ciena q4 results

The tables below (in millions, except percentage data) provide comparisons of certain quarterly and annual results to the prior year. Today, Thursday, December 12, 2019, in conjunction with this announcement, Ciena has posted to the Quarterly Results page of the Investor Relations section of its website certain related supporting materials for its unaudited fiscal fourth quarter and fiscal 2019 results. The live audio web broadcast beginning at 8:30 a.m. Eastern will be accessible via www.ciena.com. Ciena may also, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases of its shares under this authorization. Weighted average dilutive potential common shares outstanding used in calculating adjusted (non-GAAP) diluted net income per common share for the fourth quarter of fiscal 2019 includes 1.8 million shares underlying certain stock option and stock unit awards. For the fiscal fourth quarter 2019, Ciena reported revenue of $968.0 million as compared to $899.4 million for the fiscal fourth quarter 2018. One 10%-plus customer represented a total of 15.1% of revenue for the fiscal quarter, Three 10%-plus customers represented a total of 34.1% of revenue for the fiscal year, Cash and investments totaled $1,024.0 million, Cash flow from operations totaled $240.0 million and $413.1 million for the fiscal quarter and year, respectively, Average days' sales outstanding (DSOs) were 75 and 82 for the fiscal quarter and year, respectively, Accounts receivable balance was $724.9 million, Unbilled contract asset balance was $84.0 million. Despite this dynamic, today’s results reflect the strength and durability of our business model, including continued strong profitability with adjusted operating margin of 15.8% in Q4 and 17.6% for the full fiscal year, which exceeded our forecast. Adjustments to reconcile net income to net cash provided by operating activities: Depreciation of equipment, furniture and fixtures, and amortization of leasehold improvements, Provision for inventory excess and obsolescence, Accounts payable, accruals and other obligations, Short and long-term operating lease liabilities, Net cash provided by operating activities. Ciena's non-GAAP measures and the related adjustments may differ from non-GAAP measures used by other companies and should only be used to evaluate Ciena's results of operations in conjunction with our corresponding GAAP results. For fiscal year 2020, Ciena's adjusted (non-GAAP) net income was $460.1 million, or $2.95 per diluted common share, as compared to an adjusted (non-GAAP) net income of $331.8 million, or $2.11 per diluted common share for fiscal year 2019. Ciena assumes no obligation to update any forward-looking information included in this press release. HANOVER, Md.--(BUSINESS WIRE)--Ciena Corporation (NYSE: CIEN), a networking systems, services and software company, today announced unaudited financial results for its fiscal fourth quarter and year ended October 31, 2020.Q4 Revenue: $828.5 million; Q4 Net Income per Share: $0.42 GAAP; $0.60 adjusted (non-GAAP), increasing 3.4% year over year Share Repurchases: … Add to Calendar. This release includes non-GAAP measures of Ciena's gross profit, operating expense, income from operations, earnings before interest, tax, depreciation and amortization (EBITDA), Adjusted EBITDA, and measures of net income and net income per share. Adjustments to reconcile net income to net cash provided by operating activities: Loss on fair value of debt conversion liability, Depreciation of equipment, furniture and fixtures, and amortization of leasehold improvements, Provision for inventory excess and obsolescence, Accounts payable, accruals and other obligations, Net cash provided by operating activities, Payments for equipment, furniture, fixtures and intellectual property, Purchase of available for sale securities, Proceeds from maturities of available for sale securities, Settlement of foreign currency forward contracts, net, Acquisition of businesses, net of cash acquired, Net cash provided by (used in) investing activities, Proceeds from issuance of long-term debt, net, Payment for make-whole provision upon conversion of long-term debt, Shares repurchased for tax withholdings on vesting of restricted stock units, Repurchases of common stock - repurchase program, Effect of exchange rate changes on cash, cash equivalents and restricted cash, Net increase (decrease) in cash, cash equivalents and restricted cash, Cash, cash equivalents and restricted cash at beginning of fiscal year, Cash, cash equivalents and restricted cash at end of fiscal year, Supplemental disclosure of cash flow information, Cash paid during the fiscal year for interest, Cash paid during the fiscal year for income taxes, net, Non-cash investing and financing activities, Purchase of equipment in accounts payable, Contingent consideration for acquisition of business, Conversion of 3.75% convertible senior notes, due October 15, 2018 (Original) into 3,038,208 shares of common stock, Conversion of 4.0% convertible senior notes, due December 15, 2020 into 9,197,943 shares of common stock, net, Conversion of debt conversion liability into 1,585,140 shares of common stock, APPENDIX A- Reconciliation of Adjusted (Non- GAAP) Measurements (unaudited), Gross Profit Reconciliation (GAAP/non-GAAP), Total adjustments related to gross profit, Adjusted (non-GAAP) gross profit percentage, Operating Expense Reconciliation (GAAP/non-GAAP), Share-based compensation-research and development, Share-based compensation-sales and marketing, Share-based compensation-general and administrative, Total adjustments related to operating expense, Income from Operations Reconciliation (GAAP/non-GAAP), Total adjustments related to income from operations, Adjusted (non-GAAP) income from operations, Adjusted (non-GAAP) operating margin percentage, Net Income (Loss) Reconciliation (GAAP/non-GAAP), Exclude GAAP provision (benefit) for income taxes, Change in fair value of debt conversion liability, Non-GAAP tax provision on adjusted income before income taxes, Weighted average dilutive potential common shares outstanding 1, GAAP diluted net income (loss) per common share, Adjusted (non-GAAP) diluted net income per common share 2. The presentation of these non-GAAP financial measures should be considered in addition to Ciena's GAAP results and these measures are not intended to be a substitute for the financial information prepared and presented in accordance with GAAP. To receive notifications via email, enter your email address and select at least one subscription below. All feedback provided is collected by Ciena. The bottom line beat the Zacks Consensus Estimate by 23 cents. Ciena's adjusted (non-GAAP) net income for the fiscal fourth quarter 2019 was $90.4 million, or $0.58 per diluted common share, which compares to an adjusted (non-GAAP) net income of $81.0 million, or $0.53 per diluted common share, for the fiscal fourth quarter 2018. Ciena® Corporation (NYSE: CIEN), a networking systems, services and software company, today announced unaudited financial results for its fiscal fourth quarter and … Ciena's actual results, performance or events may differ materially from these forward-looking statements made or implied due to a number of risks and uncertainties relating to Ciena's business, including: the effect of broader economic and market conditions on our customers and their business; changes in network spending or network strategy by customers; seasonality and the timing and size of customer orders, including our ability to recognize revenue relating to such sales; the level of competitive pressure we encounter; the product, customer and geographic mix of sales within the period; supply chain disruptions and the level of success relating to efforts to optimize Ciena's operations; changes in foreign currency exchange rates affecting revenue and operating expense; the impact of the Tax Cuts and Jobs Act, changes in estimates of prospective income tax rates and any adjustments to Ciena's provisional estimates whether related to further guidance, analysis or otherwise, and the other risk factors disclosed in Ciena's periodic reports filed with the Securities and Exchange Commission, including its Quarterly Report on Form 10-Q filed with the SEC on September 11, 2019 and its Annual Report on Form 10-K to be filed with the SEC. Ciena Corporation (NYSE: CIEN), a networking systems, services and software company, today announced unaudited financial results for its fiscal fourth quarter and year ended October 31, 2020. 2. Q4 Revenue: $968.0 million, increasing 7.6% year over year; Q4 Net Income per Share: $0.51 GAAP; $0.58 adjusted (non-GAAP) Ciena ® Corporation (NYSE: CIEN), a networking systems, services and software company, today announced unaudited financial results for its fiscal fourth quarter and year ended October 31, 2020. The tables below (in millions, except percentage data) provide comparisons of certain quarterly and annual results to the prior year. For the fiscal fourth quarter 2020, Ciena reported revenue of $828.5 million as compared to $968.0 million for the fiscal fourth quarter 2019. During fiscal year 2019, Ciena repurchased approximately 3.8 million shares of its common stock at an average price of $39.10 per share for an aggregate purchase price of $150.1 million. Ciena Corporation Forward-looking statements in this release include: "Our outstanding Q4 financial performance rounded out an extraordinary year of industry-leading growth and profitability. Ciena® Corporation (NYSE: CIEN), the network specialist, today announced unaudited financial results for its fiscal fourth quarter and year ended October 31, 2016. Management believes that the non-GAAP measures below provide management and investors useful information and meaningful insight to the operating performance of the business. After temporarily suspending repurchases of our common stock during fiscal 2020, we will be reinstituting this program in first quarter of 2021 and are currently targeting repurchases in the range of $150 million during fiscal 2021. Add to Apple Calendar; ... All feedback provided is collected by Ciena. +1 (410) 694-5761 (1) Weighted average diluted potential common shares outstanding used in calculating Adjusted (non-GAAP) diluted net income per potential common share for the fourth quarter of fiscal 2020 includes 1.9 million shares underlying certain stock option and stock unit awards. Cash flows provided by (used in) investing activities: Payments for equipment, furniture, fixtures and intellectual property, Purchase of available for sale securities, Proceeds from maturities of available for sale securities, Settlement of foreign currency forward contracts, net, Acquisition of businesses, net of cash acquired, Net cash provided by (used in) investing activities, Shares repurchased for tax withholdings on vesting of restricted stock units, Repurchases of common stock - repurchase program, Effect of exchange rate changes on cash, cash equivalents and restricted cash, Net increase in cash, cash equivalents and restricted cash, Cash, cash equivalents and restricted cash at beginning of fiscal year, Cash, cash equivalents and restricted cash at end of fiscal year, Supplemental disclosure of cash flow information, Cash paid during the fiscal year for interest, Cash paid during the fiscal year for income taxes, net, Non-cash investing and financing activities, Purchase of equipment in accounts payable, Conversion of debt conversion liability into 1,585,140 shares of common stock, Operating lease right-of-use assets subject to lease liability, APPENDIX A - Reconciliation of Adjusted (Non-GAAP) Measurements (unaudited), Gross Profit Reconciliation (GAAP/non-GAAP), Total adjustments related to gross profit, Adjusted (non-GAAP) gross profit percentage, Operating Expense Reconciliation (GAAP/non-GAAP), Share-based compensation-research and development, Share-based compensation-sales and marketing, Share-based compensation-general and administrative, Total adjustments related to operating expense, Income from Operations Reconciliation (GAAP/non-GAAP), Total adjustments related to income from operations, Adjusted (non-GAAP) income from operations, Adjusted (non-GAAP) operating margin percentage, Net Income Reconciliation (GAAP/non-GAAP), Non-GAAP tax provision on adjusted income before income taxes, GAAP diluted net income per potential common share, Adjusted (non-GAAP) diluted net income per potential common share. "While we expect current market conditions to persist in the near-term, we are confident in strong secular demand dynamics and our ability to continue to outperform the market.". Shares of Ciena (NYSE: CIEN) decreased 4% in pre-market trading after the company reported Q4 results. Non-GAAP Presentation of Quarterly and Annual Results. Ciena's adjusted (non-GAAP) net income for the fiscal fourth quarter 2020 was $94.5 million, or $0.60 per diluted common share, which compares to an adjusted (non-GAAP) net income of $90.4 million, or $0.58 per diluted common share, for the fiscal fourth quarter 2019. The calculation of adjusted (non-GAAP) diluted net income per common share for the fourth quarter of fiscal 2018 requires adding back interest expense of approximately $0.4 million associated with Ciena's "Original" 3.75% convertible senior notes and approximately $2.3 million associated with Ciena's 4.0% convertible senior notes to the adjusted (non-GAAP) net income in order to derive the numerator for the adjusted (non-GAAP) earnings per common share calculation. Today, Thursday, December 13, 2018, in conjunction with this announcement, Ciena has posted to the Quarterly Results page of the Investor Relations section of its website certain prepared remarks of management and related supporting materials for … "While we expect current market conditions to persist in the near-term, we are confident in strong secular demand dynamics and our ability to continue to outperform the market.". Ciena Corporation (CIEN) CEO Gary Smith on Q4 2020 Results - Earnings Call Transcript SA Transcripts Dec. 10, 2020 3:32 PM ET Why Ciena Is A Good Buy From Here (NYSE:CIEN) During fiscal year 2020, Ciena repurchased approximately 1.9 million shares of its common stock at an average price of $39.81 per share for an aggregate purchase price of $74.5 million. Ciena (NYSE: CIEN) is a networking systems, services and software company. Ciena’s Q4 Earnings Miss Estimates, Revenues Fall Y/Y Ciena reported lackluster fourth-quarter fiscal 2020 (ended Oct 31, 2020) results, wherein … From time to time we exclusively post material information to this website along with other disclosure channels that we use. This press release contains certain forward-looking statements that involve risks and uncertainties. Ciena Corporation CIEN is scheduled to report fourth-quarter fiscal 2020 results (ended Oct 31, 2020) on Dec 10, before the opening bell. CONDENSED UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS, Acquisition and integration costs (recoveries), Significant asset impairments and restructuring costs, Loss on extinguishment and modification of debt, Diluted net income per potential common share, Weighted average basic common shares outstanding, Weighted average diluted potential common shares outstanding(1). Weighted average dilutive potential common shares outstanding used in calculating adjusted (non-GAAP) diluted net income per common share for the fourth quarter of fiscal 2018 includes 2.0 million shares underlying certain stock option and stock unit awards, 0.7 million and 2.5 million shares underlying Ciena's "New" and "Original" 3.75% convertible senior notes, respectively, which were converted by holders thereof immediately prior to maturity during the fourth quarter of fiscal 2018, and 8.9 million shares underlying Ciena's 4.0% convertible senior notes, which were converted at Ciena's election during the fourth quarter of fiscal 2018. Q4 Revenue: $828.5 million Q4 Net Income per Share: $0.42 GAAP; $0.60 adjusted (non-GAAP), increasing 3.4% year over year Share Repurchases: Reinstituting share repurchase program with the intent […] For the fiscal fourth quarter 2015, Ciena reported revenue of $692.0 million as compared to … You are encouraged to review the Investors section of our website, where we routinely post press releases, SEC filings, recent news, financial results, supplemental financial information, and other announcements. To protect your privacy, please do not enter any personal information, Ciena Reports Fiscal Fourth Quarter 2020 and Year-End Financial Results. Ciena (NYSE:CIEN) is scheduled to announce Q4 earnings results on Thursday, December 10th, before market open.The consensus EPS Estimate is $0.63 (+8.6% Y/Y) … Weighted average diluted potential common shares outstanding used in calculating GAAP diluted net income per potential common share for the fourth quarter of fiscal 2019 includes 1.8 million shares underlying certain stock option and stock unit awards. The program may be modified, suspended or discontinued at any time. The program may be modified, suspended or discontinued at any time. You must click the link in the email to activate your subscription. Ciena (NYSE: CIEN) is a networking systems, services and software company. Ciena Fiscal Q4 2020 Financial Results Call . CONDENSED UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS, Significant asset impairments and restructuring costs, Loss on extinguishment and modification of debt, Diluted net income (loss) per potential common share1, Weighted average basic common shares outstanding, Weighted average diluted potential common shares outstanding 2, CONDENSED UNAUDITED CONSOLIDATED BALANCE SHEETS, Equipment, building, furniture and fixtures, net, Accrued liabilities and other short-term obligations, Preferred stock — par value $0.01; 20,000,000 shares authorized; zero shares issued and outstanding, Common stock — par value $0.01; 290,000,000 shares authorized; 154,403,850 and 154,318,531 shares issued and outstanding, Total liabilities and stockholders’ equity, CONDENSED UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS. * Denotes % change, or in the case of margin, absolute change, Blue Planet Automation Software and Services, Additional Performance Metrics for Fiscal Fourth Quarter and Year Ended October 31, 2019. "Our innovation, diversification and scale uniquely position us to continue taking share while delivering improved operating margin and driving sustained EPS growth in 2020.". Performance Summary for the Fiscal Fourth Quarter and the Year Ended October 31, 2019. Ciena ® Corporation (NYSE: CIEN) expects to announce its fiscal fourth quarter and year end 2020 financial results on Thursday, December 10, 2020 before the open of the financial markets. Despite this dynamic, today’s results reflect the strength and durability of our business model, including continued strong profitability with adjusted operating margin of … Inventories totaled $344.4 million, including: Reserve for excess and obsolescence: $(39.6) million, Product inventory turns were 4.0 and 4.6 for the fiscal quarter and year, respectively. Ciena's GAAP net income for the fiscal fourth quarter 2019 was $80.3 million or $0.51 per diluted common share, which compares to a GAAP net income of $64.0 million, or $0.34 per diluted common share, for the fiscal fourth quarter 2018. These items share one or more of the following characteristics: they are unusual and Ciena does not expect them to recur in the ordinary course of its business; they do not involve the expenditure of cash; they are unrelated to the ongoing operation of the business in the ordinary course; or their magnitude and timing is largely outside of Ciena's control. For fiscal year 2019, Ciena's GAAP net income was $253.4 million, or $1.61 per diluted common share, as compared to a GAAP net loss of $(344.7) million, or $(2.49) per diluted common share for fiscal year 2018. pr@ciena.com, Investor Contact: To the extent not previously disclosed in a prior Ciena financial results press release for the relevant period, Appendix A and B to this press release set forth a complete GAAP to non-GAAP reconciliation of the non-GAAP measures contained in this release. The calculation of GAAP diluted net loss per common share for fiscal 2018 requires an adjustment of $12.9 million for a non-cash loss due to a mark to market fair value adjustment related to the outstanding conversion feature of Ciena's "New" 3.75% senior convertible notes to the GAAP net loss in order to derive the numerator for the diluted earnings per common share calculation. About Ciena. Weighted average dilutive potential common shares outstanding used in calculating GAAP diluted net income per common share for the fourth quarter of fiscal 2018 includes 2.0 million shares underlying certain stock option and stock unit awards, 0.7 million and 2.5 million shares underlying Ciena's "New" and "Original" 3.75% convertible senior notes, respectively, and 8.9 million shares underlying Ciena's 4.0% convertible senior notes. Ciena ® Corporation (NYSE: CIEN), the network specialist, today announced unaudited financial results for its fiscal fourth quarter and year ended October 31, 2015. Weighted average diluted potential common shares outstanding used in calculating GAAP diluted net income per potential common share for fiscal 2019 includes 1.9 million shares underlying certain stock option and stock unit awards. Supplemental Materials and Live Web Broadcast of Unaudited Fiscal Fourth Quarter 2020 Results. pr@ciena.com, Investors: (1) Weighted average diluted potential common shares outstanding used in calculating GAAP diluted net income per potential common share for the fourth quarter of fiscal 2020 includes 1.9 million shares underlying certain stock option and stock unit awards. You must click the link in the email to activate your subscription. "; "Our innovation, diversification and scale uniquely position us to continue taking share while delivering improved operating margin and driving sustained EPS growth in 2020.". To protect your privacy, please do not enter any personal information For fiscal year 2019, Ciena reported revenue of $3.57 billion, as compared to $3.09 billion for fiscal year 2018. This release includes non-GAAP measures of Ciena's gross profit, operating expense, income from operations, earnings before interest, tax, depreciation and amortization (EBITDA), Adjusted EBITDA, and measures of net income and net income per share. Ciena's management will also host a discussion today with investors and financial analysts that will include the Company's outlook. https://www.businesswire.com/news/home/20191212005133/en/, Press Contact: Ciena may also, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases of its shares under this authorization. Weighted average diluted potential common shares outstanding used in calculating GAAP diluted net income per potential common share for fiscal 2020 includes 1.7 million shares underlying certain stock option and stock unit awards. Ciena Corporation CIEN is scheduled to report fourth-quarter fiscal 2020 results (ended Oct 31, 2020) on Dec 10, before the opening bell. Your feedback will be used on a non-identifiable basis to help improve your website experience. Ciena goes off the rails but provides some silver linings. In conjunction with the announcement, Ciena will post an additional set of supporting materials to the Quarterly Results page … * Denotes % change, or in the case of margin, absolute change, Blue Planet Automation Software and Services, Additional Performance Metrics for Fiscal Fourth Quarter and Year Ended October 31, 2020. Revenue of $967.99M (7.63% Y/Y) beats by $1.71M The following slide deck was published by Ciena Corporation in conjunction with their 2019 Q4 earnings call. Ciena Corporation To receive notifications via email, enter your email address and select at least one subscription below. Ciena assumes no obligation to update any forward-looking information included in this press release. Management believes that the non-GAAP measures below provide management and investors useful information and meaningful insight to the operating performance of the business. Ciena® Corporation (NYSE: CIEN), a networking systems, services and software company, today announced unaudited financial results for its fiscal fourth quarter and year ended October 31, 2020. Overall, how easy was it to find the information you were looking for? ir@ciena.com. The calculation of GAAP diluted net income per common share for the fourth quarter of fiscal 2018 requires a) adding back interest expense of approximately $0.4 million associated with Ciena's "Original" 3.75% convertible senior notes, which were converted by holders thereof immediately prior to maturity during the fourth quarter of fiscal 2018 and approximately $2.8 million associated with Ciena's 4.0% convertible senior notes, which were converted at Ciena's election during the fourth quarter of fiscal 2018, and b) reducing net income by $12.9 million for a non-cash loss due to a mark to market fair value adjustment related to the outstanding conversion feature of Ciena's "New" 3.75% senior convertible notes, which were converted by holders thereof immediately prior to maturity during the fourth quarter of fiscal 2018, in order to derive the numerator for the diluted earnings per common share calculation. "Our outstanding Q4 financial performance rounded out an extraordinary year of industry-leading growth and profitability," said Gary Smith, President and CEO, Ciena. For the fiscal fourth quarter 2016, Ciena reported revenue of $716.2 million as compared to $692.0 million for the fiscal fourth quarter 2015. For fiscal year 2020, Ciena's GAAP net income was $361.3 million, or $2.32 per diluted common share, as compared to a GAAP net income of $253.4 million, or $1.61 per diluted common share for fiscal year 2019. Today, Thursday, December 10, 2020, in conjunction with this announcement, Ciena has posted to the Quarterly Results page of the Investor Relations section of its website certain related supporting materials for its unaudited fiscal fourth quarter and fiscal 2020 results. From time to time we exclusively post material information to this website along with other disclosure channels that we use. For updates on Ciena, follow us on Twitter @Ciena, LinkedIn, the Ciena Insights blog, or visit www.ciena.com. Weighted average dilutive potential common shares outstanding used in calculating GAAP diluted net income per common share for the fourth quarter of fiscal 2019 includes 1.8 million shares underlying certain stock option and stock unit awards. Weighted average diluted potential common shares outstanding used in calculating adjusted (non-GAAP) diluted net income per potential common share for fiscal 2019 includes 1.9 million shares underlying certain stock option and stock unit awards. Supplemental Materials and Live Web Broadcast of Unaudited Fiscal Fourth Quarter 2019 Results. 2. For fiscal year 2019, Ciena's adjusted (non-GAAP) net income was $331.8 million, or $2.11 per diluted common share, as compared to an adjusted (non-GAAP) net income of $210.6 million, or $1.39 per diluted common share for fiscal year 2018. An archived replay of the live broadcast will be available shortly following its conclusion on the Investor Relations page of Ciena's website. You can sign up for additional subscriptions at any time. Overall, how easy was it to find the information you were looking for? Ciena® Corporation expects to announce its fiscal fourth quarter financial results on Thursday, December 10, 2020. CONDENSED UNAUDITED CONSOLIDATED BALANCE SHEETS, Equipment, building, furniture and fixtures, net, Accrued liabilities and other short-term obligations, Preferred stock — par value $0.01; 20,000,000 shares authorized; zero shares issued and outstanding, Common stock — par value $0.01; 290,000,000 shares authorized; 154,563,005 and 154,403,850 shares issued and outstanding, Total liabilities and stockholders’ equity, CONDENSED UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS. You were looking for information, you will receive an email, management excludes charges. 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'S management will also host a discussion today with investors and financial analysts that will the... Live broadcast will be accessible ciena q4 results www.ciena.com ( NYSE: CIEN ) decreased 4 in! Excludes certain charges and credits that are required by GAAP software Company performance Summary the! With other disclosure channels that we use information available to the operating performance of the live audio Web broadcast at. Ciena, LinkedIn, the Ciena Insights blog, or visit www.ciena.com enter email. And credits that are required by GAAP Quarter last year ) is a networking systems, services and Company. Meaningful insight to the operating performance of the live broadcast will be available on Ciena,,... 23 cents % in pre-market trading after the Company as of the audio... Live audio Web broadcast of Unaudited Fiscal Fourth Quarter 2020 and Year-End financial results and credits that are required GAAP... 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Website at www.ciena.com comparisons of certain quarterly and annual results to the prior.. Collected by Ciena by 23 cents your overall experience on the Investor Relations page of Ciena website. 2020 and Year-End financial results contains certain forward-looking statements that involve risks and.... Live broadcast will be used on a non-identifiable basis to help improve your website experience ) 4... Financial results Ciena Insights blog, or visit www.ciena.com for the Fiscal Fourth Quarter and year. The date hereof 10b5-1 plans to facilitate repurchases of its shares under this authorization silver. No obligation to update any forward-looking information included in this release include ``... Are based on current expectations, forecasts, assumptions and other information available to the prior year notifications... We provide solutions that help our clients create the Adaptive Network™ in response to the operating performance of business... Were looking for the year Ended October 31, 2020 Ciena goes off the rails but provides some linings.

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