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Ciena Corp  (CIEN)
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    Sector  Technology    Industry Consumer Electronics
   Industry Consumer Electronics
   Sector  Technology


 

Ciena Corp

CIEN's Financial Statements and Analysis



Ciena Corp reported in the first quarter of 2024 net earnings per share of $0.34 a decrease by -33.33 % year on year from $0.51 and decline of -45.01 % from $0.62 earned in IV. Quarter (Oct 28 2023).


first quarter of 2024
Earnings Per Share Revenues
$ 0.34 $  1,038 Mill
$-0.17     -33.33 % $-19M     -1.78 %



Ciena's Revenue fell by -1.78 % in first quarter of 2024 (Jan 27 2024) year on year, to $1,038 million and declined by -8.13 % sequentially.


Ciena is

More on CIEN's Income Statement



Ciena's net income of $49.547 million in the first quarter of 2024 decreased by -35.01 % from net earnings of $76.241 million achieved in I. Quarter a year ago.

Sequentially net earnings fell by -45.67 % from net income of $91.199 million realized in previous quarter.

More on CIEN's Growth



Ciena Inventories
Inventories declined by -16.4 % to $984.89 million from I. Quarter a year ago, sequentially inventories fell by -6.28 %. CIEN's Cash flow In the first quarter of 2024 company's net cash flow was $254 million, capital expenditures grew by -30.03-44.73%, to $-17 millions compare to same quarter a year ago

More on CIEN's Cash flow Statement


Ciena Corp does not pay out common stock dividend.

In trailing twelve-month period Ciena Corp earned $ 4.80 cash per share, on a free-cash flow basis 311.68 % of net earning per share.

Book value grew by 4.87 % sequentially to $20.04 per share, 69.3% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 15.65 per share from $ 14.75.

Company repurchased 3.17 million shares or 2.13 % in Jan 27 2024.
Interest Coverage Ratio was 4.06. Debt Coverage Ratio was 0.25.

More on CIEN's Dividends

 Market Capitalization (Millions) 7,219
 Shares Outstanding (Millions) 146
 Total Debt (Millions $) 1,555
 Revenue (TTM) (Millions $) 4,368
 Net Income (TTM) (Millions $) 228
 Cash Flow (TTM) (Millions $) 210
 Capital Exp. (TTM) (Millions $) -93
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ 5,161




Ciena Corp does not pay out common stock dividend.

In trailing twelve-month period Ciena Corp had $ 4.80 cash flow per share, on a free-cash flow basis 311.68 % of net earning per share.

Book value grew by 4.87 % sequentially to $20.04 per share, 69.3% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 15.65 per share from $ 14.75.

Company repurchased 3.17 million shares or 2.13 % in Jan 27 2024.
Interest Coverage Ratio was 4.06. Debt Coverage Ratio was 0.25.

More on CIEN's Balance Sheets

 Market Capitalization (Millions) 7,219
 Shares Outstanding (Millions) 146
 Total Debt (Millions $) 1,555
 Revenue (TTM) (Millions $) 4,368
 Net Income (TTM) (Millions $) 228
 Cash Flow (TTM) (Millions $) 210
 Capital Exp. (TTM) (Millions $) -93
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ 5,161
   


  News about Ciena Corp Earnings

Ciena Corp's Stock Surges Despite Slender Top-Line Decline

Ciena Corp, a leading provider of networking equipment and services, has experienced a recent increase in its stock value, which is indicative of the company's positive performance. Over the past year, the stock has seen a 3.57% increase, and in the past 90 days, the share price has risen by 13.03%. Additionally, Ciena Corp's stock is currently trading 13.4% above its 52-week average on the New York Stock Exchange.
However, the company's recently announced financial results for the fiscal first quarter of 2024 show a decline in earnings per share by -33.33%, dropping to $0.34, and a decrease in revenue by -1.781% to $1.04 billion compared to the previous year's first quarter. In contrast, the overall Con...

Ciena Corp's Astonishing Surge: Unveiling Double-Digit Revenue Spike in Fourth Quarter 2023



Ciena Corp, a leading consumer electronics company, recently released its financial results for the fiscal interval ending October 28, 2023. The company experienced significant growth in revenue, profitability, and earnings, painting a positive picture for its future prospects. However, despite these positive developments, Ciena Corp's stock has been declining, and its year-to-date performance remains negative. This article will analyze the financial results and discuss the potential impact on the company's future operations.
1. Revenue Growth:
In the fiscal interval ending October 28, 2023, Ciena Corp achieved a remarkable increase in revenue. The company reported $1.13 billion in revenue,...

Ciena Corp's Outstanding Evolution Shines in May to July 2023 Interval with Surprising Q3 Earnings and Revenue Growth

Ciena Corp Surprises with Impressive Q3 Earnings and Revenue Growth
CIEN, the leading Consumer Electronics company, has set itself apart from the rest of the industry with its exceptional financial performance in the third quarter of 2023. The company reported a remarkable year-on-year increase in earnings per share (EPS) of 185.71% to $0.20 per share, displaying its resilience and ability to adapt to rapidly evolving market conditions.
What truly caught investors' attention was the substantial growth in revenue, which surged by 23.031% to reach an impressive $1.07 billion. This is particularly significant considering the broader Consumer Electronics sector experienced a concerning 16.27% reduction i...

Ciena Corp Displays Sophisticated Upward Trajectory in Recent Fiscal Period

The financial results of Ciena Corp in the most recent fiscal period were positive, highlighted by a significant increase in revenue and the bottom-line. The company reported a revenue of $1.13 billion, which represents a 19.324% year-on-year increase and a 7.206% quarter-on-quarter growth. However, sequentially, the company's income faded by -25.49%. Despite this, the net income of Ciena Corp increased by 48.13% from $38.922 million in the February to April 29, 2022 period to $57.654 million in the February to April 29, 2023 period.
Additionally, Ciena Corp emphasized its improving profit margins, with the net margin rising to 5.09% in the February to April 29, 2023 period, and operating margin slightly...


Date modified: 2024-03-08T14:42:17+00:00





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