Ciena Q1 2023 Earnings Report

Ciena EPS Results

• Actual EPS: $0.64
• Consensus EPS: $0.36
• Beat/Miss: Beat by +$0.28
• One Year Ago EPS: $0.35

Ciena Revenue Results

• Actual Revenue: $1.06 billion
• Expected Revenue: $959.04 million
• Beat/Miss: Beat by +$97.46 million
• YoY Revenue Growth: +25.10%

Ciena Announcement Details

• Quarter: Q1 2023
• Date: 3/6/2023
• Time: Before Market Opens

Ciena (NYSE:CIEN) provides hardware and software services for delivery of video, data, and voice traffic metro, aggregation, and access communications network worldwide. The company's Networking Platforms segment offers convergence of coherent optical transport, open optical networking, optical transport network switching, IP routing, and switching services. Its products include 6500 Packet-Optical Platform, Waveserver stackable interconnect system, and the 6500 Reconfigurable line system, and the 5400 family of Packet-Optical platforms, as well as 8100 coherent routing platforms; 3000 family of service delivery switches and the 5000 family of service aggregation switches, as well as 8700 Packetwave Platform and 6500 Packet Transport System. This segment also sells operating system software and enhanced software features embedded in each of its products. The company's Blue Planet Automation Software and Services segment provides multi-domain service orchestration, inventory, route optimization and analysis, multi-cloud orchestration, and unified assurance and analytics services. Its Platform Software and Service segment offers MCP domain controller solution, and OneControl unified management system, as well as planning tools. The company's Global Services segment provides maintenance support and training, installation and deployment, and consulting and network design services. Ciena Corporation was incorporated in 1992 and is headquartered in Hanover, Maryland.