Ciena Q4 2022 Earnings Report
Key Takeaways
Ciena reported strong fiscal fourth quarter financial results, exceeding expectations due to favorable supply chain developments. The company's revenue was $971.0 million, and net income per share was $0.39 on a GAAP basis and $0.61 on a non-GAAP basis. Ciena expects to deliver outsized revenue growth in fiscal 2023, driven by a significant backlog and continued signs of gradual supply improvement.
Q4 revenue reached $971.0 million.
GAAP net income per share was $0.39, while adjusted (non-GAAP) net income per share was $0.61.
The company repurchased approximately 154,200 shares of common stock for an aggregate price of $8.0 million during the quarter.
Ciena anticipates outsized revenue growth in fiscal 2023 due to a substantial backlog and improving supply chain conditions.
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Ciena Revenue by Segment
Ciena Revenue by Geographic Location
Forward Guidance
Ciena expects to deliver outsized revenue growth in fiscal 2023 given its significant backlog and continued signs of gradual supply improvement. The company remains confident that the durability of secular demand drivers and its strategic investments to expand its addressable market position them to deliver strong revenue growth over the next several years.
Positive Outlook
- Anticipates outsized revenue growth in fiscal 2023.
- Significant backlog expected to contribute to future revenue.
- Continued signs of gradual supply improvement.
- Durability of secular demand drivers.
- Strategic investments to expand addressable market.
Challenges Ahead
- Effect of broader economic and market conditions on our customers and their business
- Impact of supply chain constraints or disruptions
- Changes in network spending or network strategy by our customers
- Level of competitive pressure we encounter
- Changes in foreign currency exchange rates
Revenue & Expenses
Visualization of income flow from segment revenue to net income