Ciena (CIEN) Revenue — Quarter Ended Apr 27, 2024
Revenue declined in the current quarter compared to both the prior quarter and the same quarter one year earlier. The sequential and year-over-year decreases reflect a sustained downward trajectory.
Key takeaway
Quarter ended Apr 27, 2024 · FY2024 Q2
Revenue declined in the current quarter compared to both the prior quarter and the same quarter one year earlier. The sequential and year-over-year decreases reflect a sustained downward trajectory.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$910.8M
Revenue reported for this quarter.
Quarter-over-quarter
-12.2%
Change from the immediately preceding quarter.
Year-over-year
-19.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.1B
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 |
|---|---|---|
| Jul 29, 2023 | $1.1B | +23.0% |
| Oct 28, 2023 | $1.1B | +16.3% |
| Jan 27, 2024 | $1B | -1.8% |
| Apr 27, 2024 | $910.8M | -19.6% |
Revenue performance
Revenue for the quarter was lower than the immediately preceding quarter, continuing the pattern of declines observed in recent periods.
Quarterly comparison
Revenue was down compared to the prior quarter and down more significantly relative to the same quarter one year ago, based on the supplied data.
What to watch
Filing context notes the ongoing impact of reduced product revenue, though specific causes are not cited.