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May 01, 2021

Ciena Q2 2021 Earnings Report

Ciena demonstrated strong financial performance in Q2 2021, with encouraging signs in the market and improvements in customer spending.

Key Takeaways

Ciena reported Q2 2021 revenue of $833.9 million and GAAP net income of $103.1 million, or $0.66 per diluted share. The company saw encouraging signs in the market with improved customer spending.

Q2 revenue was $833.9 million.

GAAP net income per share was $0.66.

Non-GAAP net income per share was $0.62.

Approximately 0.5 million shares of common stock were repurchased for an aggregate price of $26.2 million during the quarter.

Total Revenue
$834M
Previous year: $894M
-6.7%
EPS
$0.62
Previous year: $0.76
-18.4%
Days Sales Outstanding
86
Previous year: 79
+8.9%
Gross Profit
$412M
Previous year: $413M
-0.2%
Cash and Equivalents
$1.2B
Previous year: $888M
+35.5%
Free Cash Flow
$194M
Previous year: $72.5M
+167.8%
Total Assets
$4.39B
Previous year: $3.86B
+13.8%

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