This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Sycamore Networks, Inc. Reports Third Quarter Fiscal Year 2012 Financial Results

Sycamore Networks, Inc. (NASDAQ: SCMR), today reported its results for the third quarter ended April 28, 2012. Revenue for the third quarter of fiscal 2012 was $11.9 million, compared with $11.9 million for the third quarter of fiscal 2011.

Net loss for the third quarter of fiscal 2012, on a generally accepted accounting principles (“GAAP”) basis, was $5.1 million, or $0.18 per share, compared with a GAAP net loss of $4.1 million, or $0.14 per share for the third quarter of fiscal 2011. Net loss for the first nine months of fiscal 2012, on a GAAP basis, was $10.4 million or $0.36 per share, compared with a GAAP net loss of $14.2 million or $0.50 per share for the first nine months of fiscal 2011.

Non-GAAP net loss for the third quarter of fiscal 2012 was $4.1 million, or $0.14 per share, compared with a non-GAAP net loss of $3.4 million, or $0.12 per share for the third quarter of fiscal 2011. Non-GAAP net loss for the first nine months of fiscal 2012 was $7.8 million, or $0.27 per share, compared with non-GAAP net loss of $12.2 million, or $0.43 per share for the first nine months of fiscal 2011. The reconciliation between net loss on a GAAP basis and net loss on a non-GAAP basis is provided in a table immediately following the Unaudited Condensed Consolidated Statements of Operations included with this release.

“Our intelligent bandwidth management products continue to provide a positive contribution to our overall business, as we maintain strong relationships with our customers in delivering excellence in customer support,” said Daniel E. Smith, president and chief executive officer. “We continue to work closely with our trial prospects in validating the value proposition of our IQstream® mobile broadband optimization solution, which is designed to deliver bandwidth savings in the Radio Access Network and improve the end-user experience.”

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
SYM TRADE IT LAST %CHG
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%

Markets

Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs