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Jul 27, 2024
Ciena Q3 2024 Earnings Report
Ciena reported strong Q3 2024 results, reflecting growing momentum with cloud providers and continued gradual recovery with service providers.
Key Takeaways
Ciena's Q3 2024 revenue was $942.3 million, compared to $1.07 billion in Q3 2023. GAAP net income was $14.2 million, or $0.10 per diluted share, while adjusted non-GAAP net income was $50.8 million, or $0.35 per diluted share.
Q3 revenue was $942.3 million.
GAAP net income per share was $0.10.
Adjusted (non-GAAP) net income per share was $0.35.
Approximately 0.6 million shares of common stock were repurchased for an aggregate price of $29.0 million during the quarter.
Ciena
Ciena
Ciena Revenue by Segment
Ciena Revenue by Geographic Location
Revenue by Segment
Optical Networking Revenue
CapyFin.comRouting & Switching Revenue
CapyFin.comPlatform Software & Svcs Revenue
CapyFin.comBlue Planet Software Revenue
CapyFin.comMaintenance & Training Revenue
CapyFin.comInstall & Deployment Revenue
CapyFin.comConsulting & Design Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.comAPAC Revenue
CapyFin.com Forward Guidance
Ciena is well-positioned to continue to gain share and deliver profitable growth due to leading innovation that is well-aligned with customers' focus on building cloud and AI-capable infrastructures.
Positive Outlook
- Growing momentum with cloud providers.
- Continued gradual recovery with service providers.
- Leading innovation well-aligned with customer focus.
- Building cloud and AI-capable infrastructures.
- Well-positioned to continue to gain share and deliver profitable growth.
Challenges Ahead
- Broader economic and market conditions affecting customers' spending.
- Impact of macroeconomic conditions and global supply chain constraints.
- Introduction of new technologies by competitors.
- Seasonality and timing/size of customer orders.
- Changes in foreign currency exchange rates.
Revenue & Expenses
Visualization of income flow from segment revenue to net income