Ciena Corp <CIEN.N> expected to post earnings of 66 cents a share - Earnings Preview
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 ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
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. 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 |
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)
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