Ciena Q1 Loss Widens; Issues Q2 Revenue Outlook - Quick Facts

(RTTNews) - Network specialist Ciena Corp. (CIEN) reported Thursday that its first-quarter net loss widened to $18.8 million, or $0.17 per share, from $15.9 million, or $0.15 per share in the comparable quarter last year.

On an adjusted basis, net income for the latest first quarter declined to $13.6 million, or $0.12 per share from $13.7 million or $0.13 per share in the prior-year period. On average, 20 analysts polled by Thomson Reuters expected the company to report earnings of $0.03 per share for the quarter. Analysts' estimates typically exclude special items.

Ciena reported revenue of $529.16 million for the latest first quarter, compared to $533.70 million a year ago. Wall Street expected revenues of $558.78 million for the quarter.

Going ahead, Ciena expects fiscal second quarter 2015 revenue to be in the range of $585 million to $615 million, while Wall Street expect revenues of $597.17 million for the second quarter.