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Oct 30, 2021
Ciena Q4 2021 Earnings Report
Ciena's Q4 2021 financial results exceeded expectations, driven by strong execution and effective management of supply chain challenges.
Key Takeaways
Ciena reported a strong Q4 with revenue of $1.04 billion, a 25.7% increase year-over-year, and GAAP net income per share of $0.66, up 41.7% year-over-year. The company's performance was driven by its ability to manage supply chain issues and continued execution of its strategy. Ciena's Board of Directors authorized a share repurchase program of up to $1.0 billion.
Revenue reached $1.04 billion, marking a 25.7% increase compared to the previous year.
GAAP net income per share was $0.66, a 41.7% increase year-over-year.
Adjusted (non-GAAP) net income per share was $0.85, compared to $0.60 in the prior year.
The Board of Directors authorized a share repurchase program of up to $1.0 billion.
Revenue by Segment
Forward Guidance
Ciena intends to continue driving growth in its business by leveraging its market leadership and investing to capitalize on robust demand dynamics. In addition, its strong balance sheet and cash generation expectations allow the company to increase return of capital to its shareholders.
Positive Outlook
- Continued execution of strategy
- Demonstrated ability to manage supply chain challenges
- Leveraging market leadership
- Investing to capitalize on robust demand dynamics
- Strong balance sheet and cash generation expectations
Challenges Ahead
- Effect of broader economic and market conditions on customers and their business
- Duration and severity of the COVID-19 pandemic and the impact of countermeasures taken to mitigate its spread
- Changes in network spending or network strategy by customers
- Seasonality and the timing and size of customer orders, including our ability to recognize revenue relating to such sales
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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