Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksVodafone Share News (VOD)

Share Price Information for Vodafone (VOD)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 73.60
Bid: 81.44
Ask: 69.92
Change: -0.58 (-0.78%)
Spread: -11.52 (-14.145%)
Open: 73.88
High: 74.42
Low: 73.54
Prev. Close: 74.18
VOD Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 1-Ciena reports surprise adjusted profit, sees strong 2013

Thu, 07th Mar 2013 14:50

* Expects second-quarter revenue $465 mln-$495 mln vs est$482.8 mln

* First-quarter adjusted profit/share $0.12 vs estloss/share $0.13

* First-quarter revenue $453.1 mln vs est $449.1 mln

* Shares up 16 pct (Adds details from conference call)

March 7 (Reuters) - Network equipment maker Ciena Corp said it expected a strong 2013, helped by majorcustomer wins, after reporting a surprise adjusted profit onincreased margins and higher revenue, driving its shares up asmuch as 16 percent.

Telecom expenditure is expected to rise in 2013, after ayear of weak capital spending by telecom carriers faced with aweak global economy and stiff competition.

"We expect to begin deployment of some new internationaltransport wins and other projects that we won in 2012 in thesecond quarter," Chief Financial Officer James Moylan said on aconference call with analysts.

Significant budget flushes from operators in Europe, Chinaand Latin America buoyed the market towards the end of 2012,Infonetics Research analyst Michael Howard said last month.

Ciena, whose customers include AT&T Inc, CenturyLinkInc, Sprint Nextel Corp, Verizon CommunicationsInc and Vodafone Group Plc, expects to win morecontracts this year.

Larger rival Cisco Systems Inc said last month there were early signs of stabilization in government spending,but the picture was mixed and parts of Europe remainedchallenging.

Ciena, whose rivals include Huawei Technologies Co Ltd, Juniper Networks Inc and ZTE Corp, forecast second-quarter revenue in the range of$465 million to $495 million.

Analysts on average were expecting revenue of $482.8million, according to Thomson Reuters I/B/E/S.

Net loss narrowed to $47.3 million, or 47 cents per share,in the first quarter from $47.7 million, or 49 cents per share,a year earlier.

The company reported a profit of 12 cents per share,excluding items, for the quarter ended Jan. 31.

Revenue rose 9 percent to $453.1 million.

Analysts had expected a loss of 13 cents per share onrevenue of $448.3 million.

Ciena recorded an adjusted operating margin of 5.6 percent,compared with a negative 0.2 percent a year earlier.

The company said it started seeing the impact of operatingefficiencies, including cost reductions and direct orderfulfillment.

Ciena shares were up 15.5 percent at $17.25 on the Nasdaq onThursday morning after touching a six-month high of $17.38. (Reporting By Aditya Kondalamahanty and Sruthi Ramakrishnan inBangalore; Editing by Joyjeet Das)

More News
7 Dec 2023 15:03

London close: Stocks weaker as investors look to central banks

(Sharecast News) - London markets closed lower on Thursday as investors reacted to lacklustre Chinese trade data and the latest UK house price figures.

Read more
7 Dec 2023 12:06

LONDON MARKET MIDDAY: Stocks muted amid pre-US jobs data nerves

(Alliance News) - London's FTSE 100 was slightly lower early on Thursday afternoon, with the mood in global markets cautious as investors eagerly anticipate Friday's US jobs data.

Read more
7 Dec 2023 10:16

LONDON BROKER RATINGS: JPMorgan lowers IAG; Exane BNP cuts Vodafone

(Alliance News) - The following London-listed shares received analyst recommendations Thursday and Wednesday:

Read more
29 Nov 2023 12:02

LONDON MARKET MIDDAY: FTSE 100 underperforms ahead of US data

(Alliance News) - European equities were largely higher heading into Wednesday afternoon's US gross domestic product reading, though London's FTSE 100 underperformed as China-exposed shares and international earners declined.

Read more
24 Nov 2023 15:03

London close: Stocks mixed on quiet Friday

(Sharecast News) - Market performance showed a mixed trend in London today, with movements relatively subdued after the Thanksgiving holiday across the pond.

Read more
24 Nov 2023 14:48

Fastweb exploring deal for Vodafone's Italian operations - report

(Sharecast News) - Italian telecom operator Fastweb is reportedly exploring a potential deal for Vodafone's local operations.

Read more
23 Nov 2023 16:09

London close: Stocks make small gains on quiet Thursday

(Sharecast News) - London's stock markets saw a positive turnaround by the end of the day on Thursday despite subdued trading activity due to the Thanksgiving holiday in the United States.

Read more
23 Nov 2023 13:10

Vodafone introduces new energy saving 5G technology in Germany

(Alliance News) - Vodafone Group PLC will introduce a new technology for 5G mobile coverage in rural areas in Germany using up to 40% less power.

Read more
21 Nov 2023 09:54

LONDON BROKER RATINGS: Deutsche says 'buy' B&M and Marks & Spencer

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

Read more
16 Nov 2023 15:53

UK dividends calendar - next 7 days

Friday 17 November 
Hays PLCdividend payment date
Hays PLCspecial dividend payment date
Howden Joinery Group PLCdividend payment date
International Public Partnerships Ltddividend payment date
JPMorgan Japan Small Cap Growth & Income PLCdividend payment date
Kingfisher PLCdividend payment date
Morgan Advanced Materials PLCdividend payment date
Murray International Trust PLCdividend payment date
Old Mutual Ltddividend payment date
Schroder European Real Estate Investment Trust PLCdividend payment date
Taylor Wimpey PLCdividend payment date
Tritax Big Box REIT PLCdividend payment date
Monday 20 November 
Dunelm Group PLCdividend payment date
Tuesday 21 November 
no events scheduled 
Wednesday 22 November 
CRH PLCdividend payment date
Henderson Eurotrust PLCdividend payment date
Thursday 23 November 
abrdn Asia Focus PLCex-dividend payment date
abrdn Asia Focus PLCspecial ex-dividend payment date
Atrato Onsite Energy PLCex-dividend payment date
Babcock International Group PLCex-dividend payment date
Blackrock Sustainable American Income Trust PLCex-dividend payment date
Blackrock World Mining Trust PLCex-dividend payment date
British Land Co PLCex-dividend payment date
Castings PLCex-dividend payment date
Craneware PLCex-dividend payment date
DCC PLCex-dividend payment date
FRP Advisory Group PLCex-dividend payment date
Great Portland Estates PLCex-dividend payment date
HICL Infrastructure PLCex-dividend payment date
Invesco Asia Trust PLCdividend payment date
JPMorgan Asia Growth & Income PLCdividend payment date
Kainos Group PLCex-dividend payment date
Land Securities Group PLCex-dividend payment date
Liontrust Asset Management PLCex-dividend payment date
Lok'n Store Group PLCdividend payment date
ME Group International PLCdividend payment date
National Grid PLCex-dividend payment date
Palace Capital PLCex-dividend payment date
RS Group PLCex-dividend payment date
Scottish Mortgage Investment Trust PLCex-dividend payment date
Serica Energy PLCdividend payment date
Tate & Lyle PLCex-dividend payment date
Tatton Asset Management PLCex-dividend payment date
Urban Logistics REIT PLCex-dividend payment date
Vodafone Group PLCex-dividend payment date
Volution Group PLCex-dividend payment date
Witan Investment Trust PLCex-dividend payment date
Young & Co's Brewery PLCex-dividend payment date
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
16 Nov 2023 04:30

TRADING UPDATES: Zephyr Energy sales fall in third quarter

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Read more
15 Nov 2023 09:41

LONDON BROKER RATINGS: Deutsche likes Compass; Numis cuts Elementis

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Read more
14 Nov 2023 17:04

LONDON MARKET CLOSE: FTSE 100 underwhelms as stocks jump after US CPI

(Alliance News) - European equities jumped in the wake of a cooler-than-expected US inflation reading, which took some sting out of a recent hawkish reassessment of the Federal Reserve interest rate outlook.

Read more
14 Nov 2023 16:18

London close: Stocks turn higher on cooler US inflation report

(Sharecast News) - London's stock markets had managed to turn positive by the close on Tuesday after a lower-than-expected inflation report from the United States boosted confidence while investors also mulled the latest UK jobs data.

Read more
14 Nov 2023 12:00

LONDON MARKET MIDDAY: FTSE 100 underperforms before US inflation

(Alliance News) - London's FTSE 100 went into Tuesday afternoon in the red, hurt by a stronger pound, though European peers were in better shape ahead of a key US inflation reading.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.