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Jul 30, 2022
Ciena Q3 2022 Earnings Report
Ciena's financial results were negatively impacted by supply chain issues, despite strong customer demand.
Key Takeaways
Ciena reported revenue of $868.0 million for the fiscal third quarter 2022, compared to $988.1 million for the fiscal third quarter 2021. GAAP net income for the fiscal third quarter 2022 was $10.5 million, or $0.07 per diluted common share, compared to a GAAP net income of $238.2 million, or $1.52 per diluted common share, for the fiscal third quarter 2021. Adjusted (non-GAAP) net income for the fiscal third quarter 2022 was $49.0 million, or $0.33 per diluted common share, compared to an adjusted (non-GAAP) net income of $144.9 million, or $0.92 per diluted common share, for the fiscal third quarter 2021.
Q3 Revenue: $868.0 million
Q3 Net Income per Share: $0.07 GAAP; $0.33 adjusted (non-GAAP)
Repurchased approximately 3.2 million shares of common stock for an aggregate price of $155.0 million during the quarter.
Financial results were negatively impacted by late delivery and substantially lower-than-committed volume from a small number of suppliers for specific components.
Revenue by Segment
Forward Guidance
The company expects supply chain dynamics to continue in fiscal fourth quarter but anticipates improvement moving into fiscal year 2023.
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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