NYSE$CIEN
Ciena Corp · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Ciena's Q3 2023 financial results were released, showing revenue increase and strength across all regions.
Ciena reported a 23% year-over-year increase in revenue for the fiscal third quarter of 2023, with strong performance across all regions. The company's GAAP net income was $29.7 million, or $0.20 per diluted common share, while adjusted (non-GAAP) net income was $89.1 million, or $0.59 per diluted common share.
- Q3 revenue reached $1.07 billion.
- GAAP net income per share was $0.20, and adjusted (non-GAAP) net income per share was $0.59.
- Approximately 1.4 million shares of common stock were repurchased for $61.2 million during the quarter.
- Increased customer activity and elevated backlog are expected to drive growth and market share gains.
Headline financials
Revenue & EPS history
Ciena · Revenue · Quarterly
$1.07B
Revenue by segment
Ciena · $1.07B total across 7 segments · Q3 2023
- Optical Networking$719M+27.5%67.3%
- Routing & Switching$128M+26.7%11.9%
- Platform Software & Services$78.9M+24.3%7.4%
- Maintenance & Support$72.9M+0.1%6.8%
- Implementation$46.8M+20.9%4.4%
- Blue Planet Automation$13.1M-24.3%1.2%
- Advisory & Enablement$9.6M-13.5%0.9%
Forward guidance
Ciena expects increased customer activity, combined with their elevated backlog, market leadership and expanding addressable market, will drive growth and market share gains going forward.
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 2023
+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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