Vendor results - 02/06/07

Ciena reports strong quarterly results. Profit was $13m and revenues were $194m (+47%), to be compared to respectively a loss of $2m on revenues of $131m. Gross product margin reached over 47%. Ciena became cash flow positive for the first time in four years. As a result, Ciena raised estimates for its third quarter and fiscal year. 5% revenue growth in FY3Q and 36% (+7.5 points) growth in FY revenues.