Vendor results -03/09/06

Ciena reports FY3Q06 net loss of $4.3m (vs a loss of $51m a year ago) on revenues of $152m, up 38%. Ciena will make a 1-for-7 reverse stock split in order to attract wider interest from investors. Ciena continues to see positive indicators in overall market demand for next-generation solutions.

Seachange International reported $45m in FY2Q07 revenue, up 73%, and a net income of $0.6m compared to a loss a year ago. EBITDA was $5m. For 6 months, revenues were $79m, up 36%, and net loss was $3.7m, about half loss a year ago.