Ciena (CIEN) reported earnings Thur 2 June 2016 (b/o)

** charts before earnings **

** charts after earnings **

 

Ciena beats by $0.07, beats on revs; guides Q3 revs in-line :

• Reports Q2 (Apr) earnings of $0.34 per share, excluding non-recurring items,$0.07 better than the Capital IQ Consensus of $0.27; revenues rose 3.1% year/year to $640.7 mln vs the $630.76 mln Capital IQ Consensus and $615-645 mn guidance.
  • Adj. gross margin 45.1% vs. mid-40s % guidance.
• Co issues in-line guidance for Q3, sees Q3 revs of $655-685 mln vs. $667.86 mln Capital IQ Consensus; mid 40s % gross margin.