Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Elmer Flugum who wrote (5814)	12/10/1998 6:31:00 PM
From: john dodson	Read Replies (1) \| Respond to of 12623

Summary of earnings report: biz.yahoo.com More negatives than positives! Unless the CEO can pull a rabbit out of his hat at the CC, my guess is we trade down below $15 with this market the way it is. +'s: + Excluding the costs related to the failed merger with Tellabs, Ciena's fourth quarter loss was $3.6 million or 3 cents a share (vs. consensus estimates of 4 cents a share loss). + Continued to diversify its customer base, with a record 14 customers during the quarter. Ciena relied on only two or three customers last year. + Said demand for bandwidth or strong network capacity remains robust + On track to resume modest sequential revenue growth in the first fiscal quarter -'s: - 30 percent drop in revenues - Continued investments in marketing and product development may cause additional near-term losses. - Posted a fourth quarter loss of $3.9 million or 4 cents a share, compared with a profit of 37.9 million or 38 cents a share a year ago. - Revenue for the fourth quarter fell to $91.2 million from $130.1 million a year ago - Fourth quarter gross profit margins were hurt by intense pricing pressure throughout the industry, as well as by underused manufacturing capacity. - Was cautious about its prospects for the future. - We continue to encourage conservative expectations - Investment in selling, marketing and customer service, as well as in ongoing product development, will likely limit its operating profitability during at least the first half of fiscal 1999 and may result in near-term operating losses.