Ciena Q4 revenue rises 10% on strong packet-optical transport sales

Buoyed by strong growth in the packet-optical transport segment, Ciena (Nasdaq: CIEN) reported that Q4 2011 revenue was up 10 percent to $455.5 million.

During fiscal year 2011, the vendor reported $1.7 billion in revenue, up from $1.2 billion in fiscal year 2010, including the operations of the MEN business it acquired from Nortel in 2010.

The clear star performers in its portfolio were packet-optical transport and packet-optical switching, which rose to $296.2 million and $41.2 million, respectively. However, carrier Ethernet solutions declined from $40.5 to $28.8 million in the quarter.   

However, Q3 revenue of $435.3 million fell below analysts $443.9 million forecast for the quarter.

Looking to 2012, the vendor has forecast revenue of $435-$455 million and gross margins in the low 40 percent range. Analysts polled by Thomson Reuters I/B/E/S expected Q1 revenue of $454.3 million.

For more:
- see the release
- Reuters has this article

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Ciena's Q3 profit misses estimates, but cost cutting drives up margins
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