What analysts say:
- Buy, sell, or hold?: Analysts are bullish on this stock. Only one rates it as a sell, while 13 recommend it as a buy. 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 $417.3 million in revenue this quarter. That would represent a decline of 3.7% from the year-ago quarter.
- Wall Street earnings expectations: The average analyst estimate is a loss of $0.17 per share. Estimates range from a loss of $0.25 to a loss of $0.10.
What our community says:
CAPS All-Stars are in strong support of the stock, with 82.9% granting it an outperform rating. The community at large is in line with the All-Stars, with 86.4% assigning it a rating of outperform. Ciena's bearish CAPS rating of two out of five stars falls short of the Fool community sentiment.
Revenue has now gone up for three straight quarters.
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