What analysts say:
- Buy, sell, or hold?: Analysts are bullish on this stock with 12 analysts rating it as a buy and only one rating it as a sell. Analysts like Ciena better than competitor Tellabs overall. Analysts still rate the stock a moderate buy, but they are a bit more wary about it compared to three months ago.
- Revenue forecasts: On average, analysts predict $450.3 million in revenue this quarter. That would represent a rise of 7.8% from the year-ago quarter.
- Wall Street earnings expectations: The average analyst estimate is a loss of $0.05 per share. Estimates range from a loss of $0.13 to a profit of $0.02.
What our community says:
CAPS All-Stars are solidly backing the stock with 80.9% awarding it an outperform rating. The community at large agrees with the All-Stars with 85.9% giving it a rating of outperform. Fools have embraced Ciena and haven't been shy with their opinions lately, logging 192 posts in the past 30 days. Ciena's bearish CAPS rating of two out of five stars falls short of the Fool community sentiment.
The company raised its gross margin by 5.5 percentage points in the last quarter. Revenue rose 11.7% while cost of sales rose 1.9% to $250.4 million from a year earlier.
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Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.Earnings estimates provided by Zacks