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   Technology StocksCiena (CIEN)


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To: JakeStraw who wrote (12577)9/4/2014 7:47:32 AM
From: FUBHO
   of 12623
 
CIEN down 12% pre-market on results. Beat their numbers. Market must not like the revenue forecast of $570-$610. The mid-point would mean lower revenues for the 4th quarter which is historically the strongest.
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Ciena Reports Fiscal Third Quarter 2014 Financial Results

Achieves 12% year-over-year revenue growth and 10% adjusted operating margin

Delivers continued earnings growth with adjusted EPS of $0.32

finance.yahoo.com

Business Outlook for Fiscal Fourth Quarter 2014

Statements relating to business outlook are forward-looking in nature and actual results may differ materially. These statements should be read in the context of the Notes to Investors below.

Ciena expects fiscal fourth quarter 2014 to be impacted by several significant variables that contribute to a broader range of potential outcomes for both revenue and gross margin than typically expected. Accordingly, Ciena expects fiscal fourth quarter 2014 financial performance to include:

  • Revenue in the range of $570 to $610 million
  • Adjusted (non-GAAP) gross margin in the high 30s to low 40s percent range
  • Adjusted (non-GAAP) operating expense to be approximately $210 million

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From: FUBHO12/11/2014 8:08:17 AM
   of 12623
 
HANOVER, Md.--(BUSINESS WIRE)--

Ciena® Corporation ( CIEN), the network specialist, today announced unaudited financial results for its fiscal fourth quarter and year ended October 31, 2014.

For the fiscal fourth quarter 2014, Ciena reported revenue of $591.0 million as compared to $583.4 million for the fiscal fourth quarter 2013. For fiscal year 2014, Ciena reported revenue of $2.3 billion, as compared to $2.1 billion for fiscal year 2013.

On the basis of generally accepted accounting principles (GAAP), Ciena's net loss for the fiscal fourth quarter 2014 was $(30.7) million, or $(0.29) per diluted common share, which compares to a GAAP net loss of $(9.8) million, or $(0.09) per diluted common share, for the fiscal fourth quarter 2013. For fiscal year 2014, Ciena had a GAAP net loss of $(40.6) million, or $(0.38) per diluted common share, which compares to a GAAP net loss of $(85.4) million or $(0.83) per diluted common share for fiscal year 2013.

Ciena's adjusted (non-GAAP) net loss for the fiscal fourth quarter 2014 was $(8.2) million, or $(0.08) per diluted common share, which compares to an adjusted (non-GAAP) net income of $18.3 million, or $0.16 per diluted common share, for the fiscal fourth quarter 2013. For fiscal year 2014, Ciena's adjusted (non-GAAP) net income was $65.8 million, or $0.59 per diluted common share, as compared to an adjusted (non-GAAP) net income of $59.0 million, or $0.54 per diluted common share for fiscal year 2013.

“We delivered strong revenue growth and improved profitability in fiscal 2014 as we benefited from a more diversified customer base and the strong alignment of our solutions with the increasing on-demand needs of our customers,” said Gary B. Smith, president and CEO of Ciena. “As we continue to expand Ciena’s role and reach, we are well positioned to drive continued growth and increased profitability in 2015.”

Fiscal Fourth Quarter 2014 Performance Summary

The tables below (in millions, except percentage data) provide comparisons of certain quarterly results to prior periods, including sequential quarterly and year over year changes. A reconciliation between the GAAP and adjusted (non-GAAP) measures contained in this release is included in Appendices A and B.

GAAP Results (unaudited)
Q4 Q3 Q4 Period Change
FY 2014FY 2014FY 2013Q-T-Q* Y-T-Y*
Revenue$591.0$603.6$583.4(2.1)%1.3%
Gross margin37.4%43.7%39.7%(6.3)%(2.3)%
Operating expense$222.7$227.0$232.1(1.9)%(4.1)%
Operating margin(0.3)%6.1%(0.1)%(6.4)%(0.2)%
Non-GAAP Results (unaudited)
Q4 Q3 Q4 Period Change
FY 2014FY 2014FY 2013Q-T-Q* Y-T-Y*
Revenue$591.0$603.6$583.4(2.1)%1.3%
Adj. gross margin37.9%44.3%40.8%(6.4)%(2.9)%
Adj. operating expense$203.7$206.3$210.5(1.3)%(3.2)%
Adj. operating margin3.4%10.1%4.7%(6.7)%(1.3)%
Revenue by Segment (unaudited)
Q4 FY 2014 Q3 FY 2014 Q4 FY 2013
Revenue %Revenue %Revenue %
Converged Packet Optical$383.364.9$382.063.3$350.960.2
Packet Networking56.49.569.511.561.210.5
Optical Transport26.54.531.05.152.69.0
Software and Services 124.821.1 121.120.1 118.720.3
Total$591.0100.0$603.6100.0$583.4100.0
* Denotes % change, or in the case of margin, absolute change
Additional Performance Metrics for Fiscal Fourth Quarter 2014

Non-U.S. customers contributed 47.8% of total revenueOne 10%-plus customer represented a total of 12.2% of revenueCash and investments totaled $777.0 millionCash flow from operations totaled $73.8 millionAverage days' sales outstanding (DSOs) were 79Accounts receivable balance was $519.0 millionInventories totaled $254.7 million, including:Raw materials: $64.8 millionWork in process: $8.4 millionFinished goods: $165.8 millionDeferred cost of sales: $75.8 millionReserve for excess and obsolescence: $(60.1) millionProduct inventory turns were 4.8Headcount totaled 5,161Business Outlook for Fiscal First Quarter 2015

Statements relating to business outlook are forward-looking in nature and actual results may differ materially. These statements should be read in the context of the Notes to Investors below.

Ciena expects financial performance for fiscal first quarter 2015 to include:

Revenue in the range of $540 to $570 millionAdjusted (non-GAAP) gross margin percentage in the low 40s rangeAdjusted (non-GAAP) operating expense of approximately $210 million

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    From: SI Ron (Crazy Soup Man)12/11/2014 10:49:22 AM
       of 12623
     
    Hello,

    This board needs a moderator. Anyone up for the job?

    Thanks
    Ron

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    To: SI Ron (Crazy Soup Man) who wrote (12580)12/11/2014 4:06:19 PM
    From: FUBHO
    1 Recommendation   of 12623
     
    Sure. It will be easy. Sign me up.

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    From: FUBHO12/11/2014 4:07:33 PM
       of 12623
     
    During 2014 our business generated $45 million in cash, excluding the proceeds from the term loan.

    seekingalpha.com

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    To: FUBHO who wrote (12581)12/11/2014 4:11:47 PM
    From: SI Ron (Crazy Soup Man)
       of 12623
     
    Done

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    From: FUBHO3/31/2015 9:46:36 PM
       of 12623
     
    "It's not an overlay per se and it's not replacing the Ciena 6500 platforms that we put out there on 30,000 some route miles and is our backbone network," said Glen Wellbrock, director of optical transport network architecture and design for Verizon, in an interview with FierceTelecom. "This will be used in many of the similar locations but it's being put in for competitive reasons and is not displacing like the next-gen metro is."

    fiercetelecom.com

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    From: FUBHO4/2/2015 4:04:25 PM
       of 12623
     
    However, while Comcast has been pushing heavily on the DOCSIS front, it's also been driving fiber deeper into its network, apparently preparing for the launch of the Gigabit Pro FTTH service. According to this morning's press release, Comcast has already built out more than 145,000 route miles of fiber.

    lightreading.com

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    To: FUBHO who wrote (12585)4/2/2015 4:06:20 PM
    From: FUBHO
       of 12623
     
    Here's a taste of the topics that were being discussed at the event:

    OFC: Huawei Eyes Transport SDN Deals
    OFC Snapshot: Emcore
    Facebook Wants to See Optical Sector M&A
    Cisco Scores 'Shocking' 100G Metro Deal at Verizon
    Data Center Interconnect to Star at OFC 2015
    Infinera Asks: Hungry for a Slice of Photonics?
    OFC: Calient Unveils Interconnect Orchestration Software
    OFC: PMC Sierra Unveils OTN Fronthaul Solution
    OFC: MACOM & Kaiam Demo 400G
    Sedona Boasts Multilayer Network Orchestrator
    VeEX Adds Optical Testing to Its RXT Platform
    OFC: JDSU Shows ROADM Blade, Transceivers

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    To: FUBHO who wrote (12586)5/4/2015 1:00:05 PM
    From: Bill
       of 12623
     
    Ciena agrees to acquire Cyan.

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