Ciena Q1 revenue $1.04B, down 1.8% YoY; GAAP EPS $0.34, adjusted EPS $0.66

CIENA CORP

2024-Q1 EPS reported $0.34 revenue$1,037,709,000

Revenue of $1.037B, down 1.8% YoY from $1.056B; GAAP net income $49.5M ($0.34/shr) vs $76.2M ($0.51/shr) prior year.
Adjusted (non-GAAP) net income $96.8M ($0.66/shr) vs $95.6M ($0.64/shr); adjusted gross margin 45.7% up from 43.7%.
Cash from operations $266.1M; cash and investments $1.48B; repurchased 691K shares for $32M during quarter.
CEO notes service provider inventory digestion taking longer than expected, but remains confident in long-term bandwidth demand.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CIENA CORP reported fiscal first quarter ended January 27, 2024 results: revenue $1.04 billion, EPS $0.34 GAAP; $0.66 adjusted (non-GAAP).

Period: fiscal first quarter ended January 27, 2024
Revenue: $1.04 billion
EPS: $0.34 GAAP; $0.66 adjusted (non-GAAP)
Result: reported results

Exact text from the filing

CIEN), a networking systems, services and software company, today announced unaudited financial results for its fiscal first quarter ended January 27, 2024. • Q1 Revenue : $1.04 billion • Q1 Net Income per Share: $0.34 GAAP; $0.66 adjusted (non-GAAP) • Share Repurchases: Repurchased approximately 691 thousand shares of common stock for an aggregate price of

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51 earnings releases filed in the last 30 days. Browse all earnings releases →

CIENA CORP filing history →

Source: SEC EDGAR

accession 0000936395-24-000006

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