Ciena Q4 Earnings: Profit Misses Expectations, Margins Decline, Names New Chair
Ciena Q4 Earnings: Profit Misses Expectations, Margins Decline, Names New Chair
Ciena Corp (NYSE:CIEN) reported a fiscal fourth-quarter 2024 revenue decline of 0.5% year-on-year to $1.124 billion, beating the analyst consensus estimate of $1.104 billion.
Ciena CORP（纽交所代码：CIEN）报告2024财年第四季度营业收入同比下降0.5%，达到11.24亿美元，超出分析师共识预期的11.04亿美元。
The American telecommunications networking equipment and software services supplier reported adjusted EPS of $0.54, missing the analyst consensus estimate of $0.66. The stock fell after the print, but it recouped losses and traded higher in the premarket session.
这家美国电信网络设备和软件服务供应商报告的调整后每股收益为0.54美元，低于分析师共识预期的0.66美元。该股在发布后下跌，但随后恢复损失，在盘前交易中上涨。
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Segments: Total Networking Platforms revenue declined by 2.0% Y/Y to $859.0 million, and Total Global Services decreased by 5.6% Y/Y to $142.0 million.
细分市场：总网络平台的营业收入同比下降2.0%，至85900万美元，总全球服务营业收入同比下降5.6%，至14200万美元。
Margins: The adjusted gross margin declined by 210 bps to 41.6%, and the adjusted operating margin decreased by 380 bps to 10.0%. Two 10%-plus customers represented a total of 31.2% of revenue.
利润率：调整后的毛利率下降210个基点，降至41.6%，调整后的营业利润率下降380个基点，降至10.0%。两个超过10%的客户合计占营业收入的31.2%。
Ciena held $1.33 billion in cash and equivalents and generated $349.3 million in operating cash flow.
Ciena持有13.3亿美元现金及现金等价物，产生了34930万美元的营业现金流。
The company bought back approximately 2.1 million shares of common stock for an aggregate price of $132.0 million during the quarter.
该公司在本季度回购了约210万股普通股，总金额为13200万美元。
Chair Transition: Ciena named Lawton W. Fitt as independent Chair of Ciena's Board, effective December 11, 2024, taking over from Patrick H. Nettles, Ph.D., who retired. Nettles will continue as a director to ensure a seamless transition.
董事会主席过渡：Ciena任命Lawton W. Fitt为Ciena董事会的独立主席，自2024年12月11日起生效，接替退休的Patrick H. Nettles博士。Nettles将继续担任董事，以确保顺利过渡。
CEO Gary Smith noted that the quarterly revenue and strong order flow reflect the company's significant increasing technology leadership and positive industry dynamics. As Cloud and AI drive bandwidth demand across the network, Smith noted that Ciena is positioned for accelerated revenue growth and market share expansion.
首席执行官加里·史密斯表示，季度营业收入和强劲的订单流反映了公司在科技领导力和积极行业动态上的显著提升。随着云计算和人工智能推动网络带宽需求，史密斯指出，Ciena正处于加速营业收入增长和市场份额扩展的有利位置。
Ciena stock surged over 62% year-to-date. At least 4 Wall Street firms, including Stifel, Citigroup, Rosenblatt, and Needham, raised their price targets on the stock in December 2024. Three of them have a Buy rating on the stock.
Ciena的股票今年迄今上涨超过62%。至少有4家华尔街公司，包括Stifel、花旗集团、Rosenblatt和Needham在2024年12月上调了该股票的价格目标。这四家公司中有三家对该股票给予了买入评级。
Price Action: CIEN stock is up 8.13% at $79.16 premarket at the last check Thursday.
价格走势：在最后一次检查中，CIEN股票在周四盘前上涨8.13%，报79.16美元。
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译文内容由第三方软件翻译。
