Ciena Corp Fourth Quarter Earnings Sneak Peek

Ciena Corp (NASDAQ:CIEN) will unveil its latest earnings on Thursday, December 8, 2011. Ciena is a provider of communications networking equipment, software, and services that support the transport, switching, aggregation, and management of voice, video, and data traffic.

Ciena Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net loss of 5 cents per share, a narrower loss from the year earlier quarter net loss of 22 cents. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the third quarter, it reported profit of 8 cents per share against a mean estimate of a loss of 21 cents per share. In the second quarter, it missed forecasts by 11 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 7.8% in revenue from the year-earlier quarter to $450.3 million.

Analyst Ratings: Analysts are bullish on this stock with 12 analysts rating it as a buy, one rating it as a sell and seven rating it as a hold.

A Look Back: In the third quarter, the company’s loss narrowed to a loss of $31.4 million (33 cents a share) from a loss of $109.9 million ($1.18) a year earlier, beating analyst expectations. Revenue rose 11.7% to $435.3 million from $389.7 million.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 90%, with the biggest boost coming in the first quarter when revenue rose more than twofold from the year earlier quarter.

Competitors to Watch: Tellabs, Inc. (NASDAQ:TLAB), Alcatel-Lucent (NYSE:ALU), Cisco Systems, Inc. (NASDAQ:CSCO), ADTRAN, Inc. (NASDAQ:ADTN), Sycamore Networks, Inc. (NASDAQ:SCMR), Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC), Orckit Communications Ltd (NASDAQ:ORCT), Juniper Networks, Inc. (NYSE:JNPR), Infinera Corp. (NASDAQ:INFN), and JDS Uniphase Corporation (NASDAQ:JDSU).

Stock Price Performance: During November 3, 2011 to December 2, 2011, the stock price had dropped $1.80 (-13.1%) from $13.75 to $11.95. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 1, 2011 when shares rose for six-straight days, rising 5% (+89 cents) over that span. It saw one of its worst periods between November 14, 2011 and November 25, 2011 when shares fell for nine-straight days, falling 21.7% (-$3.04) over that span. Shares are down $9.10 (-43.2%) year to date.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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