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Apr 27, 2024
Ciena Q2 2024 Earnings Report
Ciena's Q2 2024 financial performance reflected strength amid a challenging environment as service providers managed existing inventory.
Key Takeaways
Ciena reported Q2 2024 revenue of $910.8 million, a decrease compared to $1.13 billion in Q2 2023. The company's GAAP net loss was $(16.8) million, or $(0.12) per share, while adjusted non-GAAP net income was $39.4 million, or $0.27 per share.
Q2 revenue was $910.8 million.
GAAP net loss per share was $(0.12).
Adjusted (non-GAAP) net income per share was $0.27.
Approximately 1.1 million shares of common stock were repurchased for $57.0 million during the quarter.
Revenue by Segment
Forward Guidance
Ciena's fiscal second quarter performance underscores the strength in our business amid a challenging near-term environment as service providers continue to work through existing inventory. With continued robust growth in bandwidth demand, we remain focused on extending our leadership in optical as a foundation for expanding our addressable market.
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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