Here's How Ciena's (CIEN) Placed Before Q2 Earnings Release

Ciena Corporation (CIEN) is scheduled to report second-quarter fiscal 2024 results on Jun 6. The Zacks Consensus Estimate for earnings is pegged at 15 cents per share, implying a 79.7% decrease from the year-ago level. For the fiscal second quarter, management expects revenues in the range of $850-$930 million. The consensus estimate for revenues is pegged at $896.6 million, indicating a decline of 20.8% from the prioryear level. CIEN has a trailing four-quarter earnings surprise of 21.3%, on average. Share ...