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Jan 30, 2021

Ciena Q1 2021 Earnings Report

Ciena reported solid revenue and profitability despite challenging market conditions, leveraging innovation for long-term growth.

Key Takeaways

Ciena's fiscal first quarter 2021 results showed a revenue of $757.1 million and a net income per share of $0.35 GAAP and $0.52 non-GAAP. The company faced challenging market conditions but maintained a strong market position.

Delivered solid revenue and profitability in the first fiscal quarter.

Maintained strong market position despite challenging market conditions.

Leveraged innovation leadership and competitive advantage for long-term growth.

Repurchased approximately 0.3 million shares of common stock for $13.2 million during the quarter.

Total Revenue
$757M
Previous year: $833M
-9.1%
EPS
$0.52
Previous year: $0.52
+0.0%
Days Sales Outstanding
93
Previous year: 80
+16.3%
Inventory Turns
3.2
Previous year: 4.5
-28.9%
Gross Profit
$358M
Previous year: $371M
-3.4%
Cash and Equivalents
$1.03B
Previous year: $837M
+22.9%
Free Cash Flow
-$28.2M
Previous year: $12.9M
-317.8%
Total Assets
$4.19B
Previous year: $3.83B
+9.3%

Ciena

Ciena

Ciena Revenue by Segment

Ciena Revenue by Geographic Location

Forward Guidance

Ciena's management will host a discussion with investors and financial analysts that will include the Company's outlook.

Revenue & Expenses

Visualization of income flow from segment revenue to net income