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Ciena Corp  (CIEN)
Other Ticker:  
 
    Sector  Technology    Industry Communications Equipment
 

CIEN's Net Income Growth by Quarter and Year

Ciena's Net Income results by quarter and year




CIEN Net Income (in millions $) FY 2021 FY 2020 FY 2019 FY 2018
IV Quarter October - 65.04 80.33 63.98
III Quarter July - 142.27 86.75 50.84
II Quarter April - 91.66 52.74 13.86
I Quarter January 55.35 62.33 33.62 -473.36
FY   55.35 361.30 253.44 -344.68



CIEN Net Income first quarter 2021 Y/Y Growth Comment
Ciena Corp reported fall in Net Income in the first quarter by -11.2% to $ 55.35 millions, from the same quarter in 2020.
The decline in the first quarter Ciena Corp's Net Income compares unfavorably to the Company's average Net Income doubling of 160.9%.

Looking into first quarter results within Communications Equipment industry 13 other companies have achieved higher Net Income growth. While Ciena Corp' s Net Income decrease of -11.2% ranks overall at the positon no. 1130 in the first quarter.




CIEN Net Income ( Y/Y Growth %) 2021
2020 2019 2018
IV Quarter October - -19.03 % 25.55 % -94.48 %
III Quarter July - 64 % 70.63 % -15.28 %
II Quarter April - 73.8 % 280.52 % -63.56 %
I Quarter January -11.2 % 85.4 % - -
FY   - 42.56 % - -

Financial Statements
Ciena's first quarter 2021 Net Income $ 55.35 millions CIEN's Income Statement
Ciena's first quarter 2020 Net Income $ 62.33 millions Quarterly CIEN's Income Statement
New: More CIEN's historic Net Income Growth >>


CIEN Net Income (Quarter on Quarter Growth %)

2021
2020 2019 2018
IV Quarter October - -54.28 % -7.4 % 25.85 %
III Quarter July - 55.21 % 64.49 % 266.81 %
II Quarter April - 47.06 % 56.87 % -
I Quarter January -14.9 % -22.41 % -47.45 % -
FY (Year on Year)   - 42.56 % - -




Net Income first quarter 2021 Y/Y Growth Company Ranking
Within: No.
Communications Equipment Industry #14
Technology Sector #116
Overall #1130

Net Income Y/Y Growth Statistics
High Average Low
2915.46 % 160.9 % -58.93 %
(Jan. 31, 2007)   (Oct. 30, 2008)
Net Income first quarter 2021 Y/Y Growth Company Ranking
Within: No.
Communications Equipment Industry #14
Technology Sector #116
Overall #1130
Net Income Y/Y Growth Statistics
High Average Low
2915.46 % 160.9 % -58.93 %
(Jan. 31, 2007)   (Oct. 30, 2008)

Net Income by Quarter for the Fiscal Years 2018, 2019, 2020, 2021

Ciena's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
1833.1 % 130.93 % -89.45 %
(Oct 31 2017)  


CIEN's I. Quarter Q/Q Net Income Comment
In the I. Quarter 2021 Ciena Corp realized drop in Net Income from the forth quarter by -14.9% to $ 55.35 millions, from $ 65.04 millions released in the previous reporting period.

If you evaluate present downturn at the I. Quarter, you suppose to assume, that frequently I. Quarter 2021 results appear to be softer in contrast to the quarter before

Within Communications Equipment industry 16 other companies have achieved higher Net Income quarter on quarter growth. While Ciena's Net Income growth quarter on quarter, overall rank is 1194.


Net Income Q/Q Growth Company Ranking
Within: No.
Communications Equipment Industry #17
Technology Sector #141
Overall #1194
Net Income Q/Q Growth Company Ranking
Within: No.
Communications Equipment Industry #17
Technology Sector #141
Overall #1194
Net Income Q/Q Growth Statistics
High Average Low
1833.1 % 130.93 % -89.45 %
(Oct 31 2017)  


CIEN's I. Quarter Q/Q Net Income Comment
In the I. Quarter 2021 Ciena Corp reported drop in Net Income from the previous quarter by -14.9% to $ 55.35 millions, from $ 65.04 millions declared in the previous reporting period.

As we look into present shortcoming in the quarter, we should presume, that commonly I. Quarter performance appear to be softer in contrast to the preciding period, Lucy  Walker, Technology sector researcher mentioned.

Within Communications Equipment industry 16 other companies have achieved higher Net Income quarter on quarter growth. While Ciena's Net Income growth quarter on quarter, overall rank is 1194.


Ciena's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Jan 30 2021)
12 Months Ending
(Oct 31 2020)
12 Months Ending
(Aug 01 2020)
12 Months Ending
(May 02 2020)
12 Months Ending
(Jan 31 2020)
Cumulative Net Income 12 Months Ending $ 354.31 $ 361.29 $ 376.58 $ 321.06 $ 282.15
Y / Y Net Income Growth (TTM) 25.58 % 42.56 % 58.84 % 59.6 % 73.85 %
Year on Year Net Income Growth Overall Ranking # 610 # 425 # 298 # 335 # 294
Seqeuential Net Income Change (TTM) -1.93 % -4.06 % 17.29 % 13.79 % 11.33 %
Seq. Net Income Growth (TTM) Overall Ranking # 1342 # 1383 # 1381 # 722 # 1315




Cumulative Net Income growth Comment
With the quarterly Net Income reported in the Jan 30 2021 period, Ciena's cumulative twelve months Net Income were $ 354 millions, company would post below average annual Net Income growth of 11.33% year on year, if the fiscal year would end at Jan 30 2021.
A slow-down in the Ciena's Net Income growth from the 65.04% growth in Oct 31 2020.

In the Technology sector 80 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 425 to 610.

Net Income TTM Q/Q Growth Statistics
High Average Low
2915.46 %
160.9 %
-58.93 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Communications Equipment Industry # 16
Technology Sector # 81
Overall # 610

Net Income TTM Y/Y Growth Statistics
High Average Low
13813.95 %
963 %
-79.32 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 16
Sector # 140
S&P 500 # 1342
Cumulative Net Income growth Comment
With the quarterly Net Income reported in the Jan 30 2021 period, Ciena's cumulative twelve months Net Income were $ 354 millions, company would post below average annual Net Income growth of -79.32% year on year, if the fiscal year would end at Jan 30 2021.
A slow-down in the Ciena's Net Income growth from the 65.04% growth in Oct 31 2020.

In the Technology sector 80 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 425 to 610.

Net Income TTM Q/Q Growth Statistics
High Average Low
2915.46 %
160.9 %
-58.93 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Communications Equipment Industry # 16
Technology Sector # 81
Overall # 610

Net Income TTM Y/Y Growth Statistics
High Average Low
13813.95 %
963 %
-79.32 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 16
Sector # 140
S&P 500 # 1342




Other Net Income Growth
Communications Equipment Industry Net Income Growth Trends and Statistics
Technology Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
CIEN's Net Income Growth Ratio versus Communications Equipment Industry, Technology Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for CIEN's Competitors
Net Income Growth for Ciena's Suppliers
Net Income Growth for CIEN's Customers

You may also want to know
CIEN's Annual Growth Rates CIEN's Profitability Ratios CIEN's Asset Turnover Ratio CIEN's Dividend Growth
CIEN's Roe CIEN's Valuation Ratios CIEN's Financial Strength Ratios CIEN's Dividend Payout Ratio
CIEN's Roa CIEN's Inventory Turnover Ratio CIEN's Growth Rates CIEN's Dividend Comparisons



Companies with similar Net Income drop for the quarter ending Jan 30 2021 within Technology SectorY/Y Change %Net Income for the quarter ending Jan 30 2021
Ciena Corp-11.20%$ -11.199 millions
Cisco Systems Inc -11.57%$ -11.571 millions
Seagate Technology Plc-11.95%$ -11.950 millions
Coda Octopus Group Inc -16.18%$ -16.182 millions
American Software Inc -29.67%$ -29.671 millions
Hewlett Packard Enterprise Co-33.03%$ -33.033 millions
Astronova Inc -49.98%$ -49.981 millions
Veeva Systems Inc -63.68%$ -63.679 millions
Intuit Inc-91.67%$ -91.667 millions
Nortonlifelock Inc -93.74%$ -93.743 millions


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