Ciena (CIEN) reported earnings on Thur 8 Dec 22 (b/o)

 ** charts after earnings **

 

 

 

Ciena beats by $0.54, beats on revs

• Reports Q4 (Oct) earnings of $0.61 per share, $0.54 better than the S&P Capital IQ Consensus of $0.07; revenues fell 6.8% year/year to $971 mln vs the $847.83 mln S&P Capital IQ Consensus.

-=Ciena (CIEN) reported earnings on Thur 3 Sept 20 (b/o)

Ciena beats by $0.24, reports revs in-line

Reports Q3 (Jul) earnings of $1.06 per share, excluding non-recurring items, $0.24 better than the S&P Capital IQ Consensus of $0.82; revenues rose 1.7% year/year to $976.7 mln vs the $974.49 mln S&P Capital IQ Consensus.

Commentary on Q: "Although COVID-related market dynamics have resulted in an orders slowdown and are likely to adversely impact our revenue for a few quarters, we are confident in our ability to continue executing on our strategy and expanding our market leadership."

Earnings this week : August 31 - September 4, 20 (wk 36)

Monday (Aug 31)

• Morning: CTLT
• Afternoon: SCSC ZM

Tuesday (Sept 1)

• Morning: WSG
• Afternoon: HOME CAL HRB SCVL

Wednesday (Sept 2)

• Morning: BF.B GSX GES M VRA
• Afternoon: AMBA CLDR CPRT CRWD FIVE GWRE MDB PD PVH SAIC SMAR SPWH ZUO

Thursday (Sept 3)

• Morning: CPB CIEN CONN DBI DCI GCO GMS JW.A KFY MEI MIK MOMO PDCO SIG TTC
• Afternoon: AVGO COO DOCU DOMO MDLA OXM NX SWBI YEXT

Friday (Sept 4) 

• None

Earnings spotlight:

• Zoom Video (NASDAQ:ZM) on August 31; 
• At Home Group (NYSE:HOME) and H&R Block (NYSE:HRB) on September 1; 
• Macy's (NYSE:M), Navistar (NYSE:NAV), Five Below (NASDAQ:FIVE), Crowdstrike (NASDAQ:CRWD) and Science Applications (NYSE:SAIC) on September 2; 
• Momo (NASDAQ:MOMO), Campbell Soup (NYSE:CPB), Docusign (NASDAQ:DOCU) and Broadcom (NASDAQ:AVGO) on September 3.

This week's biggest % winners & losers : June 3 - 7, 19 (wk 23)

The following are this week's top percentage gainers and losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top % gainers

• Healthcare: MRTX (99.77 +47.18%), QURE (75.55 +27.38%), IMGN (2.19 +21.67%), CRSP (42.88 +20.55%), TGTX (7.46 +18.98%), BHVN (67.01 +18.69%)
• Consumer Discretionary: BKS (6.62 +50.8%), SAH (21.64 +24.15%), SFIX (27.97 +20.77%)
• Information Technology: CIEN (45.23 +29.45%), CMTL (27.21 +28.65%), CY (22.12 +24.13%), TTD (245.04 +23.25%), MDB (169.97 +21.11%),
• Energy: MDR (7.22 +19.54%)
• Consumer Staples: CPB (43.08 +18.65%)
• Utilities: JE (4.08 +24.39%), PCG (20.46 +19.65%)

This week's top % losers

• Healthcare: FPRX (6.1 -27.38%), CCXI (8.66 -23.23%), MGNX (14.91 -18.7%), ACOR (7.7 -17.12%), EVH (8.9 -16.35%), MRNA (17.52 -15.69%), DVAX (4.15 -13.9%)
• Consumer Discretionary: HOME (7.61 -60.05%), GME (5.02 -33.77%)
• Information Technology: PVTL (10.82 -45.63%), CLDR (5.1 -44.38%), DOCU (48.16 -14.09%), TLND (40.2 -13.81%)

Ciena (CIEN) reported earnings on Thur 6 June 19 (b/o)

** charts after earnings **

 

Ciena earnings and revenue for its fiscal second quarter handily beat analyst estimates. The Ciena earnings news sent shares in the maker of optical communications gear soaring 23%.

Ciena (CIEN) said adjusted earnings were 48 cents a share, up 109% from a year ago, with revenue rising 18.5% to $865 million. A year earlier, Ciena earned were 23 cents a share on sales of $730 million.

Analysts expected Ciena earnings of 41 cents on sales of $819 million for the period ended April 30.

Ciena stock jumped nearly 13% to 40.50 in early trading in the stock market today. That signals a move back above its 50-day line. Ciena stock has a double-bottom buy point of 40.86.

Ciena generally provides guidance on its earnings call with analysts. "We are entering the second half with strong visibility and increased confidence for the full fiscal year supported by favorable industry dynamics and growing competitive advantage," said CEO Gary Smith, in a release.

Ciena stock hit an 11-year high in March. Its fiscal Q1 earnings and revenue topped views, but shares tanked on a weaker-than-expected outlook for gross margins.

Infinera (INFN), one Ciena rival, has been struggling.  In Asia, Ciena has fared well versus China'ss Huawei. Ciena also competes against Acacia Communications (ACIA).

Earnings this week : June 3 - 7, 19 (wk 23)

Monday (June 3)

• Afternoon: BOX CAL COUP GSM

Tuesday (June 4)

• Morning: CBRL CMD DCI LE NAV TIF
• Afternoon: AMBA CRM GME GWRE HQY NX PVTL

Wednesday (June 5)

• Morning: AEO BF.B CPB GIII SCWX VRA
• Afternoon: ABM CLDR ESTC FIVE GEF MDB REVG SMAR SFIX UNFI

Thursday (June 6)

• Morning: CIEN HOME KIRK MIK SAIC SIG SJM
• Afternoon: BYND DOCU DOMO GES OLLI PD PRSP MTN ZM ZUMZ

Friday (June 7) 
None

• Monday: May ISM Manufacturing Index (prior 52.8) and April Construction Spending (prior -0.9%) at 10:00 ET
• Tuesday: April Factory Orders (prior 1.9%) at 10:00 ET
• Wednesday: Weekly MBA Mortgage Index (prior -3.3%) at 7:00 ET; May ADP Employment Change (prior 275,000) at 8:15 ET; May ISM Non-Manufacturing Index (prior 55.5) at 10:00 ET; weekly crude oil inventories (prior -300,000) at 10:30 ET; and Fed's June Beige Book at 14:00 ET
• Thursday: Weekly Initial Claims (prior 215,000), Continuing Claims (prior 1.657 mln), April Trade Balance (prior -$50.00 bln), Q1 Revised Productivity (prior 3.6%) and Q1 Revised Unit Labor Costs (prior -0.9%) at 8:30 ET; and weekly natural gas inventories (prior +114 bcf) at 10:30 ET
• Friday: May Nonfarm Payrolls (prior 263,000), Nonfarm Private Payrolls (prior 236,000), Average Hourly Earnings (prior 0.2%), Unemployment Rate (prior 3.6%), and Average Workweek (prior 34.4) at 8:30 ET; April Wholesale Inventories (prior -0.1%) at 10:00 ET; and April Consumer Credit (prior $10.30 bln) at 15:00 ET

=Ciena (CIEN) reported earnings on Thur 13 Dec 2018 (b/o)

Ciena beats by $0.05, beats on revs; authorizes new $500 mln common stock repurchase

• Reports Q4 (Oct) earnings of $0.53 per share, excluding non-recurring items, $0.05 better than the S&P Capital IQ Consensus of $0.48; revenues rose 19.5% year/year to $889.4 mln vs the $862.54 mln S&P Capital IQ Consensus.
• Co announced that its Board of Directors has authorized a new program to repurchase up to $500 million of its common stock, replacing the previous targeted repurchase plan.

Ciena in slides issues new long-term targets; co expects revenue growth of approx. 6-8% annually and EPS growth over 20% annually over the next 3 years

Earnings this week : Dec 10 - 14, 18 (wk 50)

Earnings confirmed to report this  week

Monday (Dec 10)    

• Morning: None
• Afternoon: ASNA CASY NX ROAD SFIX

Tuesday (Dec 11)

• Morning: DSW FRAN
• Afternoon: AEO PLAY POWL PVTL 

Wednesday (Dec 12)

• Morning: PLAB VRA
• Afternoon: NCS NDSN OXM TLRD

Thursday (Dec 13)

• Morning: CIEN
• Afternoon: ADBE CIVI COST

Friday (Dec 14)
None

-=Ciena (CIEN) reported earnings on Thur 30 August 2018 (b/o)

Ciena beats by $0.12, beats on revs 

• Reports Q3 (Jul) earnings of $0.48 per share, excluding non-recurring items, $0.12 better thanthe S&P Capital IQ Consensus of $0.36; revenues rose 12.4% year/year to $818.82 mln vs the $792.28 mln S&P Capital IQ Consensus.
• "The combination of continued execution against our strategy and robust, broad-based customer demand resulted in outstanding fiscal third quarter performance," said Gary B. Smith, president and CEO of Ciena. "With our diversification, global scale and innovation leadership, we remain confident in our business model and our ability to achieve our three-year financial targets."

Earnings this week : August 27 - 31, 18 (wk 35)

Earnings confirmed to report this week

Monday (August 27)

• Morning: AMWD  PKX MBT JT SVA FGBI PEBK TATT
• Afternoon: HEI PAHC  SHG BAP WF BILI  RYB MESA

Tuesday (Aug 28)

• Morning: BBY BJ BMO BNS CTLT  DSW HAIN SFUN SXI TIF
• Afternoon: BOX HPE HRB LCI NCS OOMA PSEC SCSC  SCVL TLRY YRD

Wednesday (Aug 29)

• Morning: AEO BF.B CHS DKS DY EV EXPR MOV
• Afternoon: CRM GEF GES HOME PVH SMTC TLYS UEPS

Thursday (Aug 30)

• Morning: ANF BURL CIEN CPB DG  DLTR  GMS KIRK MEI MIK PDCO SIG TD TECD TITN
• Afternoon: AMBA  AOBC  COO  LULU  NTNX PAGS ULTA YEXT ZUO

Friday (Aug 31)

• Morning: BIG  

-=Ciena (CIEN) reported earnings on Thur 7 Dec 17 (b/o)

Ciena misses by $0.04, beats on revs; announces $300 mln share repurchase 

• Reports Q4 (Oct) earnings of $0.46 per share, excluding $1.13 billion benefit related to the reversal of a deferred tax asset valuation allowance, $0.04 worse than the Capital IQ Consensus of $0.50; revenues rose 3.9% year/year to $744.4 mln vs the $736.91 mln Capital IQ Consensus. Ciena's adjusted "New Method" (changing how it calculates its adjusted (non-GAAP) provision for income taxes) net income for the fiscal fourth quarter 2017 was $48.5 million, or $0.32 per diluted common share. Adjusted gross margin 44.2% vs. mid-40s guidance. 
• NA sales -5%, EMEA -1.6%, APAC +60% 
• Ciena announced that its Board of Directors has authorized a program to repurchase up to $300 million of the company's common stock through the end of fiscal 2020. 

=Ciena (CIEN) reported earnings on Thur 31 August 2017 (b/o)

Ciena beats by $0.02, reports revs in-line; guides Q4 revs below consensus

• Reports Q3 (Jul) earnings of $0.51 per share, excluding non-recurring items, $0.02 better thanthe Capital IQ Consensus of $0.49; revenues rose 8.7% year/year to $728.7 mln vs the $726.81 mln Capital IQ Consensus. NA rev +6%; EMEA -9%; Asia-Pac +41%
• Adj. gross margin 45.5% vs. mid-40% guidance.
• "We delivered another solid quarter with strong revenue growth and profitability, and we took additional market share through our diversification and innovation leadership," said Gary B. Smith, president and CEO, Ciena. "Our continued success, combined with strong fundamental demand drivers that are playing in our favor, is drawing a clear division between the winners and losers in the marketplace."
• Co issues downside guidance for Q4, sees Q4 revs of $720-750 mln vs. $770.30 mln Capital IQ Consensus; adj gross margin in the mid-40s percentage range.

Ciena (CIEN) reported earnings on Thur 1 June 17 (b/o)

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Ciena beats by $0.08, beats on revs; guides Q3 revs in-line :

• Reports Q2 (Apr) earnings of $0.45 per share, excluding non-recurring items, $0.08 better than the Capital IQ Consensus of $0.37; revenues rose 10.3% year/year to $707.02 mln vs the $694.84 mln Capital IQ Consensus.
• Adj. gross margin was 45.7% vs. guidance for 'mid-40s percentage range'
• Average days' sales outstanding were 72
• Accounts receivable balance was $564.9 million
• Co issues in-line guidance for Q3, sees Q3 revs of $710-740 mln vs. $723.05 mln Capital IQ Consensus Estimate; sees adjusted (non-GAAP) gross margin in the mid-40s percentage range

Ciena (CIEN) reported earnings on Wed 8 March 17 (b/o)

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Ciena misses by $0.03, misses on revs; guides Q2 revs in-line:

• Reports Q1 (Jan) earnings of $0.26 per share, $0.03 worse than the Capital IQ Consensus of $0.29; revenues rose 8.4% year/year to $621.5 mln vs the $632.29 mln Capital IQ Consensus and $615-645 mln guidance. Networking rev +9%; North American rev +3%, Asia Pac rev +59%.
  • Adj. gross margin 44.9% vs. mid-40% guidance
• Co issues in-line guidance for Q2, sees Q2 revs of $680-710 mln vs. $690.72 mln Capital IQ Consensus; gross margin mid-40s%. 
• "Our strategic investments and differentiated portfolio are providing us strong momentum in the market, and as a result we believe that we are well-positioned to deliver on our fiscal 2017 financial targets."

Ciena (CIEN) reported earnings Thur 8 Dec 2016 (b/o)

** charts after earnings **

Ciena misses by $0.02, reports revs in-line; guides Q1 revs in-line; will guide for FY17 on the call  

• Reports Q4 (Oct) earnings of $0.44 per share, excluding non-recurring items, $0.02 worse than the Capital IQ Consensus of $0.46; revenues rose 3.5% year/year to $716.2 mln vs the $716.93 mln Capital IQ Consensus. U.S. customers contributed 61% of total revenue. One 10%-plus customer represented a total of 18.3% of revenue
  • US rev down 3.5%; EMEA +19%; Asia/Pac +17%
  • Adj. gross margin 45.2% vs. mid-40% guidance
• Co issues in-line guidance for Q1, sees Q1 revs of $615-645 mln vs. $634.21 mln Capital IQ Consensus. Adjusted (non-GAAP) gross margin in the mid-40s percentage range.
• "Our strong fiscal 2016 results demonstrate our increasingly differentiated performance versus our competitors, marking Ciena's seventh consecutive year of growing faster than the overall market as well as steady improvement in our operating leverage, profitability and cash flow," said Gary Smith, president and CEO, Ciena. "We believe that the combination of our leading technology, strategic investments, global scale and business diversification will enable us to continue to take market share and drive operating leverage in fiscal 2017." 

Ciena (CIEN) reported earnings Thur 1 Sept 2016 (b/o)

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** charts after earnings **

Ciena beats by $0.04, reports revs in-line; guides Q4 revs in-line; updates FY16 guidance on the call at 8:30  :

• Reports Q3 (Jul) earnings of $0.42 per share, excluding non-recurring items, $0.04 better than the Capital IQ Consensus of $0.38; revenues rose 11.2% year/year to $670.6 mln vs the $672.23 mln Capital IQ Consensus.
  • Converged packet optical rev +15% to $468 mln.
  • EMEA rev +12% vs. declines in prior quarters.
• Gross margin 46.8% vs. mid-40% guidance
• Co issues in-line guidance for Q4, sees Q4 revs of $700-730 mln vs. $722.15 mln Capital IQ Consensus; mid-40% gross margin.
• CO will update FY16 guidance on call at 8:30
• "We posted strong results on all financial operating metrics in our fiscal third quarter, continuing a trend of consistently improving financial performance and demonstrating the value of having a diversified business to manage through market dynamics," said Gary B. Smith, president and CEO, Ciena. "Through strategic investments to broaden our portfolio, market application and customer and geographic base, we have positioned Ciena to deliver sustainable long-term growth and increased profitability."

Ciena (CIEN) reported earnings Thur 2 June 2016 (b/o)

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Ciena beats by $0.07, beats on revs; guides Q3 revs in-line :

• Reports Q2 (Apr) earnings of $0.34 per share, excluding non-recurring items,$0.07 better than the Capital IQ Consensus of $0.27; revenues rose 3.1% year/year to $640.7 mln vs the $630.76 mln Capital IQ Consensus and $615-645 mn guidance.
  • Adj. gross margin 45.1% vs. mid-40s % guidance.
• Co issues in-line guidance for Q3, sees Q3 revs of $655-685 mln vs. $667.86 mln Capital IQ Consensus; mid 40s % gross margin.

Ciena (CIEN) reported earnings Thur 3 March 2016 (b/o)

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Ciena beats by $0.04, reports revs in-line; guides Q2 rev towards the low end of expectations :

• Reports Q1 (Jan) adj. earnings of $0.18 per share, $0.04 better than the Capital IQ Consensus of $0.14; revenues rose 8.3% year/year to $573.1 mln vs the $575.11 mln Capital IQ Consensus.
  • Adj. gross margin ~44.7% vs. 44% guidance.
• Co issues guidance for Q2, sees Q2 revs of $615-645 mln vs. $642.33 mln Capital IQ Consensus; adj. gross margin mid-40s%.