NYSE - Delayed Quote • USD
Ciena Corporation (CIEN)
At close: April 18 at 4:00 PM EDT
After hours: April 18 at 5:47 PM EDT
Earnings Estimate
| CURRENCY IN USD | Current Qtr. (Apr 2024) | Next Qtr. (Jul 2024) | Current Year (2024) | Next Year (2025) |
|---|---|---|---|---|
| No. of Analysts | 14 | 14 | 16 | 15 |
| Avg. Estimate | 0.14 | 0.53 | 2.28 | 3.15 |
| Low Estimate | 0.09 | 0.4 | 1.96 | 2.66 |
| High Estimate | 0.24 | 0.66 | 2.6 | 3.49 |
| Year Ago EPS | 0.74 | 0.59 | 2.72 | 2.28 |
Revenue Estimate
| CURRENCY IN USD | Current Qtr. (Apr 2024) | Next Qtr. (Jul 2024) | Current Year (2024) | Next Year (2025) |
|---|---|---|---|---|
| No. of Analysts | 13 | 13 | 15 | 14 |
| Avg. Estimate | 894.94M | 1.02B | 4.13B | 4.44B |
| Low Estimate | 888.02M | 980.43M | 4.05B | 4.36B |
| High Estimate | 911M | 1.08B | 4.18B | 4.53B |
| Year Ago Sales | -- | -- | 4.39B | 4.13B |
| Sales Growth (year/est) | -- | -- | -5.90% | 7.60% |
Earnings History
| CURRENCY IN USD | 4/30/2023 | 7/31/2023 | 10/31/2023 | 1/31/2024 |
|---|---|---|---|---|
| EPS Est. | 0.61 | 0.51 | 0.69 | 0.48 |
| EPS Actual | 0.74 | 0.59 | 0.75 | 0.66 |
| Difference | 0.13 | 0.08 | 0.06 | 0.18 |
| Surprise % | 21.30% | 15.70% | 8.70% | 37.50% |
EPS Trend
| CURRENCY IN USD | Current Qtr. (Apr 2024) | Next Qtr. (Jul 2024) | Current Year (2024) | Next Year (2025) |
|---|---|---|---|---|
| Current Estimate | 0.14 | 0.53 | 2.28 | 3.15 |
| 7 Days Ago | 0.14 | 0.54 | 2.29 | 3.18 |
| 30 Days Ago | 0.14 | 0.54 | 2.29 | 3.18 |
| 60 Days Ago | 0.66 | 0.78 | 2.9 | 3.62 |
| 90 Days Ago | 0.66 | 0.78 | 2.9 | 3.62 |
EPS Revisions
| CURRENCY IN USD | Current Qtr. (Apr 2024) | Next Qtr. (Jul 2024) | Current Year (2024) | Next Year (2025) |
|---|---|---|---|---|
| Up Last 7 Days | -- | -- | -- | -- |
| Up Last 30 Days | 1 | 1 | 1 | -- |
| Down Last 7 Days | -- | -- | -- | -- |
| Down Last 30 Days | -- | -- | -- | -- |
Growth Estimates
| CURRENCY IN USD | CIEN | Industry | Sector | S&P 500 |
|---|---|---|---|---|
| Current Qtr. | -81.10% | -- | -- | 0.80% |
| Next Qtr. | -10.20% | -- | -- | 9.60% |
| Current Year | -16.20% | -- | -- | 4.50% |
| Next Year | 38.20% | -- | -- | 13.30% |
| Next 5 Years (per annum) | 29.50% | -- | -- | 11.09% |
| Past 5 Years (per annum) | 3.35% | -- | -- | -- |
Research Analysis
Analyst Price Targets
Fair Value
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Analyst Recommendations
- Strong Buy
- Buy
- Hold
- Underperform
- Sell
Earnings
Upgrades & Downgrades
| Initiated | Citigroup: Sell | 4/12/2024 |
| Initiated | Exane BNP Paribas: Outperform | 4/11/2024 |
| Reiterates | Rosenblatt: Buy to Buy | 3/8/2024 |
| Maintains | Barclays: Overweight to Overweight | 3/8/2024 |
| Reiterates | Needham: Buy to Buy | 3/8/2024 |
| Maintains | JP Morgan: Overweight to Overweight | 3/5/2024 |
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