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May 02, 2020
Ciena Q2 2020 Earnings Report
Ciena demonstrated industry-leading financial performance, highlighted by robust revenue and exceptional profitability.
Key Takeaways
Ciena reported Q2 revenue of $894.1 million, a 3.4% increase year-over-year, and a GAAP net income of $91.7 million, or $0.59 per diluted common share. The company's success is attributed to its focus on innovation, diversification, and global scale.
Reported Q2 revenue of $894.1 million, a 3.4% increase year over year.
Achieved GAAP net income per share of $0.59 and adjusted (non-GAAP) net income per share of $0.76.
Repurchased approximately 0.6 million shares of common stock for $23.8 million before suspending repurchases.
Attributed strong performance to a strategy centered around innovation, diversification, and global scale.
Revenue by Segment
Forward Guidance
Ciena's forward-looking statements involve risks and uncertainties, including the effect of economic conditions, the COVID-19 pandemic, changes in network spending, competitive pressure, supply chain disruptions, and changes in tax or trade regulations.
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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