CIEN)). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=CIEN. Ciena reported its first quarter fiscal 2018 operating and financial results on March 07, 2018. The developer of high-speed networking technology's revenue grew 4% on a y-o-y basis. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for EXFO Inc. (NASDAQ: EXFO), which also belongs to the Technology sector as the Company Ciena. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=EXFO

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Ciena most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=CIEN

Earnings Highlights and Summary

For the fiscal first quarter ended January 31, 2018, Ciena reported revenue of $646.1 million, up 4% compared to revenue of $621.5 million for the fiscal first quarter 2017. The Company's reported numbers topped analysts' estimates of $643.2 million. In the reported quarter, two customers each accounted for greater than 10% of revenue and in aggregate represented 25% of total revenue.

Ciena's GAAP net loss was $473.4 million, or $3.29 per diluted common share, for Q1 FY18 compared to a GAAP net income of $3.9 million, or $0.03 per diluted common share, for Q1 FY17. The Company's reported quarter GAAP results included a non-cash $476.9 million charge related to the enactment of the Tax Cuts and Jobs Act.

Ciena's non-GAAP net income was $21.9 million, or $0.15 per diluted common share, for Q1 FY18 compared to non-GAAP net income of $24.6 million, or $0.17 per diluted common share, for Q1 FY17. The Company's earnings beat Wall Street's estimates of $0.12 per share.

Ciena's Segment Results

During Q1 FY18, total Networking Platforms' revenue came in at $496.0 million, and represented 76.7% of overall revenue compared to $490.0 million in Q1 FY17, reflecting 78.8% of overall revenue. The Company's Software and Software-related Services came in at $53.5 million compared to $39.3 million in the prior year's same quarter. For Q1 FY18, total Global services revenue was $96.6 million versus $92.2 million in Q1 FY17.

Cash Matters

As of January 31, 2018, Ciena's cash and investments totaled $986.8 million. For the reported quarter, the Company's cash flow from operations totaled $35.7 million and free cash flow came at $10.0 million. For Q1 FY18, Ciena's average days' sales outstanding (DSOs) were 77 and accounts receivable balance was $553.7 million. The Company's inventories totaled $255.3 million, including, raw materials of $47.7 million, work-in-process of $16.5 million, and finished goods worth $176.5 million. The Company's product inventory turns were 4.9 in the reported quarter.

Share Repurchase Program

On December 07, 2017, Ciena announced that its Board of Directors had authorized a program to repurchase up to $300 million of its common stock through the end of fiscal 2020. The Company commenced repurchases late in Q1 FY18, and through March 05, 2018, has repurchased approximately 874,000 shares of its common stock, for an aggregate purchase price of $19.5 million at an average price of $22.34 per share.

Stock Performance Snapshot

April 16, 2018 - At Monday's closing bell, Ciena's stock marginally climbed 0.35%, ending the trading session at $25.70.

Volume traded for the day: 2.21 million shares.

Stock performance in the last three-month – up 17.14%; previous six-month period – up 18.05%; past twelve-month period – up 18.65%; and year-to-date – up 22.79%

After yesterday's close, Ciena's market cap was at $3.71 billion.

Price to Earnings (P/E) ratio was at 3.89.

The stock is part of the Technology sector, categorized under the Communication Equipment industry. This sector was up 0.7% at the end of the session.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors

ReleaseID: 496288

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MarketersMEDIA / Newsroom / Free Research Report as Ciena Reported Better Than Expected Results

Free Research Report as Ciena Reported Better Than Expected Results

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Stock Monitor: EXFO Inc. Post Earnings Reporting

LONDON, UK / ACCESSWIRE / April 17, 2018 / Active-Investors.com has just released a free earnings report on Ciena Corp. (NYSE: CIEN)). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=CIEN. Ciena reported its first quarter fiscal 2018 operating and financial results on March 07, 2018. The developer of high-speed networking technology's revenue grew 4% on a y-o-y basis. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for EXFO Inc. (NASDAQ: EXFO), which also belongs to the Technology sector as the Company Ciena. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=EXFO

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Ciena most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=CIEN

Earnings Highlights and Summary

For the fiscal first quarter ended January 31, 2018, Ciena reported revenue of $646.1 million, up 4% compared to revenue of $621.5 million for the fiscal first quarter 2017. The Company's reported numbers topped analysts' estimates of $643.2 million. In the reported quarter, two customers each accounted for greater than 10% of revenue and in aggregate represented 25% of total revenue.

Ciena's GAAP net loss was $473.4 million, or $3.29 per diluted common share, for Q1 FY18 compared to a GAAP net income of $3.9 million, or $0.03 per diluted common share, for Q1 FY17. The Company's reported quarter GAAP results included a non-cash $476.9 million charge related to the enactment of the Tax Cuts and Jobs Act.

Ciena's non-GAAP net income was $21.9 million, or $0.15 per diluted common share, for Q1 FY18 compared to non-GAAP net income of $24.6 million, or $0.17 per diluted common share, for Q1 FY17. The Company's earnings beat Wall Street's estimates of $0.12 per share.

Ciena's Segment Results

During Q1 FY18, total Networking Platforms' revenue came in at $496.0 million, and represented 76.7% of overall revenue compared to $490.0 million in Q1 FY17, reflecting 78.8% of overall revenue. The Company's Software and Software-related Services came in at $53.5 million compared to $39.3 million in the prior year's same quarter. For Q1 FY18, total Global services revenue was $96.6 million versus $92.2 million in Q1 FY17.

Cash Matters

As of January 31, 2018, Ciena's cash and investments totaled $986.8 million. For the reported quarter, the Company's cash flow from operations totaled $35.7 million and free cash flow came at $10.0 million. For Q1 FY18, Ciena's average days' sales outstanding (DSOs) were 77 and accounts receivable balance was $553.7 million. The Company's inventories totaled $255.3 million, including, raw materials of $47.7 million, work-in-process of $16.5 million, and finished goods worth $176.5 million. The Company's product inventory turns were 4.9 in the reported quarter.

Share Repurchase Program

On December 07, 2017, Ciena announced that its Board of Directors had authorized a program to repurchase up to $300 million of its common stock through the end of fiscal 2020. The Company commenced repurchases late in Q1 FY18, and through March 05, 2018, has repurchased approximately 874,000 shares of its common stock, for an aggregate purchase price of $19.5 million at an average price of $22.34 per share.

Stock Performance Snapshot

April 16, 2018 - At Monday's closing bell, Ciena's stock marginally climbed 0.35%, ending the trading session at $25.70.

Volume traded for the day: 2.21 million shares.

Stock performance in the last three-month – up 17.14%; previous six-month period – up 18.05%; past twelve-month period – up 18.65%; and year-to-date – up 22.79%

After yesterday's close, Ciena's market cap was at $3.71 billion.

Price to Earnings (P/E) ratio was at 3.89.

The stock is part of the Technology sector, categorized under the Communication Equipment industry. This sector was up 0.7% at the end of the session.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors

ReleaseID: 496288

Stock Monitor: EXFO Inc. Post Earnings Reporting

LONDON, UK / ACCESSWIRE / April 17, 2018 / Active-Investors.com has just released a free earnings report on Ciena Corp. (NYSE: CIEN)). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=CIEN. Ciena reported its first quarter fiscal 2018 operating and financial results on March 07, 2018. The developer of high-speed networking technology's revenue grew 4% on a y-o-y basis. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for EXFO Inc. (NASDAQ: EXFO), which also belongs to the Technology sector as the Company Ciena. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=EXFO

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Ciena most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=CIEN

Earnings Highlights and Summary

For the fiscal first quarter ended January 31, 2018, Ciena reported revenue of $646.1 million, up 4% compared to revenue of $621.5 million for the fiscal first quarter 2017. The Company's reported numbers topped analysts' estimates of $643.2 million. In the reported quarter, two customers each accounted for greater than 10% of revenue and in aggregate represented 25% of total revenue.

Ciena's GAAP net loss was $473.4 million, or $3.29 per diluted common share, for Q1 FY18 compared to a GAAP net income of $3.9 million, or $0.03 per diluted common share, for Q1 FY17. The Company's reported quarter GAAP results included a non-cash $476.9 million charge related to the enactment of the Tax Cuts and Jobs Act.

Ciena's non-GAAP net income was $21.9 million, or $0.15 per diluted common share, for Q1 FY18 compared to non-GAAP net income of $24.6 million, or $0.17 per diluted common share, for Q1 FY17. The Company's earnings beat Wall Street's estimates of $0.12 per share.

Ciena's Segment Results

During Q1 FY18, total Networking Platforms' revenue came in at $496.0 million, and represented 76.7% of overall revenue compared to $490.0 million in Q1 FY17, reflecting 78.8% of overall revenue. The Company's Software and Software-related Services came in at $53.5 million compared to $39.3 million in the prior year's same quarter. For Q1 FY18, total Global services revenue was $96.6 million versus $92.2 million in Q1 FY17.

Cash Matters

As of January 31, 2018, Ciena's cash and investments totaled $986.8 million. For the reported quarter, the Company's cash flow from operations totaled $35.7 million and free cash flow came at $10.0 million. For Q1 FY18, Ciena's average days' sales outstanding (DSOs) were 77 and accounts receivable balance was $553.7 million. The Company's inventories totaled $255.3 million, including, raw materials of $47.7 million, work-in-process of $16.5 million, and finished goods worth $176.5 million. The Company's product inventory turns were 4.9 in the reported quarter.

Share Repurchase Program

On December 07, 2017, Ciena announced that its Board of Directors had authorized a program to repurchase up to $300 million of its common stock through the end of fiscal 2020. The Company commenced repurchases late in Q1 FY18, and through March 05, 2018, has repurchased approximately 874,000 shares of its common stock, for an aggregate purchase price of $19.5 million at an average price of $22.34 per share.

Stock Performance Snapshot

April 16, 2018 - At Monday's closing bell, Ciena's stock marginally climbed 0.35%, ending the trading session at $25.70.

Volume traded for the day: 2.21 million shares.

Stock performance in the last three-month – up 17.14%; previous six-month period – up 18.05%; past twelve-month period – up 18.65%; and year-to-date – up 22.79%

After yesterday's close, Ciena's market cap was at $3.71 billion.

Price to Earnings (P/E) ratio was at 3.89.

The stock is part of the Technology sector, categorized under the Communication Equipment industry. This sector was up 0.7% at the end of the session.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors

ReleaseID: 496288

Source URL: https://marketersmedia.com/free-research-report-as-ciena-reported-better-than-expected-results/332249

Source: AccessWire

Release ID: 332249

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