Unveiling Ciena (CIEN) Q2 Outlook: Wall Street Estimates for Key Metrics

Wall Street analysts expect Ciena (CIEN) to post quarterly earnings of $0.52 per share in its upcoming report, which indicates a year-over-year increase of 92.6%. Revenues are expected to be $1.1 billion, up 20.3% from the year-ago quarter.Over the last 30 days, there has been an upward revision of 3.9% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.Bearing this in mind, let's now explore the average estimates of specific Ciena metrics that are commonly monitored and projected by Wall Street analysts.Analysts forecast 'Revenue- Total Networking Platforms' to reach $829.74 million. The estimate points to a change of +22.7% from the year-ago quarter.Based on the collective assessment of analysts, 'Revenue- Total Global Services' should arrive at $144.17 million. The estimate indicates a year-over-year change of +7%.The consensus estimate for 'Revenue- Software and Services- Total (Platform+Blue Planet Automation)' stands at $117.98 million. The estimate indicates a change of +18.2% from the prior-year quarter.Analysts predict that the 'Revenue- Platform Software and Services' will reach $100.05 million. The estimate indicates a year-over-year change of +17.2%.Analysts' assessment points toward 'Revenue- Blue Planet Automation Software and Services' reaching $25.43 million. The estimate suggests a change of +76.6% year over year.The consensus among analysts is that 'Revenue- Networking Platforms- Optical Networking' will reach $723.28 million. The estimate suggests a change of +29.1% year over year.According to the collective judgment of analysts, 'Revenue- Networking Platforms- Routing and Switching' should come in at $103.56 million. The estimate points to a change of -10.8% from the year-ago quarter.The average prediction of analysts places 'Revenue- Services' at $222.76 million. The estimate suggests a change of +6.3% year over year.Analysts expect 'Revenue- Products' to come in at $874.35 million. The estimate points to a change of +24.7% from the year-ago quarter.It is projected by analysts that the 'Gross profit- Products' will reach $356.09 million. Compared to the present estimate, the company reported $285.58 million in the same quarter last year.The combined assessment of analysts suggests that 'Gross profit- Services' will likely reach $100.18 million. Compared to the present estimate, the company reported $103.08 million in the same quarter last year.View all Key Company Metrics for Ciena here>>>Shares of Ciena have demonstrated returns of +9.9% over the past month compared to the Zacks S&P 500 composite's +6.1% change. With a Zacks Rank #3 (Hold), CIEN is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ciena Corporation (CIEN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks