Ciena (CIEN) closed the latest buying and selling day at $36.70, transferring -0.08% from the earli
Ciena (CIEN) closed the latest buying and selling day at $36.70, transferring -0.08% from the earlier buying and selling session. This transformation was narrower than the S&P 500’s each day lack of 0.66%. Elsewhere, the Dow misplaced 1.01%, whereas the tech-heavy Nasdaq misplaced 0.55%.
Coming into immediately, shares of the developer of high-speed networking expertise had gained 1.6% previously month. In that very same time, the Pc and Expertise sector gained 1.57%, whereas the S&P 500 gained 1.77%.
Wall Avenue can be searching for positivity from CIEN because it approaches its subsequent earnings report date. That is anticipated to be December 12, 2019. The corporate is predicted to report EPS of $0.63, up 18.87% from the prior-year quarter. Our most up-to-date consensus estimate is looking for quarterly income of $964.80 million, up 7.28% from the year-ago interval.
It is usually vital to notice the latest modifications to analyst estimates for CIEN. Current revisions are inclined to mirror the newest near-term enterprise developments. As such, constructive estimate revisions mirror analyst optimism concerning the firm’s enterprise and profitability.
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