NYSE$CIEN
Ciena Corp · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Ciena delivered outstanding financial results, demonstrating continued innovation and market leadership amidst an uncertain macro environment.
Ciena reported revenue of $976.7 million for the fiscal third quarter 2020, a 1.7% increase year over year. GAAP net income was $142.3 million, or $0.91 per diluted common share, compared to $86.7 million, or $0.55 per diluted common share, for the fiscal third quarter 2019. Adjusted (non-GAAP) net income was $166.4 million, or $1.06 per diluted common share, compared to $112.3 million, or $0.71 per diluted common share, for the fiscal third quarter 2019.
- Revenue increased by 1.7% year-over-year to $976.7 million.
- GAAP net income per share increased to $0.91 from $0.55 in the prior year.
- Adjusted (non-GAAP) net income per share increased to $1.06 from $0.71 in the prior year.
- COVID-related market dynamics have resulted in an orders slowdown and are likely to adversely impact revenue for a few quarters.
Headline financials
Revenue & EPS history
Ciena · Revenue · Quarterly
$977M
Revenue by segment
Ciena · $977M total across 7 segments · Q3 2020
- Optical Networking$723M-0.2%74.0%
- Routing & Switching$79.8M+11.1%8.2%
- Maintenance & Support$69.1M+4.9%7.1%
- Platform Software & Services$46.4M+24.4%4.8%
- Implementation$39.8M+0.0%4.1%
- Blue Planet Automation$11.3M+7.6%1.2%
- Advisory & Enablement$7.8M-29.1%0.8%
Forward guidance
Although COVID-related market dynamics have resulted in an orders slowdown and are likely to adversely impact our revenue for a few quarters, we are confident in our ability to continue executing on our strategy and expanding our market leadership.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2020
+1.8%
Avg return
Earnings day
+1.9%
Avg return
5 days after
+3.7%
Avg return
30 days after
51%
35 / 68 earnings
Positive
+26.1%
Q2 2019
Best reaction
-26.3%
Q3 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| 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% | — | — | |
| Q4 2009 | +3.6% | — | — | |
| Q3 2010 | +3.6% | — | — | |
| Q3 2009 | +3.6% | — | — |
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