Ciena Corp Third Quarter Earnings Sneak Peek

Ciena Corp (NASDAQ:CIEN) will unveil its latest earnings on Thursday, September 1, 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 estimate of analysts is for a loss of 21 cents per share, a wider loss from the year earlier quarter net loss of 9 cents. During the past three months, the average estimate has moved down from a loss of 2 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at a loss of 21 cents during the last month.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the second quarter, the company reported net loss of 33 cents per share versus a mean estimate of a loss of 22 cents per share. In first quarter, the company beat estimates by 16 cents.

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Wall St. Revenue Expectations: On average, analysts predict $443.3 million in revenue this quarter, a rise of 13.7% from the year ago quarter. Analysts are forecasting total revenue of $1.77 billion for the year, a rise of 42.7% from last year’s revenue of $1.24 billion.

Analyst Ratings: Analysts are bullish on this stock with 14 analysts rating it as a buy, one rating it as a sell and eight rating it as a hold.

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 more than twofold, 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 June 2, 2011 to August 26, 2011, the stock price had fallen $14.94 (-58.1%) from $25.72 to $10.78. 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 August 15, 2011 and August 22, 2011 when shares fell for six-straight days, falling 19.2% (-$2.54) over that span. Shares are down $10.27 (-48.8%) year to date.

(Source: Xignite Financials)

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock.

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