Ciena Q4 revenue up 25.7% YoY to $1.04B; adjusted EPS $0.85, +41.7%; authorizes $1B buyback

CIENA CORP

2021-FY EPS reported $3.19 revenue$3,620,684,000

Revenue of $1.0415B, up 25.7% YoY; full-year revenue $3.62B, up 2.5%.
GAAP net income $103.5M ($0.66/diluted share); adjusted net income $132.7M ($0.85/diluted share).
Board authorized repurchase of up to $1.0B of common stock, replacing prior program; intends $250M accelerated share repurchase.
Cash flow from operations $254.9M in Q4; cash and investments $1.7B.
Networking Platforms revenue $828.8M, 79.6% of total; Americas revenue $748.7M (71.9% of total).

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