Ciena Corporation (NYSE:CIEN) provider of equipment, software, and services, is expected to report third quarter earnings results, before market open, on Thursday 3rd September 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.82 per share.
Looking ahead, the full year income are expected at $ 2.90 per share on the revenues of $ 3692.34 million.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 955.00 million ~ $ 985.00 million
Full Year 2020 topline are forecasted in a range of$ 3,644.00 million ~ $ 3,715.00 million, where as bottomline are predicted in a range of $ 2.53 ~ $ 2.53 per share
Click Here For More Historical Outlooks Of Ciena Corporation
Previous Quarter Performance
Ciena Corporation unfold income for the second quarter of $ 0.76 per share, from the revenue of $ 894.05 million. The quarterly earnings expanded 58.33 percent compared with the same quarter last year. Wall street analysts are predicting, CIEN to report 2Q20 income of $ 0.49 per share from revenue of $ 880.32 million. The bottom line results beat street analysts by $ 0.27 or 55.10 percent, at the same time, top line results outshined analysts by $ 13.73 million or 1.56 percent.
Stock Performance
Shares of Ciena Corporation traded up $ 0.88 or 1.50 percent on Wednesday, reaching $ 59.48 with volume of 1.22 million shares. The stock opened positive for the day at $ 59.32, after closing the previous day trading at $ 58.60.
According to the previous trading day, closing price of $ 58.60, representing a 91.63 % increase from the 52 week low of $ 30.58 and a 4.75 % decrease over the 52 week high of $ 61.52.
The company has a market capital of $ 9.14 billion and is part of the Technology sector and Communication Equipment industry.
Recent Analyst recommendations
- On 21st July 2020, upgraded by Needham & Company LLC to Buy from Hold rating.
Conference Call
Ciena Corporation will be hosting a conference call at 8:30 AM eastern time on 3rd September 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.ciena.com
Ciena Corporation provides network hardware, software, and services that support the transport, switching, aggregation, service delivery, and management of video, data, and voice traffic on communications networks worldwide. The companys Networking Platforms segment offers hardware networking solutions optimized for the convergence of coherent optical transport, optical transport network switching, and packet switching. Its products include 6500 Packet-Optical Platform, 5430 Reconfigurable Switching System, Waveserver stackable interconnect system, CoreDirector Multiservice Optical Switches, and OTN configuration for the 5410 Reconfigurable Switching System, as well as Z-Series Packet-Optical Platform; 3000 family of service delivery switches and service aggregation switches, and the 5000 family of service aggregation switches, as well as 8700 Packetwave Platform and the Ethernet packet configuration for the 5410 Service Aggregation Switch; and 6500 Packet Transport System.
