Ciena misses revenue, beats earnings in third quarter 2015
Optical systems and software-defined networking (SDN) technology vendor Ciena Corp. (NYSE: CIEN) reported mixed results for its fiscal third quarter ended July 31, 2015. The company said it saw revenues of $602.9 million and non-GAAP net income of $50.7 million ($0.37 per diluted common share). The revenue figure missed the company's guidance of $610 million to $640 million and fell short of Wall Street's expectations by approximately $27 million. However, the earnings figure beat consensus estimates by $0.03.