Ciena Corp. (CIEN) reported that its second quarter 2013 net loss narrowed to $27.1 million, or $0.27 per share, from $27.8 million, or $0.28 per share in the fiscal second quarter 2012.
Ciena's adjusted net income for the second quarter declined to $2.2 million, or $0.02 per share, from $3.7 million, or $0.04 per share in the year ago quarter. Analysts polled by Thomson Reuters expected the company to report a loss of $0.01 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter rose to $507.71 million from $477.62 million in the prior year quarter. Twenty one analysts had consensus revenue estimate of $483.63 million for the quarter.
For the third-quarter, the company expects revenue to be in the range of $515 million to $545 million. The company anticipates adjusted gross margin in the low 40s percent range, and adjusted operating expense in the mid $190s million range. Twenty one analysts have consensus revenue estimate of $509.46 million for the third-quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.