Optical telecommunication equipment vendor Ciena announced 2021Q3 results yesterday. Net income for the quarter to July 31 rose to $238.2 million, or $1.52 a share, from $142.3 million, or 91 cents a share during the same year-ago period. Revenue surprised by growing 1.2% to $988.1 million from $976.7 million. Gross margin also improved to 48.0% from 47.6%.
“We delivered outstanding fiscal third quarter results that reflect continued momentum in our business as well as our differentiated position in the market,” said Gary Smith, president and CEO of Ciena. “These results combined with a robust demand environment give us confidence that we will deliver our expected strong second half performance.”
Ciena has been aided by their dominant position and 18-month head start in providing 800G systems in the market.
Management has not provided a FY2022 financial outlook. But the industry pundits seem comfortable that they can continue their growth.
Investors liked the results pushing the share price up 2.7% yesterday.
To see Ciena’s actual earnings release https://investor.ciena.com/news/press-release-details/2021/Ciena-Reports-Fiscal-Third-Quarter-2021-Financial-Results/default.aspx
To see comments on Ciena’s previous quarter: https://www.truepulse.com/ciena-beats-on-2021q2-results/
TruePulse buys and sell Ciena optical transport equipment, including the CoreStream, the Optera Connect DX, the Optera Metro 5100/5200, and their flagship product: the 6500. Please let us know if you have any surplus Ciena networking cards.
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