Ciena Dips as Losses Widen
The news sent the firm's share price down by 9 cents, nearly 5 percent, to $1.85 in pre-market trading.
The revenues were in line with the vendor's revised forecast given at the beginning of August, but that was way off its original forecast of around $97 million (see Ciena Warns of Revenue Miss). That revised forecast led to renewed criticism of the company's management, which is still adamant that it has adopted the most suitable strategy (see Ciena's Ugly Day).
— Ray Le Maistre, International News Editor, Light Reading