Preview: Ciena's Earnings

Ciena CIEN releases its next round of earnings this Thursday, September 03. Get the latest predictions in Benzinga's essential guide to the company's Q3 earnings report.

Earnings and Revenue

Analysts covering Ciena modeled for quarterly EPS of $0.82 on revenue of $971.77 million. Ciena reported a profit of $0.71 per share when it published results during the same quarter last year. Sales in that period totaled $960.61 million. If the company were to match the consensus estimate when it reports Thursday, EPS would be up 15.49%. Here's how the company's EPS has stacked up against analyst estimates in the past:

Quarter Q2 2020 Q1 2020 Q4 2019 Q3 2019
EPS Estimate 0.49 0.38 0.63 0.57
EPS Actual 0.76 0.52 0.58 0.71
Revenue Estimate 880.32 M 819.79 M 964.29 M 932.54 M
Revenue Actual 894.05 M 832.91 M 967.99 M 960.61 M

Stock Performance

Over the last 52-week period, shares of Ciena are up 48.31%.

Don't be surprised to see the stock move on comments made during its conference call. Ciena is scheduled to hold the call at 08:30:00 ET and can be accessed here:

Posted In: Earnings

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