Cyan Inc., Software Defined Networking and Network Function Message Board

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Technology Stocks : Cyan Inc., Software Defined Networking and Network Function

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From: FJB	1/7/2015 9:17:01 AM
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Cyan Raises Revenue Range for Fourth Quarter 2014 and Schedules Financial Results Conference Call PETALUMA, Calif.--(BUSINESS WIRE)-- Cyan ( CYNI), a leading provider of SDN, NFV, and packet-optical solutions for network operators, today raised its revenue range for the fourth quarter ended December 31, 2014. Based on preliminary results, fourth quarter 2014 revenue is expected to be between $30 million and $31 million, exceeding the company’s prior guidance of $24 million to $26 million. “Fourth quarter revenue outpaced our initial expectations due to strong demand for our Z-Series packet-optical hardware for both metro and regional 100G and packet applications,” said Mark Floyd, Cyan’s chairman and chief executive officer. “We continue to believe that in the first half of 2015 we will convert some of our SDN and NFV trials into wins. Between the growing traction for our Z-Series hardware and the accelerating commercial interest we are seeing for our SDN and NFV software, we are excited about our role as the supplier of choice for critical network transformation technology. We look forward to sharing more details when we announce our full fourth quarter and 2014 results.” Conference Call Cyan expects to report its complete financial results for fourth quarter 2014 and fiscal year ended December 31, 2014 after the U.S. markets close on Wednesday, February 18, 2015. Company management will host a conference call to discuss the results that day at 2:00 p.m. Pacific time.

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