Ciena Corp expected to post earnings of 69 cents a share - Earnings Preview

Ciena

05/12/2023 13:38

* Ciena Corp  CIEN.N   CIEN.K  is expected to show a rise in
quarterly revenue when it reports  results on December 7 for the
period ending July 31 2023
    * The Hanover Maryland Maryland-based  company is expected
to
report a 12.8% increase in revenue to $1.095 billion from
$971.01 million a year ago, according to the mean estimate from
12 analysts, based on LSEG data.The company's guidance on August
31 2023, 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
69 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
$60.00​, above​ its last closing price of $46.95. ​​​

The company's guidance on August 31 2023 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 2023  0.50        0.51       0.59      Beat    16.1
 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.        0.33        0.34       0.33      Missed  -1.9
 31 2022                                                
 Apr. 30 2022  0.54        0.54       0.52      Missed  -3.6​
 Jan. 31 2022  0.43        0.45       0.47      Beat    4.2
 Oct. 31 2021  0.86        0.85       0.85      Met     -0.6
 This summary was machine generated December 5 at 13:38 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)