M&A
confidence high
sentiment positive
materiality 0.80
Ciena Q3 revenue $988M, adj. EPS $0.92; acquires Vyatta virtual routing from AT&T
CIENA CORP
- Revenue $988.1M (+1.2% YoY); GAAP EPS $1.52 includes $124.2M tax benefit; adj. EPS $0.92 vs $1.06 YoY.
- GAAP operating margin 15.0% (down from 19.3%); adj. operating margin 19.1% (down from 22.4%).
- Ciena to acquire Vyatta virtual routing/switching from AT&T; expected close by end of calendar year; terms undisclosed.
- Ciena to support Vyatta in AT&T's 5G wireless network; engineering team to be integrated into Ciena R&D.
- Cash and investments $1.5B; repurchased $26M in shares during quarter.