Ciena (Nasdaq: CIEN ) reported earnings on March 7. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Jan. 31 (Q1), Ciena met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share grew. GAAP loss per share dropped.
Margins grew across the board.
Ciena logged revenue of $453.1 million. The 19 analysts polled by S&P Capital IQ wanted to see net sales of $449.1 million on the same basis. GAAP reported sales were 8.7% higher than the prior-year quarter's $416.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.12. The 19 earnings estimates compiled by S&P Capital IQ forecast -$0.14 per share. Non-GAAP EPS were $0.12 for Q1 versus -$0.17 per share for the prior-year quarter. GAAP EPS were -$0.47 for Q1 compared to -$0.49 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 43.2%, 290 basis points better than the prior-year quarter. Operating margin was -0.1%, 690 basis points better than the prior-year quarter. Net margin was -10.4%, 100 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $481.6 million. On the bottom line, the average EPS estimate is -$0.01.
Next year's average estimate for revenue is $1.97 billion. The average EPS estimate is $0.39.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 469 members out of 543 rating the stock outperform, and 74 members rating it underperform. Among 130 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 109 give Ciena a green thumbs-up, and 21 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ciena is outperform, with an average price target of $16.82.
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