02.06.2016 - Ciena Corp. expects sales growth
Ciena Corp. published the results for the last quarter, according to which the company's profit fell by 32%. The reason for the deterioration of the results was the increase in overhead costs. Telecommunications equipment manufacturer announced 14 million dollars in revenue against 20.7 million for the same period last year. At the same time, revenues increased by 3.1% to 640.7 million. In the current quarter, revenue is expected to be 655-685 million dollars. We expect the company's shares increase by 15-20% in the medium term against the backdrop of strong growth in demand and expansion of sales geography.