WESTFORD, Mass.--(BUSINESS WIRE)--March 30, 1997--Cascade Communications Corp. (NASDAQ:CSCC), a global provider of carrier-class Frame Relay and Asynchronous Transfer Mode (ATM) switching products, which today announced a merger with Ascend Communications, Inc., announced that it expects to report revenues and earnings that are below analysts' expectations for the quarter ended March 29, 1997.
Based on current information, Cascade estimates that revenue for the first quarter of 1997 will be approximately $90 million. The Company expects that earnings per share for the first quarter, excluding a one-time charge associated with the acquisition of Sahara Networks Inc., will be in the range of $0.14 to $0.15 per share.
Cascade expects to report its actual first quarter 1997 results after the close of the financial markets on Thursday, April 10, 1997.
About Cascade Communications Corp.
Cascade Communications Corp. is at the forefront of broadband data communications with its family of scaleable, carrier-class Frame Relay, ATM, IP and access switching products. Used by public carriers and Internet service providers worldwide, Cascade products are forming the foundation of the public network infrastructure for global communications. Cascade is headquartered in Westford, Massachusetts, USA, with offices throughout the Americas Europe and Asia/Pacific. For more information about Cascade and its products please visit the Company's web site at casc.com .
Note to Investors
This press release contains certain forward-looking statements which involve a number of risks and uncertainties that could cause actual results to differ materially. The estimates contained in this release for revenues and earnings for the quarter ended March 29, 1997 are preliminary and are subject to change as financial results are finally determined.
In addition, revenue and earnings in the data networking equipment industry are subject to fluctuation and the growth rates experienced by the Company in the past do not necessarily represent future operating results. The Company's future operating results may fluctuate as a result of a number of factors including timing of orders from and shipments to customers; the timing and acceptance of new product introductions; increased competition; and changes in the broadband packet equipment market's growth rate. Investors should not use any one quarter's results as a benchmark for future growth.
For a more detailed description of the risk factors associated with the Company and the data networking industry, please refer to the Company's Form 10-K.
CONTACT:
Cascade Communications Corp.
Suzanne M. DuLong, 510/747-2121
ELECOMMUNICATIONS
BW0008 MAR 30,1997
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