Earning Alert - Ciena (CIEN): FQ2 EPS of $0.04 beats by $0.07. Revenue of $477.6M (+14.3% Y/Y) beats by $30M - 5/31/12

Ciena (CIEN): FQ2 EPS of $0.04 beats by $0.07. Revenue of $477.6M (+14.3% Y/Y) beats by $30M

For the fiscal second quarter 2012, Ciena reported revenue of $477.6 million.

On the basis of generally accepted accounting principles (GAAP), Ciena's net loss for the fiscal second quarter 2012 was $(27.8) million, or $(0.28) per common share, which compares to a GAAP net loss of $(62.7) million, or $(0.66) per common share, for the fiscal second quarter 2011.

Ciena's adjusted (non-GAAP) net income for the fiscal second quarter 2012 was $3.7 million, or $0.04 per common share, which compares to an adjusted (non-GAAP) net loss of $(22.4) million, or $(0.24) per common share, for the fiscal second quarter 2011.

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