Ciena's fiscal Q3 packet optical revenues rise to $302M
Ciena's (Nasdaq: CIEN) converged packet optical systems segment was a key factor in its fiscal year Q3 2013 earnings mix, rising to $302 million.
During the quarter, the service provider continued to highlight key deployments of its 6500 platform with major customers such as Sprint (NYSE: S) and Verizon (NYSE: VZ). Sprint, which is upgrading its optical network backbone with Ciena's 6500 platform, recently launched its 10, 40 and 100G Ethernet wavelength services, while Verizon conducted a 200 Gbps trial with the vendor between New York and Boston.
Second to the packet optical systems segment, software and systems was $108.6 million. It also saw gains in packet networking and optical transport, which climbed to $61.6 million and $66.2 million, respectively.
From a geographic standpoint, non-U.S. customers accounted for 37 percent of Ciena's total revenue, while two customers accounted for over 10 percent of revenue and represented 31.8 percent of total revenue.
Overall FY Q3 2013 revenue was $538.4 million. The company reported that its net loss for the fiscal third quarter 2013 was $1.2 million, or 1 cent per common share, which compares to a GAAP net loss of $29.8 million, or 30 cents per common share, for the fiscal third quarter 2012.
Looking forward, Ciena has forecast fiscal fourth quarter 2013 revenues to be between the range of $550 to $580 million.
Shares of Ciena were listed at $23, up $ 2.32, or 11.20 percent, in Wednesday morning trading on the stock exchange.
- see the earnings release
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