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.
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 $0.43, which is better than the estimate ninety days ago.
Here’s how Ciena has been performing on an annual basis:
|Revenue ($) 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|
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] wallstcheatsheet.com)