Loading...
•
Jan 27, 2024
Ciena Q1 2024 Earnings Report
Ciena reported solid first quarter results with strong profitability, expanded cloud provider relationships, and market share gains.
Key Takeaways
Ciena's fiscal first quarter 2024 results showed a revenue of $1.04 billion and a GAAP net income per share of $0.34. The company's adjusted (non-GAAP) net income per share was $0.66.
Q1 revenue was $1.04 billion.
GAAP net income per share was $0.34.
Adjusted (non-GAAP) net income per share was $0.66.
Approximately 691 thousand shares were repurchased for $32.0 million during the quarter.
Revenue by Segment
Forward Guidance
Ciena anticipates continued growth driven by bandwidth demand, but service providers are taking longer than expected to work through inventory.
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
Loading earnings performance data...
Loading earnings reaction data...