Ciena Corporation (CIEN) : Q315 Earnings Whisper

Ciena Corporation (CIEN) is set to report earnings for the third-quarter of 2015 before the markets open today. Wall Street analysts are on average expecting CIEN to post $629.6 million in sales during the quarter. This would show a 1.29% increase from the Q215 revenue of $621.6 million and an increase of 4.31% from the same period in Q314. EPS in Q315 are expected to come in at $0.33, a growth rate of 3.13% from $0.32 per share a year earlier. Meanwhile, reports a whisper number of $0.37 per share.

As a quick reminder, CIEN reported Q215 EPS of $0.35, $0.12 better than the Street’s consensus estimate. Revs increased 10.98% yoy to $621.6 million versus the $603.92 million consensus.

On valuation measures, Ciena Corp. shares currently have a PEG and forward P/E ratio of 1.12 and 14.32, respectively. Price/Sales for the t-12 period is 1.10 while EPS is ($0.12). Currently there are 17 analysts that rate CIEN a ‘Buy’, 4 rate it a ‘Hold’. No analyst rates it a ‘Sell’.

CIEN has a median Wall Street price target of $29.00 with a high target of $35.00.

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