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ciena corp (CIEN) Key Developments

Ciena Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended October 31, 2014; Provides Earnings Guidance for the First Quarter of 2015

Ciena Corporation reported unaudited consolidated earnings results for the fourth quarter and year ended October 31, 2014. For the quarter, the company reported total revenue of $590,963,000 compared to $583,385,000 a year ago. Loss from operations was $1,815,000 compared to $417,000 a year ago. Loss before income taxes was $26,405,000 compared to $11,087,000 a year ago. Net loss was $30,703,000 or $0.29 per basic and diluted share compared to $9,797,000 or $0.09 per basic and diluted share a year ago. Adjusted (non-GAAP) net loss was $8,174,000 or $0.08 per diluted share compared to adjusted (non-GAAP) net income of $18,256,000 or $0.16 per diluted share a year ago. Adjusted operating profit of $20 million and adjusted operating margin was 3.4%. For the year, the company reported total revenue of $2,288,289,000 compared to $2,082,546,000 a year ago. Income from operations was $45,704,000 compared to loss from operations of $1,775,000 a year ago. Loss before income taxes was $26,673,000 compared to $80,191,000 a year ago. Net loss was $40,637,000 or $0.38 per basic and diluted share compared to $85,431,000 or $0.83 per basic and diluted share a year ago. Net cash provided by operating activities was $89,816,000 compared to $44,678,000 a year ago. Payments for equipment, furniture, fixtures and intellectual property were $48,216,000 compared to $43,814,000 a year ago. Adjusted (non-GAAP) net income was $65,831,000 or $0.59 per diluted share compared to $58,976,000 or $0.54 per diluted share a year ago. Adjusted operating profit for the year was $148 million, an increase of 28% over 2013. The company expects financial performance for fiscal first quarter 2015 to include: revenue in the range of $540 million to $570 million, adjusted (non-GAAP) gross margin percentage in the low 40s range. The company expects to further increase profitability, and expect to achieve an adjusted operating margin in the range of 8% to 9% for fiscal 2015. The company expects fiscal 2015 to show continued growth in revenue and increased profitability over 2014.

Ciena Corporation - Special Call

To discuss the company's new software and Agility division

Ciena Transforms Managed Service Provider Offerings with Virtual Services Software Platform; Establishes New Business Division Ciena Agility; Names Kevin Sheehan as Vice President and General Manager for Ciena Agility

Ciena is introducing a software solution that establishes an entirely new business model for Managed Services Providers (MSPs). Ciena's innovative approach enables providers to adopt a more agile and profitable strategy for adding and expanding network services and appliance functionality with a simple web interface and a consumption-based billing model. Linking the managed services model with the key trend of virtualization, Ciena's new virtual services software platform, Agility Matrix, modernizes the acquisition, distribution, consumption and payment of virtualized network functions (VNF) and allows enterprises to drastically improve performance of all enterprise and cloud-based applications and better manage distributed networks. Included in Ciena's new Agility Matrix software are VNF Market, an open, online marketplace for a variety of third-party VNFs, and Director, a management and orchestration engine. Using a virtual network interface similar to an online shopping experience, where users can drag and drop items into their carts, new network services such as encryption, firewalls, and VPNs can be delivered as managed services in a matter of minutes versus days or weeks. Ciena is building out its VNF Market, currently working with several virtual appliance vendors, including BlackRidge Technology, Brocade, Certes Networks, Silver Peak and Spirent Communications. Ciena also announced that it established a new business division, Ciena Agility, to power service velocity, innovation and business value across the wide area network (WAN). This division includes dedicated resources for software development, product line management, product marketing, service and support, sales and business development, and has full accountability for delivering network control and application software technologies to help providers deliver a true on-demand user experience. Ciena Agility is led by Kevin Sheehan as vice president and general manager, and encompasses the SDN Multilayer WAN Controller and its applications, V-WAN, the Agility Matrix solution announced today, including VNF Market and Director, as well as all future SDN and NFV development. The company also announced that it established a new business division, Ciena Agility, to power service velocity, innovation and business value across the wide area network (WAN). This division includes dedicated resources for software development, product line management, product marketing, service and support, sales and business development, and has full accountability for delivering network control and application software technologies to help providers deliver a true on-demand user experience. The company announced that the new business division Ciena Agility is led by Kevin Sheehan as vice president and general manager, and encompasses the SDN Multilayer WAN Controller and its applications, V-WAN, the Agility Matrix solution, including VNF Market and Director, as well as all future SDN and NFV development.

Ciena and Avaya Teams Up to Introduce an End-To-End WAN-LAN Data Networking Solution

Ciena and Avaya are introducing an end-to-end WAN-LAN data networking solution to cost-effectively simplify network operations for enterprises while increasing control when delivering on-demand services. Combining the intelligence and simplicity of Avaya Fabric Connect technology with the programmability and scalability of Ciena's converged packet optical and packet networking platforms, the solution provides enterprises of all sizes with a flexible architecture that can be managed dynamically as their needs evolve. It delivers the flexibility to easily migrate to new service delivery models such as hybrid cloud and data center footprint consolidation, as well as simplifying the inclusion of new network locations. The solution supports government, healthcare, and large enterprise customers' growing use of real-time applications such as Unified Communications, business video, and Wi-Fi-enabled mobility.

Ciena Corporation to Report Q4, 2014 Results on Dec 11, 2014

Ciena Corporation announced that they will report Q4, 2014 results at 9:00 AM, Eastern Standard Time on Dec 11, 2014

 

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