• 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). ​

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)