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Jan 29, 2022
Ciena Q1 2022 Earnings Report
Ciena's first quarter revenue grew more than 10% year-over-year, driven by continued broad-based demand and very strong orders growth.
Key Takeaways
Ciena reported revenue of $844.4 million for the fiscal first quarter 2022, compared to $757.1 million for the fiscal first quarter 2021. GAAP net income for the fiscal first quarter 2022 was $45.8 million, or $0.29 per diluted common share, compared to a GAAP net income of $55.3 million, or $0.35 per diluted common share, for the fiscal first quarter 2021.
Q1 Revenue: $844.4 million
Q1 Net Income per Share: $0.29 GAAP; $0.47 adjusted (non-GAAP)
Share Repurchases: Ciena entered into a $250 million accelerated share repurchase arrangement during the first quarter of fiscal 2022.
First quarter revenue grew more than 10% year-over-year.
Revenue by Segment
Forward Guidance
We expect our strategic investments to drive a significant increase in supply chain capacity in the second half, and therefore remain confident in our ability to address demand and achieve the strong revenue growth we expect for the fiscal year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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