Ciena Corp expected to post earnings of 15 cents a share - Earnings Preview

Ciena

04/06/2024 14:01

* Ciena Corp  CIEN.N   CIEN.K  is expected to show a fall in
quarterly revenue when it reports  results on June 6 for the
period ending April 30 2024
    * The Hanover Maryland Maryland-based  company is expected
to
report a 21.0% decrease in revenue to $894.938 million from
$1.13 billion a year ago, according to the mean estimate from 13
analysts, based on LSEG data.The company's guidance on March 7
2024, for the period ended April 30, was for revenue between
$850.00 million and $930.00 million.
    * ​LSEG's mean analyst estimate for Ciena Corp is for
earnings of
15 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Ciena Corp
is
$59.00​, above​ its last closing price of $47.92. ​​​

The company's guidance on March 7 2024 for the period ended
April 30 was for gross profit margin between USD41% and USD43%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 31 2024  0.51        0.48       0.66      Beat    36.2
 Jan. 1 2024   0.69        0.51       0.75      Beat    8.7
 Jul. 31 2023  0.50        0.51       0.59      Beat    16.1​
 Apr. 30 2023  0.60        0.61       0.74      Beat    21.7
 ​​Jan.        0.34        0.36       0.64      Beat    77.3
 1 0001                                                 
 Jan. 1 0001   0.07        0.08       0.61      Beat    693.4​
 Jan. 1 0001   0.33        0.34       0.33      Missed  -1.9
 Apr. 30 2022  0.54        0.54       0.52      Missed  -3.6
 This summary was machine generated June 4 at 13:01 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)