Ciena Corp Second Quarter Earnings Sneak Peek

Ciena Corp (NASDAQ:CIEN) will unveil its latest earnings on Thursday, May 31, 2012. 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 14 cents per share, a narrower loss from the year-earlier quarter net loss of 33 cents. During the past three months, the average estimate has moved down from a loss of 10 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at a loss of 14 cents during the last month.

Past Earnings Performance: The company is hoping to beat estimates after missing the mark for two straight quarters. Last quarter, it reported a loss of 26 cents per share against an estimate of net loss of 17 cents per share. The quarter before that, it missed forecasts by 2 cents.

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Wall St. Revenue Expectations: On average, analysts predict $447.4 million in revenue this quarter, a rise of 7.1% from the year-ago quarter. Analysts are forecasting total revenue of $1.83 billion for the year, a rise of 5.2% from last year’s revenue of $1.74 billion.

Analyst Ratings: Analysts are high on the stock, with 14 analysts rating it as a buy, one rating it as a sell and three rating it as a hold.

A Look Back: In the first quarter, the company’s loss narrowed to a loss of $47.7 million (49 cents a share) from a loss of $79.1 million (84 cents) a year earlier, but missed analyst expectations. Revenue fell 3.8% to $416.7 million from $433.3 million.

Key Stats:

On the top line, the company is looking to get back on the right track after last quarter’s drop snapped a string of revenue increases. Revenue rose 64.9% in the second quarter of the last fiscal year, 11.7% in the third quarter of the last fiscal year and 9.1%in the fourth quarter of the last fiscal year before dropping in the first quarter.

Stock Price Performance: Between March 29, 2012 and May 25, 2012, the stock price had fallen $4.40 (-27.1%), from $16.24 to $11.84. 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, increasing 5% (+89 cents) over that span. It saw one of its worst periods between April 24, 2012 and May 4, 2012 when shares fell for nine straight days, dropping 15.2% (-$2.38) over that span.

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

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