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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 2022 FY 2021 FY 2020 FY 2019
IV Quarter October - 103.50 65.04 80.33
III Quarter July - 238.23 142.27 86.75
II Quarter April 38.92 103.12 91.66 52.74
I Quarter January 45.82 55.35 62.33 33.62
FY   84.74 500.20 361.30 253.44



CIEN Net Income second quarter 2022 Y/Y Growth Comment
Ciena Corp reported drop in Net Income in the second quarter 2022 by -62.26% to $ 38.92 millions, from the same quarter in 2021.
The fall in the second quarter 2022 Ciena Corp's Net Income compares unfavorably to the Company's average Net Income doubling of 136.47%.

Looking into second quarter 2022 results within Communications Equipment industry 15 other companies have achieved higher Net Income growth. While Ciena Corp' s Net Income meltdown of -62.26% ranks overall at the positon no. 2075 in the second quarter 2022.




CIEN Net Income ( Y/Y Growth %) 2022
2021 2020 2019
IV Quarter October - 59.13 % -19.03 % 25.55 %
III Quarter July - 67.45 % 64 % 70.63 %
II Quarter April -62.26 % 12.5 % 73.8 % 280.52 %
I Quarter January -17.22 % -11.2 % 85.4 % -
FY   - 38.44 % 42.56 % -

Financial Statements
Ciena's second quarter 2022 Net Income $ 38.92 millions CIEN's Income Statement
Ciena's second quarter 2021 Net Income $ 103.12 millions Quarterly CIEN's Income Statement
New: More CIEN's historic Net Income Growth >>


CIEN Net Income (Quarter on Quarter Growth %)

2022
2021 2020 2019
IV Quarter October - -56.55 % -54.28 % -7.4 %
III Quarter July - 131.02 % 55.21 % 64.49 %
II Quarter April -15.05 % 86.31 % 47.06 % 56.87 %
I Quarter January -55.73 % -14.9 % -22.41 % -47.45 %
FY (Year on Year)   - 38.44 % 42.56 % -




Net Income second quarter 2022 Y/Y Growth Company Ranking
Within: No.
Communications Equipment Industry #16
Technology Sector #196
Overall #2075

Net Income Y/Y Growth Statistics
High Average Low
2915.46 % 136.47 % -58.93 %
(Jan. 31, 2007)   (Oct. 30, 2008)
Net Income second quarter 2022 Y/Y Growth Company Ranking
Within: No.
Communications Equipment Industry #16
Technology Sector #196
Overall #2075
Net Income Y/Y Growth Statistics
High Average Low
2915.46 % 136.47 % -58.93 %
(Jan. 31, 2007)   (Oct. 30, 2008)

Net Income by Quarter for the Fiscal Years 2019, 2020, 2021, 2022

Ciena's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
1833.1 % 112.11 % -89.45 %
(Oct 31 2017)  


CIEN's II. Quarter Q/Q Net Income Comment
In the II. Quarter 2022 Ciena Corp reported fall in Net Income from the first quarter by -15.05% to $ 38.92 millions, from $ 45.82 millions declared in the previous reporting period.

Even cyclical circumstance which usually elevate II. Quarter 2022 performance, that clearly could not be sufficient to salvage CIEN's II. Quarter 2022 performance, Jose Wright, Communications Equipment industry expert based in Seattle pointed out and wrote that average sequential Net Income growth is at 112.11% for CIEN.

Within Communications Equipment industry 11 other companies have achieved higher Net Income quarter on quarter growth. While Ciena's Net Income growth quarter on quarter, overall rank is 1418.


Net Income Q/Q Growth Company Ranking
Within: No.
Communications Equipment Industry #12
Technology Sector #120
Overall #1418
Net Income Q/Q Growth Company Ranking
Within: No.
Communications Equipment Industry #12
Technology Sector #120
Overall #1418
Net Income Q/Q Growth Statistics
High Average Low
1833.1 % 112.11 % -89.45 %
(Oct 31 2017)  


CIEN's II. Quarter Q/Q Net Income Comment
In the II. Quarter 2022 Ciena Corp disclosed fall in Net Income from the previous quarter by -15.05% to $ 38.92 millions, from $ 45.82 millions declared in the previous reporting period.

Some periodic circumstance have not rescue the II. Quarter for the Ciena Corp, Jose Wright, Communications Equipment industry expert based in Seattle pointed out, he voiced some caution conserning Ciena's perspective, he sees further challenges down the road for the Communications Equipment's company and continued that average quarter on quarter Net Income growth is at 112.11% for the Communications Equipment's company.

Within Communications Equipment industry 11 other companies have achieved higher Net Income quarter on quarter growth. While Ciena's Net Income growth quarter on quarter, overall rank is 1418.


Ciena's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Apr 30 2022)
12 Months Ending
(Jan 29 2022)
12 Months Ending
(Oct 30 2021)
12 Months Ending
(Jul 31 2021)
12 Months Ending
(May 01 2021)
Cumulative Net Income 12 Months Ending $ 426.48 $ 490.67 $ 500.20 $ 461.74 $ 365.77
Y / Y Net Income Growth (TTM) 16.6 % 38.49 % 38.45 % 22.61 % 13.93 %
Year on Year Net Income Growth Overall Ranking # 1165 # 987 # 990 # 1162 # 995
Seqeuential Net Income Change (TTM) -13.08 % -1.9 % 8.33 % 26.24 % 3.24 %
Seq. Net Income Growth (TTM) Overall Ranking # 2075 # 1589 # 1078 # 727 # 1484




Cumulative Net Income growth Comment
With the quarterly Net Income reported in the Apr 30 2022 period, Ciena's cumulative twelve months Net Income were $ 426 millions, company would post below average annual Net Income growth of 3.24% year on year, if the fiscal year would end at Apr 30 2022.
A slow-down in the Ciena's Net Income growth from the 45.82% growth in Jan 29 2022.

In the Technology sector 119 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 987 to 1165.

Net Income TTM Q/Q Growth Statistics
High Average Low
2915.46 %
136.47 %
-58.93 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Communications Equipment Industry # 16
Technology Sector # 120
Overall # 1165

Net Income TTM Y/Y Growth Statistics
High Average Low
13813.95 %
782.81 %
-79.32 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 16
Sector # 196
S&P 500 # 2075
Cumulative Net Income growth Comment
With the quarterly Net Income reported in the Apr 30 2022 period, Ciena's cumulative twelve months Net Income were $ 426 millions, company would post below average annual Net Income growth of -79.32% year on year, if the fiscal year would end at Apr 30 2022.
A slow-down in the Ciena's Net Income growth from the 45.82% growth in Jan 29 2022.

In the Technology sector 119 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 987 to 1165.

Net Income TTM Q/Q Growth Statistics
High Average Low
2915.46 %
136.47 %
-58.93 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Communications Equipment Industry # 16
Technology Sector # 120
Overall # 1165

Net Income TTM Y/Y Growth Statistics
High Average Low
13813.95 %
782.81 %
-79.32 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 16
Sector # 196
S&P 500 # 2075




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 fall for the quarter ending Apr 30 2022 within Technology SectorY/Y Change %Net Income for the quarter ending Apr 30 2022
Hewlett Packard Enterprise Co-3.47%$ -3.475 millions
Thermo Fisher Scientific Inc -5.01%$ -5.006 millions
Skyworks Solutions Inc -5.91%$ -5.908 millions
Autodesk Inc.-6.17%$ -6.170 millions
Teradyne Inc -21.21%$ -21.208 millions
Plexus Corp -35.66%$ -35.663 millions
Nortonlifelock Inc.-38.14%$ -38.144 millions
Vmware Inc.-43.06%$ -43.059 millions
Verint Systems Inc-47.53%$ -47.532 millions
Zoom Video Communications Inc.-50.02%$ -50.023 millions
Gates Industrial Corporation Plc-51.18%$ -51.178 millions
Perkinelmer Inc-53.35%$ -53.346 millions
Zedge Inc.-67.21%$ -67.211 millions
Coda Octopus Group Inc.-72.31%$ -72.313 millions
Mercury Systems Inc -73.53%$ -73.527 millions
Western Digital Corporation-87.31%$ -87.310 millions
Lumentum Holdings Inc -88.44%$ -88.441 millions
R F Industries Ltd-89.62%$ -89.618 millions
Aviat Networks Inc -93.64%$ -93.636 millions
Salesforce Inc.-94.03%$ -94.030 millions


       
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