Have you ever heard of Ciena (ticker symbol: CIEN), a US stock?
Ciena (ticker symbol: CIEN) is an American supplier of telecommunications network equipment and software services.
In this article, I will introduce the company’s financial results for the period from February to April 2021, which were announced on June 2, 2021.
February to April 2021
EPS is 62¢ vs. 48¢ expected.
Net sales: $834 million vs. $829 million expected.
Sales growth was -6.7% YoY.
Cash on the balance sheet was $1.4 billion. Cash on the balance sheet was $1.4 billion, compared to $989 million in the same period last year.
Net cash after deducting debt was $696 million. Net cash after debt was $696 million, compared to $235 million in the same period last year.
Operating cash flow was $225 million. Cash flow from operations was $225 million, compared to $91 million in the same period last year.