Ciena 4Q Revenue, Net Income Decline

Dow Jones

Dec 12, 2024

By Denny Jacob

Ciena posted a decline in revenue and net income in its latest quarter.

The networking-systems and software company logged net income of $37 million, or 25 cents a share, for the fourth quarter ended Nov. 2, down from $91.2 million, or 62 cents a share, a year earlier.

Stripping out one-time items, earrings came in at 54 cents a share, below analysts' estimates of 60 cents a share.

Revenue edged down to $1.12 billion from $1.13 billion. Analysts polled by FactSet expected $1.1 billion.

Networking platforms, the segment which accounts for nearly three-fourths of all revenue, saw its revenue rise more than 4% to $779.6 million from $748 million.

"As cloud and AI drive bandwidth demand across the network, we are positioned for accelerated revenue growth and market share expansion moving forward," said Chief Executive Gary Smith.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

December 12, 2024 07:26 ET (12:26 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

LOGIN / SIGN UP

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2490071698"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2490071698\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2490071698?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-12 20:26","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2490071698","market":"sh","top_or_hot":-1,"title":"Ciena 4Q Revenue, Net Income Decline","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Denny Jacob \n</p>\n<pre>\n \n</pre>\n<p>\n  Ciena posted a decline in revenue and net income in its latest quarter. \n</p>\n<p>\n  The networking-systems and software company logged net income of $37 million, or 25 cents a share, for the fourth quarter ended Nov. 2, down from $91.2 million, or 62 cents a share, a year earlier. \n</p>\n<p>\n  Stripping out one-time items, earrings came in at 54 cents a share, below analysts' estimates of 60 cents a share. \n</p>\n<p>\n  Revenue edged down to $1.12 billion from $1.13 billion. Analysts polled by FactSet expected $1.1 billion. \n</p>\n<p>\n  Networking platforms, the segment which accounts for nearly three-fourths of all revenue, saw its revenue rise more than 4% to $779.6 million from $748 million. \n</p>\n<p>\n  \"As cloud and AI drive bandwidth demand across the network, we are positioned for accelerated revenue growth and market share expansion moving forward,\" said Chief Executive Gary Smith. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Denny Jacob at denny.jacob@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 12, 2024 07:26 ET (12:26 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ciena 4Q Revenue, Net Income Decline</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCiena 4Q Revenue, Net Income Decline\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-12-12 20:26</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Denny Jacob \n</p>\n<pre>\n \n</pre>\n<p>\n  Ciena posted a decline in revenue and net income in its latest quarter. \n</p>\n<p>\n  The networking-systems and software company logged net income of $37 million, or 25 cents a share, for the fourth quarter ended Nov. 2, down from $91.2 million, or 62 cents a share, a year earlier. \n</p>\n<p>\n  Stripping out one-time items, earrings came in at 54 cents a share, below analysts' estimates of 60 cents a share. \n</p>\n<p>\n  Revenue edged down to $1.12 billion from $1.13 billion. Analysts polled by FactSet expected $1.1 billion. \n</p>\n<p>\n  Networking platforms, the segment which accounts for nearly three-fourths of all revenue, saw its revenue rise more than 4% to $779.6 million from $748 million. \n</p>\n<p>\n  \"As cloud and AI drive bandwidth demand across the network, we are positioned for accelerated revenue growth and market share expansion moving forward,\" said Chief Executive Gary Smith. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Denny Jacob at denny.jacob@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 12, 2024 07:26 ET (12:26 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CIEN","symbol_name":"Ciena科技","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2490071698","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490071698","pubTimestamp":1734006360,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Ciena posted a decline in revenue and net income in its latest quarter.The networking-systems and software company logged net income of $37 million, or 25 cents a share, for the fourth quarter ended Nov. 2, down from $91.2 million, or 62 cents a share, a year earlier.Stripping out one-time items, earrings came in at 54 cents a share, below analysts' estimates of 60 cents a share.Revenue edged down to $1.12 billion from $1.13 billion. Analysts polled by FactSet expected $1.1 billion.Networking platforms, the segment which accounts for nearly three-fourths of all revenue, saw its revenue rise more than 4% to $779.6 million from $748 million.\"As cloud and AI drive bandwidth demand across the network, we are positioned for accelerated revenue growth and market share expansion moving forward,\" said Chief Executive Gary Smith.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"CIEN":"Ciena科技"},"translate_title":"Ciena第四季度营收、净利润下降","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CIEN":1},"content_text":"By Denny Jacob \n\n\n \n\n\n  Ciena posted a decline in revenue and net income in its latest quarter. \n\n\n  The networking-systems and software company logged net income of $37 million, or 25 cents a share, for the fourth quarter ended Nov. 2, down from $91.2 million, or 62 cents a share, a year earlier. \n\n\n  Stripping out one-time items, earrings came in at 54 cents a share, below analysts' estimates of 60 cents a share. \n\n\n  Revenue edged down to $1.12 billion from $1.13 billion. Analysts polled by FactSet expected $1.1 billion. \n\n\n  Networking platforms, the segment which accounts for nearly three-fourths of all revenue, saw its revenue rise more than 4% to $779.6 million from $748 million. \n\n\n  \"As cloud and AI drive bandwidth demand across the network, we are positioned for accelerated revenue growth and market share expansion moving forward,\" said Chief Executive Gary Smith. \n\n\n \n\n\n  Write to Denny Jacob at denny.jacob@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 12, 2024 07:26 ET (12:26 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}