Wednesday, May 31, 2006

Ciena Reports Q2 Revenue of $131.2 million, up 9% Sequentially

Ciena reported Q2 revenue of $131.2 million, representing a 8.9% sequential increase from fiscal first quarter revenue of $120.4 million, and an increase of 26.3% over the same period a year ago. Ciena's net loss (GAAP) for the fiscal second quarter 2006 was $1.9 million, or a net loss of $0.00 per share. This compares with a reported GAAP net loss of $74.8 million, or a net loss of $0.13 per share, for the same period a year ago.

"We continue to see indications that underlying demand drivers like high-speed broadband access, wireless, and video are fueling the need for capacity growth and a transition to next-generation networks," said Smith. "We believe our role as the network specialist and our practical vision for network migration, whether from TDM to Ethernet, 2G to 3G, or Internet broadband to Triple Play, positions Ciena to benefit from these market dynamics," said Gary Smith, Ciena CEO and president.

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