Ciena (CIEN) Revenue — Quarter Ended Jul 29, 2023
Revenue for the current period declined compared to the immediately preceding quarter but rose relative to the same quarter one year earlier. The company's filing includes risk factors and management discussion, though no specific causes are cited.
Key takeaway
Quarter ended Jul 29, 2023 · FY2023 Q3
Revenue for the current period declined compared to the immediately preceding quarter but rose relative to the same quarter one year earlier. The company's filing includes risk factors and management discussion, though no specific causes are cited.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.1B
Revenue reported for this quarter.
Quarter-over-quarter
-5.7%
Change from the immediately preceding quarter.
Year-over-year
+23.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.2B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Oct 29, 2022 | $971M | -6.8% |
| Jan 28, 2023 | $1.1B | +25.1% |
| Apr 29, 2023 | $1.1B | +19.3% |
| Jul 29, 2023 | $1.1B | +23.0% |
Revenue performance
The reported revenue decreased from the prior quarter, breaking a pattern of sequential increases. On a year-over-year basis, revenue remained elevated.
Quarterly comparison
Current quarter revenue was lower than the immediately preceding quarter, yet exceeded the same quarter from the prior year. The trailing twelve-month revenue figure also reflects the recent quarterly decline.
What to watch
The sequential decline warrants attention given that revenue had held steady near the same level for several prior quarters.