Ciena Corp expected to post earnings of 51  cents a share - Earnings Preview

Ciena

29/08/2023 14:26

* Ciena Corp  CIEN.N   CIEN.K  is expected to show a rise in
quarterly revenue when it reports  results on August 31. 
    * The Hanover Maryland Maryland-based  company is expected
to
report  a 19.8% increase in revenue to $1.04 billion from
$867.98 million a year ago, according to the mean estimate from
11 analysts, based on Refinitiv data. The company's guidance on
June 6 2023, for the period ended July 31, was for revenue
between $1.00 billion and $1.08 billion.
    * ​Refinitiv's mean analyst estimate for Ciena Corp is for
earnings of 51 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 no "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
$55​, above​ its last closing price of $42.04. ​​​

The company's guidance on June 6 2023 for the period ended July
31 was for gross profit margin between USD41% and USD43%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Apr. 30 2023  0.60        0.61       0.74      Beat    21.7
 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
 ​​Apr.        0.54        0.54       0.52      Missed  -3.6
 30 2022                                                
 Jan. 31 2022  0.43        0.45       0.47      Beat    4.2​
 Oct. 31 2021  0.86        0.85       0.85      Met     -0.6
 Jul. 31 2021  0.80        0.79       0.92      Beat    16.4
 This summary was machine generated August 29 at 13:26 GMT.  All
figures in US dollars  unless otherwise stated