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Jul 31, 2021

Ciena Q3 2021 Earnings Report

Ciena's Q3 2021 financial performance reflected business momentum and market positioning.

Key Takeaways

Ciena reported revenue of $988.1 million and a GAAP net income per share of $1.52 for the fiscal third quarter ended July 31, 2021. The company's results reflect continued momentum in the business and a differentiated position in the market.

Revenue for Q3 2021 was $988.1 million.

GAAP net income per share for Q3 2021 was $1.52.

Adjusted (non-GAAP) net income per share for Q3 2021 was $0.92.

Ciena repurchased approximately 0.5 million shares of common stock for an aggregate price of $26.0 million during the quarter.

Total Revenue
$988M
Previous year: $977M
+1.2%
EPS
$0.92
Previous year: $1.06
-13.2%
Days Sales Outstanding
89
Product Inventory Turns
4.5
Gross Profit
$475M
Previous year: $465M
+2.1%
Cash and Equivalents
$1.23B
Previous year: $1.09B
+12.5%
Free Cash Flow
$53.5M
Previous year: $160M
-66.5%
Total Assets
$4.66B
Previous year: $4.06B
+14.8%

Ciena

Ciena

Ciena Revenue by Segment

Ciena Revenue by Geographic Location

Forward Guidance

Ciena anticipates delivering a strong second half performance, supported by robust demand.

Revenue & Expenses

Visualization of income flow from segment revenue to net income