CIENA (Nasdaq: CIEN) reported earnings on Aug. 30. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended July 31 (Q3), CIENA met expectations on revenues and missed expectations on earnings per share.

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

Gross margins dropped, operating margins dropped, net margins increased.

Revenue details
CIENA reported revenue of $474.1 million. The 21 analysts polled by S&P Capital IQ looked for revenue of $474.2 million on the same basis. GAAP reported sales were 8.9% higher than the prior-year quarter's $435.3 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 -$0.04. The 22 earnings estimates compiled by S&P Capital IQ anticipated -$0.02 per share. GAAP EPS were -$0.30 for Q3 against -$0.33 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 38.2%, 470 basis points worse than the prior-year quarter. Operating margin was -2.7%, 40 basis points worse than the prior-year quarter. Net margin was -6.3%, 90 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $468.9 million. On the bottom line, the average EPS estimate is -$0.05.

Next year's average estimate for revenue is $1.84 billion. The average EPS estimate is -$0.22.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 470 members out of 550 rating the stock outperform, and 80 members rating it underperform. Among 117 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 94 give CIENA a green thumbs-up, and 23 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on CIENA is outperform, with an average price target of $17.49.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.