Ciena Corp First Quarter Earnings Sneak Peek

Ciena Corp (NASDAQ:CIEN) will unveil its latest earnings on Wednesday, March 7, 2012. Ciena is a provider of communications networking equipment, software, and services that support the transport, switching, aggregation, and management of voice, video, and data traffic.

Ciena Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for a loss of 17 cents per share, a wider loss from the year-earlier quarter net loss of 14 cents. During the past three months, the average estimate has moved down from a loss of one cent. Between one and three months ago, the average estimate moved down. It also has dropped from a loss of 9 cents during the last month.

Past Earnings Performance: Last quarter, the company fell short of estimates by 29 cents, coming in at net loss of 7 cents per share against a mean estimate of a loss of 5 cents. The company topped expectations in the third quarter of the last fiscal year.

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Wall St. Revenue Expectations: On average, analysts predict $417.3 million in revenue this quarter, a decline of 3.7% from the year-ago quarter. Analysts are forecasting total revenue of $1.84 billion for the year, a rise of 5.7% from last year’s revenue of $1.74 billion.

Analyst Ratings: Analysts are high on the stock, with 13 analysts rating it as a buy, one rating it as a sell and six rating it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, the company’s loss narrowed to a loss of $22.3 million (22 cents a share) from a loss of $80.3 million (85 cents) a year earlier, but missed analyst expectations. Revenue rose 9.1% to $455.5 million from $417.6 million.

Key Stats:

Revenue has gone up in the past four quarters. Revenue rose 11.7% in the third quarter of the last fiscal year from the year earlier, climbed 64.9% in the second quarter of the last fiscal year from the year-ago quarter and more than twofold in the first quarter of the last fiscal year.

Stock Price Performance: Between December 2, 2011 and March 1, 2012, the stock price rose $2.92 (24.4%), from $11.95 to $14.87. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 1, 2011, when shares rose for six straight days, increasing 5% (+89 cents) over that span. It saw one of its worst periods between November 14, 2011 and November 25, 2011 when shares fell for nine straight days, dropping 21.7% (-$3.04) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com