earnings
confidence high
sentiment neutral
materiality 0.75
Ciena Q2 revenue $949M (+14% YoY); GAAP EPS $0.25, adj. EPS $0.50; supply constraints
CIENA CORP
2022-Q2 EPS reported
$0.55
revenue$1,793,670,000
- Revenue $949.2M, up 13.8% YoY; GAAP net income $38.9M ($0.25 EPS) vs $103.1M ($0.66 EPS) YoY.
- Adjusted (non-GAAP) EPS $0.50, down from $0.62 YoY; adjusted gross margin 43.0%, down 620 bps.
- Strong order flow and backlog growth; near-term performance dependent on component availability.
- Repurchased ~1.5M shares for $87M during quarter; cash and investments $1.6B.
- Cash from operations $105.8M; DSOs 87 days; inventory $536.9M.