Ciena (Nasdaq: CIEN) reported earnings on June 6. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended April 30 (Q2), Ciena beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue increased. Non-GAAP earnings per share dropped. GAAP loss per share contracted.

Margins grew across the board.

Revenue details
 Ciena logged revenue of $507.7 million. The 20 analysts polled by S&P Capital IQ foresaw sales of $483.9 million on the same basis. GAAP reported sales were 6.3% higher than the prior-year quarter's $477.6 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 $0.02. The 22 earnings estimates compiled by S&P Capital IQ predicted -$0.01 per share. Non-GAAP EPS of $0.02 for Q2 were 50% lower than the prior-year quarter's $0.04 per share. GAAP EPS were -$0.27 for Q2 against -$0.28 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 41.3%, 300 basis points better than the prior-year quarter. Operating margin was -1.8%, 30 basis points better than the prior-year quarter. Net margin was -5.3%, 50 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $531.2 million. On the bottom line, the average EPS estimate is $0.15.

Next year's average estimate for revenue is $2.04 billion. The average EPS estimate is $0.51.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 477 members out of 554 rating the stock outperform, and 77 members rating it underperform. Among 120 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 100 give Ciena a green thumbs-up, and 20 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 $19.15.

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