** charts before earnings **
** charts after earnings **
Ciena beats by $0.08, beats on revs; guides Q3 revs in-line :
- Reports Q2 (Apr) earnings of $0.45 per share, excluding non-recurring items, $0.08 better than the Capital IQ Consensus of $0.37; revenues rose 10.3% year/year to $707.02 mln vs the $694.84 mln Capital IQ Consensus.
- Adj. gross margin was 45.7% vs. guidance for 'mid-40s percentage range'
- Average days' sales outstanding were 72
- Accounts receivable balance was $564.9 million
- Co issues in-line guidance for Q3, sees Q3 revs of $710-740 mln vs. $723.05 mln Capital IQ Consensus Estimate; sees adjusted (non-GAAP) gross margin in the mid-40s percentage range
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