Fiber optics firm Ciena (CIEN) has managed to stay out of harm’s way in recent months as the stock has not been subjected to the selling most other tech companies have been party to. Over the last six months, from June 7 through December 7, the tech sector fell almost 9.4%, while Ciena was up 28.4% over the same time period.
Ciena will release earnings on Thursday, December 13. Analysts expect the company to report earnings of $0.48 per share on revenue of $845.3 million. The EPS estimate hasn’t changed in the last 60 days, which suggests the analysts are neither gaining in optimism nor pessimism. The EPS number from the same quarter of last year came in at $0.46.
Over the last three years, Ciena has averaged earnings growth of 6% per year. In the last earnings report in August, the company posted earnings growth of 37% over the previous year. Analysts expect earnings growth of 16% for 2018 as a whole.
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