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Aug 01, 2020
Ciena Q3 2020 Earnings Report
Ciena delivered outstanding financial results, demonstrating continued innovation and market leadership amidst an uncertain macro environment.
Key Takeaways
Ciena reported revenue of $976.7 million for the fiscal third quarter 2020, a 1.7% increase year over year. GAAP net income was $142.3 million, or $0.91 per diluted common share, compared to $86.7 million, or $0.55 per diluted common share, for the fiscal third quarter 2019. Adjusted (non-GAAP) net income was $166.4 million, or $1.06 per diluted common share, compared to $112.3 million, or $0.71 per diluted common share, for the fiscal third quarter 2019.
Revenue increased by 1.7% year-over-year to $976.7 million.
GAAP net income per share increased to $0.91 from $0.55 in the prior year.
Adjusted (non-GAAP) net income per share increased to $1.06 from $0.71 in the prior year.
COVID-related market dynamics have resulted in an orders slowdown and are likely to adversely impact revenue for a few quarters.
Revenue by Segment
Forward Guidance
Although COVID-related market dynamics have resulted in an orders slowdown and are likely to adversely impact our revenue for a few quarters, we are confident in our ability to continue executing on our strategy and expanding our market leadership.
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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