The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.While Ciena has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook.

For the fiscal second quarter 2020, Ciena reported revenue of $894.1 million as compared to $865.0 million for the fiscal second quarter 2019. The current consensus EPS estimate is $0.68 on $978.81 million in revenues for the coming quarter and $2.58 on $3.72 billion in revenues for the current fiscal year. For the fiscal second quarter 2020, Ciena reported revenue of $894.1 million as compared to $865.0 million for the fiscal second quarter 2019. "Our strategy, centered around innovation, diversification and global scale, has resulted in a resilient business capable of navigating challenging times and delivering strong shareholder value over the long-term. Each of the company logos represented herein are trademarks of Verizon Media; Microsoft Corporation; Nasdaq, Inc.; Dow Jones & Company; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc.NYSE and AMEX data is at least 20 minutes delayed. Zacks Ranks stocks can, and often do, change throughout the month.
ET A quarter ago, it was expected that this developer of high-speed networking technology would post earnings of $0.38 per share when it actually produced earnings of $0.52, delivering a surprise of 36.84%.It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead.

Ciena Corporation, headquartered in Hanover, Maryland, is a United States-based company in the telecommunications equipment industry.It competes with Aviat Networks, ADVA Optical Networking, Zayo Group, Comtech Telecommunications and Juniper Networks.

You must click the link in the email to activate your subscription. You can sign up for additional subscriptions at any time.Share-based compensation-servicesProceeds from issuance of common stockProceeds from maturities of available for sale securitiesWeighted average dilutive potential common shares outstanding used in calculating Adjusted (non-GAAP) diluted net income per common share for the first quarter of fiscal 2019 includes 1.9 million shares underlying certain stock options and restricted stock unit awards.For the fiscal first quarter 2020, Ciena reported revenue of $832.9 million as compared to $778.5 million for the fiscal first quarter 2019.Purchase of equipment in accounts payableRepurchases of common stock - repurchase programAmortization of intangible assetsProvision for inventory excess and obsolescenceTotal adjustments related to income from operationsWeighted average dilutive potential common shares outstanding used in calculating GAAP diluted net income per common share for the first quarter of fiscal 2019 includes 1.9 million shares underlying certain stock options and stock unit awards.Cash paid during the period for income taxes, netAdjusted income before income taxesCiena's GAAP net income for the fiscal first quarter 2020 was $62.3 million, or $0.40 per diluted common share, which compares to a GAAP net income of $33.6 million, or $0.21 per diluted common share, for the fiscal first quarter 2019.Add: Depreciation of equipment, building, furniture and fixtures, and amortization of leasehold improvementsShare-based compensation-productsAccumulated other comprehensive lossAdd: Shared-based compensation costExclude GAAP provision for income taxesOperating lease right-of-use assetsDiluted net income per potential common shareAdjusted (non-GAAP) operating expenseSettlement of foreign currency forward contracts, netAdd: Amortization of intangible assetsEquipment, building, furniture and fixtures, netCiena's adjusted (non-GAAP) net income for the fiscal first quarter 2020 was $81.7 million, or $0.52 per diluted common share, which compares to an adjusted (non-GAAP) net income of $52.8 million, or $0.33 per diluted common share, for the fiscal first quarter 2019.Loss on extinguishment and modification of debtAcquisition of business, net of cash acquiredAdd: Provision for income taxesConversion of debt conversion liability into 1,585,140 shares of common stockShare-based compensation-sales and marketingPreferred stock – par value $0.01; 20,000,000 shares authorized; zero shares issued and outstanding1. The company has topped consensus revenue estimates four times over the last four quarters.Real time prices by BATS. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well.

The company derives its revenue from business and operations in four geographic regions: North America, Europe, Middle East and Africa …

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