Ciena Corporation (NYSE:CIEN) will release its fourth-quarter financial results, before the opening bell, on Thursday, Dec. 12.
Analysts expect the Hanover, Maryland-based retailer to report quarterly earnings at 65 cents per share, down from 75 cents per share in the year-ago period. Ciena projects quarterly revenue of $1.1 billion, compared to $1.13 billion a year earlier, according to data from Benzinga Pro.
On Tuesday, Stifel analyst Ruben Roy reiterated Ciena with a Buy and raised the price target from $75 to $82.
Ciena shares gained 3.3% to close at $73.21 on Wednesday.
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