Ciena 2013 Q3 disappoints
Ciena announced their 2013 Q4 results today. Although revenues were very strong at $583.4 million, above even the high-end of their guidance of $515 to $545 million, adjusted earnings per share (EPS) were only $0.16 compared with expected $0.24. GAAP gross margin also slipped sequentially from 42.4% in the previous quarter to 39.7% in 4Q13. […]