Ciena Reports Fiscal Q3 Loss of $29.8M
LINTHICUM, Md. -- Ciena® Corporation (CIEN), the network specialist, today announced unaudited financial results for its fiscal third quarter ended July 31, 2012.
For the fiscal third quarter 2012, Ciena reported revenue of $474.1 million.
On the basis of generally accepted accounting principles (GAAP), Ciena's net loss for the fiscal third quarter 2012 was $(29.8) million, or $(0.30) per common share, which compares to a GAAP net loss of $(31.5) million, or $(0.33) per common share, for the fiscal third quarter 2011.
Ciena's adjusted (non-GAAP) net loss for the fiscal third quarter 2012 was $(4.1) million, or $(0.04) per common share, which compares to an adjusted (non-GAAP) net income of $8.3 million, or $0.08 per common share, for the fiscal third quarter 2011.
“We continue to win in the market and take share as demonstrated by a solid operating performance in the third quarter,” said Gary Smith, president and CEO of Ciena. “We are experiencing the effects of ongoing macroeconomic challenges and slower than expected roll-outs of new design wins. However, our approach to the market is working, our OPn architecture vision is gaining traction with customers globally, and our view of the long-term opportunity is unchanged.”
Ciena Corp. (NYSE: CIEN)