Ciena Corp (CIEN) Reports Mixed Fiscal Q1 2024 Results Amid Inventory Challenges [Yahoo! Finance]
Ciena Corporation (CIEN)
Last ciena corporation earnings: 3/5 07:00 am
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Source: Yahoo! Finance
Net Income: GAAP net income was $49.5 million ($0.34 per share), down from $76.2 million ($0.51 per share) in Q1 2023. Adjusted Net Income: Non-GAAP adjusted net income increased marginally to $96.8 million ($0.66 per share) from $95.6 million ($0.64 per share). Gross Margin: GAAP gross margin improved to 45.0% from 43.2%, and non-GAAP adjusted gross margin increased to 45.7% from 43.7%. Operating Margin: GAAP operating margin remained stable at 8.2%, while non-GAAP adjusted operating margin rose to 13.2% from 12.6%. Cash Flow: Cash flow from operations was robust at $266.1 million. Share Repurchases: Ciena repurchased approximately 691 thousand shares for $32.0 million during the quarter. Warning! GuruFocus has detected 8 Warning Signs with CIEN. On March 7, 2024, Ciena Corp ( NYSE:CIEN ), a leading network systems, services, and software company, released its 8-K filing , detailing the financial results for its fiscal first quarter ended January 27, 2024. The company,
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CIEN
News
- Data Center Interconnect Market size worth $ 30.2 Billion, Globally, by 2031 at 14.98% CAGR – Report By Verified Market Research® [Yahoo! Finance]Yahoo! Finance
- HSPnet Launches High Capacity B3JS and BDMCS Networks [Yahoo! Finance]Yahoo! Finance
- HSPnet Launches High Capacity B3JS and BDMCS NetworksBusiness Wire
- Ciena Co. (NYSE: CIEN) is now covered by analysts at Citigroup Inc.. They set a "sell" rating and a $44.00 price target on the stock.MarketBeat
- Ciena Co. (NYSE: CIEN) is now covered by analysts at BNP Paribas. They set an "outperform" rating and a $57.00 price target on the stock.MarketBeat
CIEN
Earnings
- 3/7/24 - Beat
CIEN
Sec Filings
- 4/23/24 - Form 8-K
- 4/18/24 - Form S-8
- 4/17/24 - Form 4
- CIEN's page on the SEC website