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

Ciena Growth Comparisons

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CIEN Revenue Growth Rate Comparisons Company Industry Sector S&P 500
Y / Y Revenue Growth (Q2 MRQ) 23.03 % -11.17 % -1.06 % -2.26 %
Q / Q Revenue Growth (Q2 MRQ) -5.72 % -1.56 % - 1.38 %
Y / Y Revenue Growth (for 12 months ending Q2 TTM) 14.18 % -0.79 % - %
Seq. Revenue Growth (for 12 months ending Q2 TTM) 4.96 % -2.83 % - -0.57 %
Revenue 5 Year Average Growth 5.33 % 13.11 % 13.59 % 11.17 %


CIEN's Growth Comparisons in III. Quarter 2023




Facing 23.03% year on year sales decrease in the third quarter 2023, to $ 1.07 billions, Ciena reported smaller declines than the Consumer Electronics industry with -11.17%, and less than -1.06% decrease in the Technology sector. Although Consumer Electronics industry's Sales gains were softer then -2.26% overall market growth, Ciena Corp and the Technology sector have delivered above average market Sales growth.

Top-line fell by -5.72% from the second quarter. Average annual sales growth for Ciena is 5.33%, while S & P 500's average yearly sales increase is 11.17%, including only Businesses with the third quarter 2023 financial results.


Growth Rates of CIEN's Income in the third quarter 2023


CIEN Operating Income Growth Rates Comparisons Company Industry Sector S&P 500
Y / Y Operating Income Change (Q2 MRQ) 188.54 % -47.12 % 7.77 % -12.32 %
Seq. Operating Income Change (Q2 MRQ) -23.93 % -1.8 % 9.48 % -4.02 %
Y / Y Operating Income Growth (Q2 TTM) 21.4 % -32.89 % -9.97 % -6.12 %
Seq. Operating Income Growth (Q2 TTM) 17.48 % -16.08 % 1.92 % -3.37 %
Operating Income 5 Year Avg. Change 0.74 % 32.14 % 16.97 % 10.96 %


Income from Cont. Ops. Growth Rates Comparisons Company Industry Sector S&P 500
Y / Y Income from Cont. Ops. Change (Q2 MRQ) 182.85 % -47.85 % 13.08 % -11.56 %
Seq. Income from Cont. Ops. Change (Q2 MRQ) -48.43 % 1.94 % 17.98 % -5.78 %
Y / Y Income from Cont. Ops. Change (Q2 TTM) 11.33 % -37.86 % -17.87 % -8.19 %
Seq. Income from Cont. Ops. Change (Q2 TTM) 9.51 % -16.7 % 3.39 % -3.21 %
Income from Cont. Ops. 5 Year Avg. Change -34.43 % 44.57 % 17.48 % 3.01 %

CIEN Net Income Growth Rates Comparisons Company Industry Sector S&P 500
Y / Y Net Income Growth (Q2 MRQ) 182.85 % -45.98 % 8.94 % -9.71 %
Q / Q Net Income Growth (Q2 MRQ) -48.43 % -37.7 % 16.58 % -4.19 %
Y / Y Net Income Change (Q2 TTM) 11.33 % -28.44 % -18.52 % -8.09 %
Seq. Net Income Change (Q2 TTM) 9.51 % -14.32 % 2.4 % -2.71 %
Net Income 5 Year Avg. Growth -34.43 % 44.15 % 17.89 % 3.29 %

CIEN's EPS Growth Rates


EPS from Cont. Ops. Growth Rates Comparisons Company Industry Sector S&P 500
Y / Y EPS from Cont. Ops. Change (Q2 MRQ) 185.71 % -50.5 % 13.08 % -11.56 %
Seq. EPS from Cont. Ops. Change (Q2 MRQ) -48.72 % -6.01 % 17.98 % -5.78 %
Y / Y EPS from Cont. Ops. Change (Q2 TTM) 14.78 % - - -
Seq. EPS from Cont. Ops. Change (Q2 TTM) 9.57 % -27.36 % - 31430.03 %
EPS from Cont. Ops. 5 Year Avg. Growth -35.27 % 6.38 % 17.48 % 3.01 %



CIEN EPS Net Growth Rates Comparisons Company Industry Sector S&P 500
Y / Y EPS Net Growth (Q2 MRQ) 185.71 % -48.73 % 8.94 % -9.71 %
Q / Q EPS Net Growth (Q2 MRQ) -47.37 % -42.56 % 16.58 % -4.19 %
Y / Y EPS Net Change (for 12 months ending Q2 TTM) - - - 22087.25 %
Seq. EPS Net Change (for 12 months ending Q2 TTM) 9.65 % -27.26 % - 27017.19 %
EPS Net 5 Year Avg. Change - 44.15 % 17.89 % 3.29 %



Despite the -48.73% decline in Consumer Electronics industry, Ciena showed impressive surge in EPS in the third quarter by 185.71% from the same quarter a year ago, to $0.20, Technology sector grew 8.94%. Although Consumer Electronics industry's earnings per share were softer then -9.71% overall market growth, Ciena Corp and the Technology sector have delivered above the average market earnings per share.

Bottom-line fell by -47.37% from the second quarter results. Comparing the annual growth, income per share of 5.33% on average in last five years, to the S & P 500's, including only Businesses with the third quarter 2023 earnings, average yearly income per share growth is 3.29%. Ciena grew faster than the market.

CIEN Cash Flow Growth Rates


Free Cash Flow Growth Rates Company Industry Sector S&P 500
Y / Y Free Cash Flow Change (Q2 MRQ) - 17.67 % 21.16 % -22.16 %
Seq. Free Cash Flow Change (Q2 MRQ) -96.22 % 114.79 % 36.35 % 99.32 %
Y / Y Free Cash Flow Change (Q2 TTM) - -6.64 % -9.14 % -12.78 %
Seq. Free Cash Flow Change (Q2 TTM) - 1.44 % 5.44 % -8.39 %
Free Cash Flow 5 Year Avg. Change - 17.51 % 15.13 % 23.39 %

Net Cash Flow Growth Rates Company Industry Sector S&P 500
Y / Y Net Cash Flow Change (Q2 MRQ) - - - -
Seq. Net Cash Flow Change (Q2 MRQ) - - -32.46 % -
Y / Y Net Cash Flow Change (Q2 TTM) - - - -
Seq. Net Cash Flow Change (Q2 TTM) - - - -
Net Cash Flow 5 Year Avg. Change - -7.48 % -1.94 % 49.76 %

Capital Expenditures Company Industry Sector S&P 500
Y / Y Capital Expenditures Change (Q2 MRQ) 17.22 % -15.46 % 1.65 % 11.98 %
Seq. Capital Expenditures Change (Q2 MRQ) -9.34 % -51.67 % 44.93 % 4.82 %
Y / Y Capital Expenditures Change (Q2 TTM) 35.57 % -34.18 % -33.53 % -28.06 %
Seq. Capital Expenditures Change (Q2 TTM) 3.6 % -9.23 % 0.6 % -13.96 %
Capital Expenditures 5 Year Avg. Change -0.81 % 29.94 % 16.24 % 8.97 %

Note
To view Detail Information & Trends click on Individual Category.
To see Industry, Sector or S&P 500 Performance, click on each Category respectivly, on the top of the Table.

For explanation of terms visit: Glossary
 







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