Ciena Earnings: What Investors Should Watch

Ciena (NASDAQ:CIEN) will report earnings before markets open on Thursday, June 6th. Ciena Corporation develops and markets communications network platforms and software, and offers professional services. The Company’s broadband access, data and optical networking platforms, software tools, and global network services support worldwide telecom and cable/MSO services providers, and enterprise and government networks.

Here is your Cheat Sheet to Ciena Earnings:

Earnings Expectations: Analysts expect earnings of $-0.01 per share on revenues of $483.34 million.

Analyst Trends:

Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.09 to a profit $0.11. For the current year, the average estimate is a profit of $0.43, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how Ciena has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 902 653 1,237 1,742 1,834
Diluted EPS ($) 0.42 -6.37 -3.58 -2.04 -1.45

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Apr. 30, 2012 Jul. 31, 2012 Oct. 31, 2012 Jan. 31, 2013
Revenue ($) in millions 477.62 474.09 465.53 453.09
Diluted EPS ($) -0.28 -0.30 -0.39 -0.47

Past Performance:
Ciena has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]