Sycamore Networks (Nasdaq: SCMR) reported earnings on May 23. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended April 28 (Q3), Sycamore Networks met expectations on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue was unchanged and GAAP loss per share expanded.

Margins dropped across the board.

Revenue details
 Sycamore Networks logged revenue of $11.9 million. The one analyst polled by S&P Capital IQ wanted to see revenue of $12.0 million on the same basis. GAAP reported sales were 0.5% higher than the prior-year quarter's $11.9 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at -$0.14. The two earnings estimates compiled by S&P Capital IQ predicted -$0.11 per share. GAAP EPS were -$0.18 for Q3 versus -$0.14 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 54.2%, 470 basis points worse than the prior-year quarter. Operating margin was -44.0%, 640 basis points worse than the prior-year quarter. Net margin was -42.7%, 780 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $12.9 million.

Next year's average estimate for revenue is $52.2 million. The average EPS estimate is -$0.20.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 118 members out of 135 rating the stock outperform, and 17 members rating it underperform. Among 31 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 28 give Sycamore Networks a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Sycamore Networks is hold, with an average price target of $37.00.

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