialis online cheap cialis in us - buy cialis online us

Anonymous said...

generic cialis no prescription order cialis australia - cialis online with prescription

Anonymous said...

buy generic xanax xanax bars quotes - long do effects 2mg xanax last

Anonymous said...

xanax online popping xanax effects - xanax on drug test time

Anonymous said...

cialis online daily use cialis reviews - cialis daily kaufen

Anonymous said...

cialis online price of cialis 20mg - generic cialis pills

Anonymous said...

http://buytramadolonlinecool.com/#61458 tramadol overdose lethal - buy tramadol hydrochloride online

Anonymous said...

order tramadol online tramadol for dogs an 627 - tramadol for dogs long term use

Anonymous said...

learn how to buy tramdadol buy tramadol online usa - tramadol hcl for toothache

Anonymous said...

buy tramadol tramadol for dogs in pain - tramadol 50mg what is it for

Anonymous said...

buy tramadol tramadol 50 mg order online - tramadol hcl 50 mg side effects

Anonymous said...

http://landvoicelearning.com/#51438 tramadol withdrawal constipation - 100mg tramadol too much

Anonymous said...

learn how to buy tramdadol buy tramadol no prescription 100 mg - tramadol for dogs take with food

Anonymous said...

learn how to buy tramdadol tramadol for dogs with cancer - tramadol hcl headache

Anonymous said...

buy tramadol online order tramadol online - tramadol hcl 93

Anonymous said...

http://reidmoody.com/#37982 does generic ativan work - how many 1mg lorazepam to overdose

Anonymous said...

buy tramadol online where to buy tramadol online usa - is tramadol for dogs a narcotic

Anonymous said...

http://ranchodelastortugas.com/#82165 xanax bars u94 - generic name for xanax

Anonymous said...

http://www.achildsplace.org/banners/tramadolonline/#9687 buy tramadol free shipping - buy tramadol cheap