Ciena Corp expected to post earnings of 66 cents a share - Earnings Preview

Ciena

10/12/2024 13:32

* Ciena Corp  CIEN.N   CIEN.K  is expected to show a fall in
quarterly revenue when it reports  results on December 12 for
the period ending October 31 2024
    * The Hanover Maryland Maryland-based  company is expected
to
report a 2.3% decrease in revenue to $1.104 billion from $1.13
billion a year ago, according to the mean estimate from 13
analysts, based on LSEG data.The company's guidance on September
4 2024, for the period ended October 31, was for revenue between
$1.06 billion and $1.14 billion.
    * ​LSEG's mean analyst estimate for Ciena Corp is for
earnings of
66 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 9
"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
$67.00​, below​ its last closing price of $73.02. ​​​

The company's guidance on September 4 2024 for the period ended
October 31 was for gross profit margin between USD42% and
USD45%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jul. 31 2024  0.28        0.26       0.35      Beat    35.6
 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.        0.50        0.51       0.59      Beat    16.1
 31 2023                                                
 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
 This summary was machine generated December 10 at 13:32 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)