Earnings Forecast Research on Ciena Corporation (CIEN)

Ciena Corporation has received $0.2 as the consensus Earnings Estimate for the Quarter ending on Jan 2017 ,According to the estimate provided by 4 Financial Advisor in the Stock Trading Firms. Among 4 Analysts, Bottom line EPS Estimate for the current quarter is $0.19 while the top line estimate is $0.2 , a key information to consider for Day Trading and investing in stocks. The EPS growth rate is projected at 146.88%.

Ciena Corporation results fell short with a surprise EPS of -2.56% or $-0.01. The Actual EPS was $0.38 compared to the Estimated EPS of $0.39 during its most recent quarterly earnings. Hanover based Ciena Corporation Last reported the Quarter results on Oct 31, 2016 and the Next earnings date is scheduled to be released on Mar 02, 2017.

Ciena Corporation has a Price to Earnings ratio of 23.17 for the trailing twelve month period. The price to book ratio of the company for the most recent quarter is 4.42. For the Most Recent Fiscal Year, Ciena Corporation has a price to cash ratio of 11.14. For the Trailing twelve month period, company showed a Net Profit Margin of 2.79% and Return on Equity of the stock is 23.37%.

In the last quarter, Ciena Corporation reported Annual Earnings of $0.38. Based on the filings, last years Annual Earnings was, $1.11. In the last Quarter, CIEN reported a surprise Earnings per Share of -2.56% . The consensus estimate for current quarter is $0.2 and for the current fiscal year, the estimate is $1.4. For the Next fiscal year, the estimate is $1.56 based on the consensus.

Ciena Corporation (NYSE:CIEN) : On Tuesday heightened volatility was witnessed in Ciena Corporation (NYSE:CIEN) which led to swings in the share price. The stock opened for trading at $24.07 and hit $24.38 on the upside , eventually ending the session at $24.34, with a gain of 0.04% or 0.01 points. The heightened volatility saw the trading volume jump to 2,104,592 shares. The 52-week high of the share price is $25.321 and the company has a market cap of $3,417 million. The 52-week low of the share price is at $15.615 .

Ciena Corporation is the network specialist, focused on expanding the possibilities for its customers networks while reducing their cost of ownership. The Companys systems, software and services target and cure specific network pain points so that telcos, cable operators, governments and enterprises can best exploit the new applications that are driving their businesses forward.


Share this post

Leave a Reply