Fri. Nov 15th, 2019

Global news

World Wide News

Ciena Reports Fiscal 3rd-Quarter 2k19 Financial Results

1 min read

Ciena® Corporation (NYSE: CIEN), a networking systems, services and software company, recently stated unaudited financial results for its financial 3rd-quarter finished July 31, 2k19.

  • Q3 Revenue: $960.60M, increasing 17.30% year over year
  • Q3 Net Income for each Share: $0.550 GAAP; $0.710 adjusted (non-GAAP)
  • Share Repurchases: Repurchased about 1.10M shares of common stock for an aggregate price of $45.40M during the quarter

For the fiscal 3rd-quarter 2k19, Ciena stated revenue of $960.60M as contrast to $818.80M for the fiscal 3rd-quarter 2k18.

Ciena’s GAAP net income for the fiscal 3rd-quarter 2k19 was $86.70M, or $0.550 for each diluted common share, which compares to a GAAP net income of $50.80M, or $0.340 for each diluted common share, for the fiscal 3rd-quarter 2k18.

Ciena’s adjusted (non-GAAP) net income for the fiscal 3rd-quarter 2k19 was $112.30M, or $0.710 for each diluted common share, which compares to an adjusted (non-GAAP) net income of $74.30M, or $0.480 for each diluted common share, for the fiscal 3rd-quarter 2k18.

  • Two 10.00%-plus customers represented a total of 25.00% of revenue
  • Cash and investments totalled $842.90M
  • Cash flow from operations totalled $83.10M
  • Average days’ sales outstanding (DSOs) were 82
  • Accounts receivable balance was $798.90M
  • Unbilled contract asset balance was $74.30M
  • Inventories totalled $356.80M, counting:
    • Raw materials: $102.20M
    • Work in process: $15.50M
    • Finished goods: $193.50M
    • Deferred cost of sales: $93.40M
    • Reserve for excess and obsolescence: $(47.80)M
  • Product inventory turns were 5.10
  • Headcount totalled 6,368

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © All rights reserved. | Newsphere by AF themes.