Ciena, which has a presence in Ottawa, said in preliminary first-quarter results that revenues will stand at $415 million, down from the $435 million to $455 million previously forecast.
Non-GAAP gross margin should be around the same as expected, in "the low 40 per cent range", while non-GAAP operating expenses will fall around the mid $170-million range, down from expectations of about $180 million.
"We are disappointed in our expected first-quarter revenue results," stated chief executive Gary Smith.
"As previously stated, we continue to experience longer customer deployment and revenue recognition cycles as a result of our greater mix of international and solutions-oriented sales.
"When combined with the impact of the seasonality of our business and the calendar timing of our first fiscal quarter, this trend had a more significant effect than previously anticipated, and resulted in revenue recognition delays on a few solutions-oriented projects with new customers, especially in international markets."
Full reesults will be announced March 7.
