NYSE$CIEN
Ciena Corp · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Ciena's Q4 2022 financial results exceeded expectations due to favorable supply chain developments, with strong revenue and earnings per share.
Ciena reported strong fiscal fourth quarter financial results, exceeding expectations due to favorable supply chain developments. The company's revenue was $971.0 million, and net income per share was $0.39 on a GAAP basis and $0.61 on a non-GAAP basis. Ciena expects to deliver outsized revenue growth in fiscal 2023, driven by a significant backlog and continued signs of gradual supply improvement.
- Q4 revenue reached $971.0 million.
- GAAP net income per share was $0.39, while adjusted (non-GAAP) net income per share was $0.61.
- The company repurchased approximately 154,200 shares of common stock for an aggregate price of $8.0 million during the quarter.
- Ciena anticipates outsized revenue growth in fiscal 2023 due to a substantial backlog and improving supply chain conditions.
Headline financials
Revenue & EPS history
Ciena · Revenue · Quarterly
$971M
Revenue by segment
Ciena · $971M total across 7 segments · Q4 2022
- Optical Networking$650M-13.9%66.9%
- Routing and Switching$103M+38.5%10.6%
- Maintenance, Support, and Learning$73.1M+2.5%7.5%
- Platform Software and Services$71.6M+8.3%7.4%
- Implementation$36.9M-21.8%3.8%
- Blue Planet Automation Software and Services$21.2M+7.1%2.2%
- Advisory and Enablement$15.5M+86.7%1.6%
Forward guidance
Ciena expects to deliver outsized revenue growth in fiscal 2023 given its significant backlog and continued signs of gradual supply improvement. The company remains confident that the durability of secular demand drivers and its strategic investments to expand its addressable market position them to deliver strong revenue growth over the next several years.
Tailwinds
- Anticipates outsized revenue growth in fiscal 2023.
- Significant backlog expected to contribute to future revenue.
- Continued signs of gradual supply improvement.
- Durability of secular demand drivers.
- Strategic investments to expand addressable market.
Headwinds
- Effect of broader economic and market conditions on our customers and their business
- Impact of supply chain constraints or disruptions
- Changes in network spending or network strategy by our customers
- Level of competitive pressure we encounter
- Changes in foreign currency exchange rates
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 Q4 2022
+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
| Quarter | Report date | Reaction (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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