Monday, October 11, 2010

Ciena Reaffirms Financial Guidance

Ciena reaffirmed its financial guidance for the fiscal fourth quarter ending October 31, 2010. The company currently expects a sequential increase in its fourth quarter revenue of up to 5 percent, which, based on third quarter results, reflects a revenue range of approximately $390 million to $409 million. Ciena also expects adjusted gross margin in the low 40s percent range. http://www.ciena.com

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