Ciena Corp expected to post earnings of 41 cents a share - Earnings Preview

Reuters
03-07
Ciena Corp <cien.n> expected to post earnings of 41 cents a share - Earnings Preview </cien.n>
  • Ciena Corp CIEN.N, CIEN.K is expected to show a rise in quarterly revenue when it reports results on March 11 for the period ending January 31 2025

  • The Hanover Maryland Maryland-based company is expected to report a 1.4% increase in revenue to $1.052 billion from $1.04 billion a year ago, according to the mean estimate from 12 analysts, based on LSEG data.The company's guidance on December 12 2024, for the period ended January 31, was for revenue between $1.01 billion and $1.09 billion.

  • ​LSEG's mean analyst estimate for Ciena Corp is for earnings of 41 cents per share.

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 6 "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 $94.00​, above​ its last closing price of $68.43. ​​​

The company's guidance on December 12 2024 for the period ended January 31 was for gross profit margin between USD41% and USD43%.

Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER ENDING

STARMINESMARTESTIMATE®

LSEG IBES ESTIMATE

ACTUAL

BEAT, MET, MISSED

SURPRISE %

Oct. 31 2024

0.67

0.66

0.54

Missed

-17.8

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

This summary was machine generated March 7 at 13:18 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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