Ciena (CIEN) reported earnings on Wed 9 Dec 2015 (a/h)

** charts before earnings **

** charts after earnings **

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Ciena beats by $0.04, beats on revs; guides Q1 and FY16 revs below consensus:

• Reports Q4 (Oct) earnings of $0.42 per share, excluding non-recurring items, $0.04 better than the Capital IQ Consensus of $0.38; revenues rose 17.1% year/year to $692 mln vs the $683.53 mln Capital IQ Consensus. 
  • Gross margin 44.9% vs. ~44% guidance
• Co issues downside guidance for Q1, sees Q1 revs of $555-590 mln vs. $634.75 mln Capital IQ Consensus; adj. gross margin ~44%.
• Co issues downside guidance for FY16, sees FY16 revs +8-9% to ~$2.64-2.67 bln vs. $2.77 bln Capital IQ Consensus; adj. gross margin in mid-40% range.