Ciena Corp expected to post earnings of 26 cents a share - Earnings Preview

Ciena

02/09/2024 13:40

* Ciena Corp  CIEN.N   CIEN.K  is expected to show a fall in
quarterly revenue when it reports  results on September 4 for
the period ending July 31 2024
    * The Hanover Maryland Maryland-based  company is expected
to
report a 13.2% decrease in revenue to $927.21 million from $1.07
billion a year ago, according to the mean estimate from 13
analysts, based on LSEG data.The company's guidance on June 6
2024, for the period ended July 31, was for revenue between
$880.00 million and $960.00 million.
    * ​LSEG's mean analyst estimate for Ciena Corp is for
earnings of
26 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 4
"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
$56.00​, below​ its last closing price of $57.65. ​​​

The company's guidance on June 6 2024 for the period ended July
31 was for gross profit margin between USD43% and USD44%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Apr. 30 2024  0.17        0.15       0.27      Beat    83.7
 Jan. 31 2024  0.51        0.48       0.66      Beat    36.2
 Oct. 31 2023  0.69        0.69       0.75      Beat    8.7​
 Jul. 31 2023  0.50        0.51       0.59      Beat    16.1
 ​​Apr.        0.60        0.61       0.74      Beat    21.7
 30 2023                                                
 Jan. 31 2023  0.34        0.36       0.64      Beat    77.3​
 Oct. 31 2022  0.07        0.08       0.61      Beat    693.4
 Jul. 31 2022  0.33        0.34       0.33      Missed  -1.9
 This summary was machine generated September 2 at 12:40 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)