Ciena Turns To Profit In Q2; Revenue Up 11% - Quick Facts

(RTTNews) - Ciena Corp. (CIEN), the network specialist, reported second quarter net income of $20.7 million, or $0.17 per share, compared to a net loss of $10.2 million, or $0.10 per share, prior year. Ciena's adjusted net income for the fiscal second quarter 2015 was $47.3 million, or $0.35 per share.

On average, 20 analysts polled by Thomson Reuters expected the company to report profit per share of $0.24 for the quarter. Analysts' estimates typically exclude special items.

Ciena reported revenue of $621.6 million compared to $560.1 million, a year ago. Analysts expected revenue of $606.53 million for the quarter. Ciena expects third quarter revenue in the range of $610 to $640 million. Analysts expect the company to report third-quarter revenue of $632.18 million.