Ciena (CIEN) reported earnings on Wed 8 March 17 (b/o)

** charts before earnings **

 

** charts after earnings **

 

Ciena misses by $0.03, misses on revs; guides Q2 revs in-line:

• Reports Q1 (Jan) earnings of $0.26 per share, $0.03 worse than the Capital IQ Consensus of $0.29; revenues rose 8.4% year/year to $621.5 mln vs the $632.29 mln Capital IQ Consensus and $615-645 mln guidance. Networking rev +9%; North American rev +3%, Asia Pac rev +59%.
  • Adj. gross margin 44.9% vs. mid-40% guidance
• Co issues in-line guidance for Q2, sees Q2 revs of $680-710 mln vs. $690.72 mln Capital IQ Consensus; gross margin mid-40s%. 
• "Our strategic investments and differentiated portfolio are providing us strong momentum in the market, and as a result we believe that we are well-positioned to deliver on our fiscal 2017 financial targets."