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Jan 31, 2020
Ciena Q1 2020 Earnings Report
Ciena's Q1 2020 financial results were reported, showing revenue growth and robust operating results.
Key Takeaways
Ciena reported a strong start to fiscal year 2020 with a 7% year-over-year increase in revenue, reaching $832.9 million. The company's GAAP net income was $62.3 million, or $0.40 per diluted common share, while adjusted (non-GAAP) net income was $81.7 million, or $0.52 per diluted common share.
Revenue increased by 7.0% year-over-year, reaching $832.9 million.
GAAP net income per share was $0.40, compared to $0.21 in the previous year.
Adjusted (non-GAAP) net income per share was $0.52, compared to $0.33 in the previous year.
Approximately 1.3 million shares of common stock were repurchased for $50.7 million during the quarter.
Revenue by Segment
Forward Guidance
The company did not provide specific forward guidance in this earnings report. The report focused on the results of the fiscal first quarter of 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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