Ciena to Report Q3 Earnings: What to Expect From the Stock?
CIENCiena(CIEN) ZACKS·2024-08-31 00:46

Ciena Corporation (CIEN) is scheduled to report third-quarter fiscal 2024 results on Sept. 4. The Zacks Consensus Estimate for earnings is pegged at 26 cents per share, implying a 55.9% decrease from the year-ago level. For the fiscal third quarter, management expects revenues in the range of $880-$960 million. The consensus estimate for revenues is pegged at $927.5 million, indicating a decline of 13.2% from the prior-year level. CIEN has a trailing four-quarter earnings surprise of 35.5%, on average. Shar ...