Wednesday, January 7, 2015

Cyan Raises Q4 Revenue Range

Cyan released new financial guidance, saying it now expects fourth quarter 2014 revenue to be between $30 million and $31 million, exceeding the company’s prior guidance of $24 million to $26 million.

“Fourth quarter revenue outpaced our initial expectations due to strong demand for our Z-Series packet-optical hardware for both metro and regional 100G and packet applications,” said Mark Floyd, Cyan’s chairman and chief executive officer. “We continue to believe that in the first half of 2015 we will convert some of our SDN and NFV trials into wins. Between the growing traction for our Z-Series hardware and the accelerating commercial interest we are seeing for our SDN and NFV software, we are excited about our role as the supplier of choice for critical network transformation technology. We look forward to sharing more details when we announce our full fourth quarter and 2014 results.”

http://www.cyaninc.com

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