Ciena (CIEN) Revenue — Quarter Ended Nov 2, 2024
Revenue for the quarter increased compared to the immediately preceding quarter. However, it was slightly lower than the same quarter one year earlier.
Key takeaway
Quarter ended Nov 2, 2024 · FY2024 Q4
Revenue for the quarter increased compared to the immediately preceding quarter. However, it was slightly lower than the same quarter one year earlier.
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
+19.3%
Change from the immediately preceding quarter.
Year-over-year
-0.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$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 |
|---|---|---|
| Jan 27, 2024 | $1B | -1.8% |
| Apr 27, 2024 | $910.8M | -19.6% |
| Jul 27, 2024 | $942.3M | -11.8% |
| Nov 2, 2024 | $1.1B | -0.5% |
Revenue performance
The reported revenue rose from the prior quarter, reversing a pattern of sequential declines seen in earlier periods. The year-over-year comparison shows a marginal decline.
Quarterly comparison
Compared to the preceding quarter, revenue improved significantly. Versus the same quarter a year ago, revenue was essentially flat with a slight decrease.
What to watch
The filing discusses a stock repurchase authorization under liquidity and capital resources, which may influence future capital allocation decisions.