Ciena reports wider loss, offers downbeat projections

08/30/2012 | Bloomberg · Light Reading

Ciena cited the European economic crisis and the Olympics as major factors in reporting a larger loss than analysts had expected in the third quarter and the telecom gear maker offered little solace for the immediate future. The vendor did meet its revenue estimates for the quarter but said current sales will fall about 5% to 11% below its earlier forecasts.

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Bloomberg · Light Reading

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