Ciena Corp reports results for the quarter ended October 31 - Earnings Summary

Ciena

12/12/2024 14:32

* Ciena Corp  CIEN.N  reported quarterly adjusted earnings
of 54
cents​​ per share for the quarter ended October 31, lower than
the same quarter last year, when the company reported EPS of 75
cents.  The mean expectation of fifteen analysts for the quarter
was for earnings of 66 cents per share. Wall Street expected
results to range from 61 cents to 77 cents per share.
    * Revenue fell 0.5% to $1.12 billion from a year ago;
analysts
expected $1.10 billion. 
    * Ciena Corp's reported EPS for the quarter was 25 cents​.
    * The company reported quarterly net income of $37.03
million.
    * Ciena Corp shares had risen by 18.9% this quarter and
gained 62.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the
communications &
networking peer group is also "buy"

Wall Street's median 12-month price target for Ciena Corp is
$67.00 
This summary was machine generated from LSEG data December 12 at
02:31 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Oct. 31 2024      0.66           0.54           Missed
 Jul. 31 2024      0.26           0.35           Beat
 Apr. 30 2024      0.15           0.27           Beat
 Jan. 31 2024      0.48           0.66           Beat