Ciena Sees Q1 Revenue Below View; Expects Higher FY16 Revenues

(RTTNews) - Ciena Corp. (CIEN) said that it expects revenue for fiscal first quarter 2016 to be in the range of $555 million to $590 million. Analysts polled by Thomson Reuters expect the company to report revenues of $636.61 million for the first-quarter. Analysts' estimates typically exclude special items.

It also expects adjusted operating expense of about $220 million and Adjusted gross margin of about 44 percent for the first quarter of 2016.

Looking ahead for fiscal year 2016, the company said it anticipates revenue growth to be in the range of 8 to 9 percent, adjusted gross margin in the mid-40s percent range, adjusted operating expense of approximately $225 million per quarter, adjusted operating margin in the range of 11 to 12 percent.