Ciena Corp reports results for the quarter ended in July - Earnings Summary

Ciena

01/09/2023 07:47

* Ciena Corp  CIEN.N  reported quarterly adjusted earnings
of 59
cents​​ per share for the quarter ended in July. The mean
expectation of thirteen analysts for the quarter was
for earnings of 51 cents per share.
    * Revenue rose 23% to $1.07 billion from a year ago;
analysts
expected $1.04 billion. 
    * Ciena Corp's reported EPS for the quarter was 20 cents​.
    * The mean earnings estimate of analysts had fallen by
about 28.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Ciena Corp shares had risen by 17.6% this quarter and
lost 2.0%
so far this year.
    * The company reported quarterly net income of $29.73
million.
    * Wall Street's median 12-month price target for Ciena Corp
is
$59.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
September 1 at 06:47 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jul. 31 2023      0.51           0.59           Beat
 Apr. 30 2023      0.61           0.74           Beat
 Jan. 31 2023      0.36           0.64           Beat
 Oct. 31 2022      0.08           0.61           Beat