Ciena Corp Fourth Quarter Earnings Sneak Peek

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Ciena Corporation (NASDAQ:CIEN) will unveil its latest earnings on Thursday, December 13, 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 Corporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net loss of 14 cents per share, a wider loss from the year-earlier quarter net loss of 7 cents. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month.

Past Earnings Performance: Last quarter, the company beat estimates by 2 cents, coming in at a loss of 11 cents per share against an estimate of net loss of. The company also topped expectations in the second quarter.

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Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 2.01 last quarter. Having a ratio above 2:1 is usually considered a good indicator of a company’s liquidity and ability to meet creditor demands.

A Look Back: In the third quarter, the company’s loss narrowed to a loss of $29.8 million (30 cents a share) from a loss of $31.4 million (33 cents) a year earlier, beating analyst expectations. Revenue rose 8.9% to $474.1 million from $435.3 million.

Wall St. Revenue Expectations: Analysts predict a rise of 2.8% in revenue from the year-earlier quarter to $468.4 million.

Key Stats:

On the top line, the company is looking to build on two-straight revenue increases with this earnings announcement. Revenue rose 14.3% in the second quarter before climbing again in the third quarter.

Analyst Ratings: With 12 analysts rating the stock a buy, none rating it a sell and five rating the stock a hold, there are indications of a bullish stance by analysts.

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

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