Similar companies
| Company | Revenue | |
|---|---|---|
 |
Cisco SystemsCSCO |
14.3B 15.2% |
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 942M | 3.5% |
| Gross Profit | 404M | 3.9% |
| Cost of Revenue | 538M | 3.1% |
| Operating expense | 377M | 3.9% |
| Net Income | 14M | 184.5% |
| EBITDA | 34M | 115% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 5.58B | 0.7% |
| Total Liabilities | 2.68B | 1.8% |
| Total Equity | 2.89B | 0.4% |
| Shares Outstanding | 144M | 0.2% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -159M | 372.6% |
| Cash from investing | -19M | 88% |
| Cash from financing | -29M | 61% |
EPS
Financial Highlights for CIENA in Q3 '24
CIENA reported a revenue of 942M, which is a 3.5% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 404M, marking a 3.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 538M, a 3.1% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 377M, showing a -3.9% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 14M, showing a 184.5% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 34M, showing a 115% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for CIENA with growth in revenue, gross profit, and net income.
