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Preview: Ciena's Earnings

Benzinga Insights
·1 min read

Ciena (NYSE: CIEN) releases its next round of earnings this Thursday, September 03. Get the latest predictions in Benzinga's essential guide to the company's Q3 earnings report.

Earnings and Revenue

Analysts covering Ciena modeled for quarterly EPS of $0.82 on revenue of $971.77 million. Ciena reported a profit of $0.71 per share when it published results during the same quarter last year. Sales in that period totaled $960.61 million. If the company were to match the consensus estimate when it reports Thursday, EPS would be up 15.49%. Here's how the company's EPS has stacked up against analyst estimates in the past:

Quarter

Q2 2020

Q1 2020

Q4 2019

Q3 2019

EPS Estimate

0.49

0.38

0.63

0.57

EPS Actual

0.76

0.52

0.58

0.71

Revenue Estimate

880.32 M

819.79 M

964.29 M

932.54 M

Revenue Actual

894.05 M

832.91 M

967.99 M

960.61 M

Stock Performance

Over the last 52-week period, shares of Ciena are up 48.31%.

View more earnings on CIEN

Don't be surprised to see the stock move on comments made during its conference call. Ciena is scheduled to hold the call at 08:30:00 ET and can be accessed here: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.ciena.com%2Fevents-and-presentations%2Fdefault.aspx&eventid=2566534&sessionid=1&key=77C8C07344EE5AD17F37F7808A78C223&regTag=&sourcepage=register

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