Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone 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: 71.62
Bid: 71.58
Ask: 71.62
Change: -0.66 (-0.91%)
Spread: 0.04 (0.056%)
Open: 72.12
High: 72.34
Low: 71.14
Prev. Close: 72.28
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
31 Oct 2023 07:46

Vodafone to sell Spanish business to Zegona for up to €5bn

(Sharecast News) - Vodafone said on Tuesday that it has agreed to sell its Spanish business to Zegona Communications for up to €5bn.

Read more
31 Oct 2023 07:41

LONDON BRIEFING: BP announces buyback; IG to cut 10% of staff

(Alliance News) - Stocks in London are called higher on Tuesday, as the FTSE 100 looks set to shake off weaker economic data from China.

Read more
24 Oct 2023 09:29

LONDON BROKER RATINGS: Barclays ups Rio Tinto; Liberum likes Indivior

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

Read more
23 Oct 2023 09:24

LONDON BROKER RATINGS: Jefferies raises Tullow Oil to 'hold'

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

Read more
17 Oct 2023 14:19

IN BRIEF: Vodafone Business division and e& hail customer win

Vodafone Group PLC - Newbury, Berkshire-based telecommunications provider - Says that Vodafone Business division and e& have signed a memorandum of understanding to jointly market, sell and service businesses and public sector organisations to support their digital transformations. e&, or Emirates Telecommunications Group Company PJSC, is a United Arab Emirates-based technology and investment company.

Read more
11 Oct 2023 12:11

CMA seeks feedback on Vodafone's planned merger with Three UK

(Sharecast News) - Vodafone's planned merger with Three UK came under the Competition and Markets Authority (CMA) spotlight on Wednesday, as the regulator invited feedback from third parties over the impact it could have on the competitive landscape.

Read more
11 Oct 2023 10:30

TOP NEWS: CMA probes UK business merger of Vodafone and Hutchison

(Alliance News) - The Competition & Markets Authority on Wednesday said it is considering whether the planned merger the UK businesses of Vodafone Group PLC and CK Hutchison Group Telecom Holdings Ltd would weaken competition.

Read more
11 Oct 2023 09:17

LONDON BROKER RATINGS: JPMorgan raises Croda; Berenberg cuts Atalaya

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

Read more
9 Oct 2023 16:56

LONDON MARKET CLOSE: Stocks suffer amid Israel conflict

(Alliance News) - Oil majors and defence contractor BAE Systems helped shield the FTSE 100 from a deeper decline on Monday, as global equities struggled as events in Israel meant it was a risk-off start to the new week.

Read more
5 Oct 2023 09:08

LONDON BROKER RATINGS: Panmure likes abrdn; Kepler cuts Britvic

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

Read more
5 Oct 2023 07:41

LONDON BRIEFING: Unite CEO steps down; Imperial Brands begins buyback

(Alliance News) - The FTSE 100 is expected to open in the green on Thursday, with equity markets feeling more cheerful after softer US jobs data eased fears over interest rates.

Read more
27 Sep 2023 13:10

EARNINGS: Safestyle suffers amid "difficult" trading conditions

(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
22 Sep 2023 14:16

Zegona confirms it is in talks to buy Vodafone's Spanish operations

(Alliance News) - Zegona Communications PLC on Friday said it was in discussions with Vodafone Group PLC to acquire its Spanish operations, confirming prior media reports.

Read more
6 Sep 2023 09:00

Saudi Arabia's STC Group to become Telefonica top shareholder with 9.9% stake

LONDON/DUBAI, Sept 5 (Reuters) - Saudi Arabia's STC Group has amassed a 9.9% stake in Telefonica worth 2.1 billion euros ($2.25 billion), in a move to become the Spanish telecom giant's top shareholder.

Read more
5 Sep 2023 08:00

Vodafone teams up with Amazon's Project Kuiper to extend 5G reach

LONDON, Sept 5 (Reuters) - Vodafone plans to work with Amazon's low Earth orbit satellite constellation Project Kuiper to extend the reach of its 4G and 5G telecoms networks in Europe and Africa.

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.