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