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Oct 28, 2023
Ciena Q4 2023 Earnings Report
Ciena reported strong Q4 2023 results, driven by demand dynamics particularly with cloud provider customers, and delivered outstanding fiscal year growth.
Key Takeaways
Ciena reported strong fiscal fourth quarter results with revenue of $1.13 billion and net income per share of $0.62 GAAP and $0.75 non-GAAP. The company's annual revenue increased by 21%.
Q4 revenue was $1.13 billion.
Q4 net income per share was $0.62 GAAP and $0.75 adjusted (non-GAAP).
The company repurchased approximately 4.2 million shares of common stock for $188.8 million during the quarter.
Annual revenue increased 21%.
Ciena
Ciena
Ciena Revenue by Segment
Ciena Revenue by Geographic Location
Forward Guidance
Ciena expects to continue to grow revenue faster than the market and take share by executing on its strategy to extend its market leadership in optical while expanding its opportunities in routing and switching.
Positive Outlook
- Extending market leadership in optical.
- Expanding opportunities in routing and switching.
- Growing revenue faster than the market.
- Taking market share.
- Positive demand dynamics, particularly with cloud provider customers.
Challenges Ahead
- Effect of broader economic and market conditions on customers.
- Impact of macroeconomic conditions and global supply chain constraints or disruptions.
- Level of competitive pressure.
- Changes in foreign currency exchange rates.
- Cyberattacks, data breaches or other security incidents.
Revenue & Expenses
Visualization of income flow from segment revenue to net income