On December 12, Gelonghui reported that the network equipment manufacturer Ciena announced its performance for the fourth quarter of fiscal year 2024, with revenue of 1.12 billion USD, a year-on-year decrease of 0.5%, while analysts expected it to be 1.1 billion USD; net income was 37 million USD, a decline of nearly 60% compared to 91.2 million USD in the same period last year; adjusted EPS was 54 cents, below the analyst's expectation of 60 cents. Among these, revenue from network platform business grew over 4% year-on-year, reaching 0.7796 billion USD. The company's CEO Gary Smith stated: 'As Cloud Computing and AI drive the demand for network bandwidth, we are well positioned for future revenue growth and market share expansion.'
Ciena第四财季净利润同比下降60% 调整后EPS不及预期
In Ciena's fourth fiscal quarter, Net income decreased by 60% year-on-year, and adjusted EPS fell short of expectations.
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