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Ahead of Ciena (CIEN) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
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Wall Street analysts expect Ciena (CIEN - Free Report) to post quarterly earnings of $1.73 per share in its upcoming report, which indicates a year-over-year increase of 158.2%. Revenues are expected to be $1.64 billion, up 34.6% from the year-ago quarter.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some Ciena metrics that Wall Street analysts commonly model and monitor.
Analysts expect 'Revenue- Total Networking Platforms' to come in at $1.31 billion. The estimate suggests a change of +39.2% year over year.
It is projected by analysts that the 'Revenue- Total Global Services' will reach $200.34 million. The estimate indicates a year-over-year change of +25.1%.
The consensus among analysts is that 'Revenue- Networking Platforms- Routing and Switching' will reach $172.34 million. The estimate suggests a change of +36.9% year over year.
The consensus estimate for 'Revenue- Services' stands at $287.84 million. The estimate points to a change of +18.7% from the year-ago quarter.
According to the collective judgment of analysts, 'Revenue- Networking Platforms- Optical Networking' should come in at $1.16 billion. The estimate suggests a change of +42.5% year over year.
Analysts predict that the 'Revenue- Blue Planet Automation Software and Services' will reach $28.25 million. The estimate indicates a change of +1.6% from the prior-year quarter.
Based on the collective assessment of analysts, 'Revenue- Platform Software and Services' should arrive at $99.75 million. The estimate suggests a change of +10.8% year over year.
Analysts' assessment points toward 'Revenue- Products' reaching $1.35 billion. The estimate suggests a change of +37.7% year over year.
Over the past month, shares of Ciena have returned +0.4% versus the Zacks S&P 500 composite's +3.9% change. Currently, CIEN carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Ahead of Ciena (CIEN) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Wall Street analysts expect Ciena (CIEN - Free Report) to post quarterly earnings of $1.73 per share in its upcoming report, which indicates a year-over-year increase of 158.2%. Revenues are expected to be $1.64 billion, up 34.6% from the year-ago quarter.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some Ciena metrics that Wall Street analysts commonly model and monitor.
Analysts expect 'Revenue- Total Networking Platforms' to come in at $1.31 billion. The estimate suggests a change of +39.2% year over year.
It is projected by analysts that the 'Revenue- Total Global Services' will reach $200.34 million. The estimate indicates a year-over-year change of +25.1%.
The consensus among analysts is that 'Revenue- Networking Platforms- Routing and Switching' will reach $172.34 million. The estimate suggests a change of +36.9% year over year.
The consensus estimate for 'Revenue- Services' stands at $287.84 million. The estimate points to a change of +18.7% from the year-ago quarter.
According to the collective judgment of analysts, 'Revenue- Networking Platforms- Optical Networking' should come in at $1.16 billion. The estimate suggests a change of +42.5% year over year.
Analysts predict that the 'Revenue- Blue Planet Automation Software and Services' will reach $28.25 million. The estimate indicates a change of +1.6% from the prior-year quarter.
Based on the collective assessment of analysts, 'Revenue- Platform Software and Services' should arrive at $99.75 million. The estimate suggests a change of +10.8% year over year.
Analysts' assessment points toward 'Revenue- Products' reaching $1.35 billion. The estimate suggests a change of +37.7% year over year.
View all Key Company Metrics for Ciena here>>>Over the past month, shares of Ciena have returned +0.4% versus the Zacks S&P 500 composite's +3.9% change. Currently, CIEN carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .