Ciena (CIEN) Revenue — Quarter Ended Jan 27, 2024
Revenue declined compared to both the immediately preceding quarter and the same quarter one year earlier. The decrease marked a reversal from the growth seen in each of the prior three quarters.
Key takeaway
Quarter ended Jan 27, 2024 · FY2024 Q1
Revenue declined compared to both the immediately preceding quarter and the same quarter one year earlier. The decrease marked a reversal from the growth seen in each of the prior three quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1B
Revenue reported for this quarter.
Quarter-over-quarter
-8.1%
Change from the immediately preceding quarter.
Year-over-year
-1.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.4B
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 |
|---|---|---|
| Apr 29, 2023 | $1.1B | +19.3% |
| Jul 29, 2023 | $1.1B | +23.0% |
| Oct 28, 2023 | $1.1B | +16.3% |
| Jan 27, 2024 | $1B | -1.8% |
Revenue performance
Revenue was lower than in the immediately preceding quarter. The drop followed a period of consistent quarter-over-quarter increases.
Quarterly comparison
Compared with the same quarter one year prior, revenue also decreased. That decline contrasted with the year-over-year gains reported for each of the previous three quarters.
What to watch
Monitor whether revenue can stabilize or return to growth after this quarter’s decline from both prior-period comparisons.