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Technology Stocks : Ciena (CIEN) -- Ignore unavailable to you. Want to Upgrade?

To: JakeStraw who wrote (12577)	9/4/2014 7:47:32 AM
From: FJB	Respond to of 12623

CIEN down 12% pre-market on results. Beat their numbers. Market must not like the revenue forecast of $570-$610. The mid-point would mean lower revenues for the 4th quarter which is historically the strongest. ================================================================ Ciena Reports Fiscal Third Quarter 2014 Financial Results Achieves 12% year-over-year revenue growth and 10% adjusted operating margin Delivers continued earnings growth with adjusted EPS of $0.32 finance.yahoo.com Business Outlook for Fiscal Fourth Quarter 2014 Statements relating to business outlook are forward-looking in nature and actual results may differ materially. These statements should be read in the context of the Notes to Investors below. Ciena expects fiscal fourth quarter 2014 to be impacted by several significant variables that contribute to a broader range of potential outcomes for both revenue and gross margin than typically expected. Accordingly, Ciena expects fiscal fourth quarter 2014 financial performance to include: Revenue in the range of $570 to $610 million Adjusted (non-GAAP) gross margin in the high 30s to low 40s percent range Adjusted (non-GAAP) operating expense to be approximately $210 million