Ciena (CIEN $12.60 +0.74) reported second quarter earnings of $0.04 per share, $0.07 better than the Capital IQ consensus of ($0.03), while revenues rose 14.3% year/year to $477.6 million versus the $446.7 mln consensus. Co issues in-line guidance for Q3, sees Q3 revs of $455-485 mln vs. $472.40 million consensus.
"Our second quarter was highlighted by strong revenue growth and positive overall operating performance, which demonstrated our ability to deliver operating leverage..We remain confident that we are well positioned for future growth and continue to expect our second half operating results to be stronger than the first half." Co sees Q3 Adjusted (non-GAAP) gross margin of approximately 40 percent.






