Ciena (NYSE:CIEN) is set to give its latest quarterly earnings report on Monday, 2022-03-07. Here's what investors need to know before the announcement.
Analysts estimate that Ciena will report an earnings per share (EPS) of $0.45.
Ciena bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Historical Earnings Performance
Last quarter the company missed EPS by $0.00, which was followed by a 1.97% increase in the share price the next day.
Here's a look at Ciena's past performance and the resulting price change:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.85 | 0.79 | 0.48 | 0.45 |
| EPS Actual | 0.85 | 0.92 | 0.62 | 0.52 |
| Price Change % | 1.97% | -2.72% | 2.79% | 1.39% |
To track all upcoming earnings announcements, click here to use Benzinga Earnings Calendar.
