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

Related articles:
Reliance Globalcom employs Ciena's 40G technology on two key Asia cable routes
Washington, D.C. to light first link in 100G network
Ciena's Q3 profit misses estimates, but cost cutting drives up margins
BT paves new 40G, 100G optical networking path

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