NYSE$CIEN

Ciena Corp · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Ciena reported solid revenue and profitability despite challenging market conditions, leveraging innovation for long-term growth.

Ciena's fiscal first quarter 2021 results showed a revenue of $757.1 million and a net income per share of $0.35 GAAP and $0.52 non-GAAP. The company faced challenging market conditions but maintained a strong market position.

  • Delivered solid revenue and profitability in the first fiscal quarter.
  • Maintained strong market position despite challenging market conditions.
  • Leveraged innovation leadership and competitive advantage for long-term growth.
  • Repurchased approximately 0.3 million shares of common stock for $13.2 million during the quarter.

Headline financials

Total Revenue

$757M

Previous: $833M-9.1%
EPS (adj)

$0.52

Previous: $0.52+0.0%
Inventory Turns

3.2

Previous: 4.5-28.9%
Days Sales Outstanding

93

Previous: 80+16.3%
Capital Expenditures

-$20.9M

Previous: -$26.8M+22.2%
Free Cash Flow

-$28.2M

Previous: $12.9M-317.8%
Net Income

$55.3M

Previous: $62.3M-11.2%
Operating Income

$75.8M

Previous: $78M-2.8%
Gross Profit

$358M

Previous: $371M-3.4%
Cash & Equivalents

$1.03B

Previous: $837M+22.9%
Total Assets

$4.19B

Previous: $3.83B+9.3%
Stock-Based Comp

$19M

Previous: $15.6M+21.5%

Revenue & EPS history

Ciena · Revenue · Quarterly

$757M

Q1 2021-9.1%vs Q1 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Ciena · $757M total across 7 segments · Q1 2021

  • Optical Networking
    $512M-13.4%
  • Maintenance, Support, and Learning
    $67.6M+9.4%
  • Routing and Switching
    $64.3M-4.7%
  • Platform Software and Services
    $49.9M-3.9%
  • Implementation
    $39.6M+13.5%
  • Blue Planet Automation Software and Services
    $16.9M+9.0%
  • Advisory and Enablement
    $6.5M-33.7%

Forward guidance

Ciena's management will host a discussion with investors and financial analysts that will include the Company's outlook.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+1.5%

Avg return

Earnings day

+1.2%

Avg return

5 days after

+3.7%

Avg return

30 days after

51%

35 / 69 earnings

Positive

+26.1%

Q2 2019

Best reaction

-26.3%

Q3 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-13.8%-29.5%
Q1 2026-12.9%-1.8%+30.3%
Q4 2025+9.4%-5.4%+3.9%
Q3 2025+22.8%+28.9%+59.7%
Q2 2025-0.4%+1.0%+15.0%
Q1 2025-2.4%-2.6%-10.9%
Q4 2024+22.6%+20.4%+12.3%
Q3 2024-5.3%-7.0%+20.5%
Q2 2024-5.2%-4.8%-3.0%
Q1 2024-12.4%-16.9%-23.2%
Q4 2023-3.1%-4.8%+1.5%
Q3 2023+12.3%+11.1%+9.5%
Q2 2023-8.9%-12.9%-10.8%
Q1 2023+0.8%+0.9%+5.6%
Q4 2022+17.4%+17.0%+18.9%
Q3 2022-12.8%-15.8%-20.3%
Q2 2022-5.1%-5.3%-11.1%
Q1 2022-11.7%-16.6%-11.8%
Q4 2021+17.9%+18.9%+17.4%
Q3 2021+0.1%-2.2%-8.2%
Q2 2021+10.3%+11.1%+6.5%
Q1 2021-2.0%-0.2%+11.9%
Q4 2020+1.3%+2.9%+12.2%
Q3 2020-26.3%-29.9%-33.2%
Q2 2020-3.6%-2.2%-5.4%
Q1 2020-1.3%-2.6%-3.1%
Q4 2019+16.9%+15.5%+17.6%
Q3 2019-4.1%-3.8%-8.7%
Q2 2019+26.1%+22.7%+19.8%
Q1 2019-6.6%-8.9%-12.4%
Q4 2018+7.5%+3.2%+14.1%
Q3 2018+15.6%+17.4%+14.4%
Q2 2018-2.7%+0.2%+10.2%
Q1 2018+13.2%+15.8%+8.8%
Q4 2017-1.1%+1.9%+1.7%
Q3 2017-9.1%-10.6%-9.5%
Q2 2017+17.1%+13.1%+6.6%
Q1 2017-9.5%-11.1%-16.1%
Q4 2016+14.2%+10.6%+12.0%
Q3 2016+6.7%+7.1%+1.6%
Q2 2016+18.4%+22.5%+4.0%
Q1 2016-16.6%
Q4 2015-17.8%
Q3 2015+0.1%
Q2 2015+2.3%
Q1 2015+2.2%
Q4 2014+6.8%
Q3 2014-5.3%
Q2 2014+17.1%
Q1 2014-5.2%
Q4 2013-5.4%
Q3 2013+13.9%
Q2 2013+21.1%
Q1 2013+14.8%
Q4 2012+0.9%
Q3 2012-18.2%
Q2 2012+6.7%
Q1 2012+10.0%
Q4 2011+7.3%
Q3 2011-8.6%
Q2 2011-6.2%
Q1 2010+2.5%
Q1 2011-1.9%
Q2 2010-5.0%
Q4 2008-5.0%
Q4 2010-5.0%
Q3 2010+3.6%
Q4 2009+3.6%
Q3 2009+3.6%

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