Ciena Corp Second Quarter Earnings Sneak Peek

Ciena Corp (NASDAQ:CIEN) will unveil its latest earnings on Wednesday, June 8, 2011. Ciena Corporation 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 analyst is estimating net loss of 22 cents per share, a wider loss from the year earlier quarter net loss of 21 cents. Estimates range from a loss of 26 cents per share to net loss of 19 cents per share. Over the past three months, the consensus estimate has moved down from a loss of 16 cents. The consensus estimate is unchanged from a month ago.

Past Earnings Performance: The company is looking to top estimates for the third-straight quarter. Last quarter, it reported a loss of 14 cents per share against a mean estimate of net loss of 26 cents, and the quarter before, the company exceeded forecasts by 4 cents with a loss of 22 cents versus a mean estimate of net loss of 26 cents.

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Wall St. Revenue Expectations: On average, analysts predict $428.1 million in revenue this quarter, a rise of 68.9% from the year ago quarter. Analysts are forecasting total revenue of $1.81 billion for the year, from last year’s revenue of $1.24 billion.

Analyst Ratings: Analysts are bullish on this stock with 17 analysts rating it as a buy and two rating it as a sell.

Key Stats:

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

The company’s gross margin shrank by 6.7 percentage points in the last quarter. Revenue rose 146.4% while cost of sales rose 176.7% to $264.8 million from a year earlier.

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).

Recent Price Movement: From a month ago, the stock price has dropped $1.42 (-5.2%) from $27.14 on May 4, 2011 to $25.72.

(Sources: YahooFinance and Xignite Financials)

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