Ciena Corp (CIEN)
Gross profit margin
| Nov 2, 2024 | Oct 28, 2023 | Oct 29, 2022 | Oct 30, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,719,590 | 1,878,850 | 1,560,340 | 1,721,980 | 1,652,890 |
| Revenue | US$ in thousands | 4,014,960 | 4,386,550 | 3,632,660 | 3,620,680 | 3,532,160 |
| Gross profit margin | 42.83% | 42.83% | 42.95% | 47.56% | 46.80% |
November 2, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,719,590K ÷ $4,014,960K
= 42.83%
The trend in Ciena Corp's gross profit margin over the past five years has been relatively stable, ranging from 42.83% to 47.56%. The company's gross profit margin peaked at 47.56% in October 2021 and has since slightly declined to 42.83% in November 2024, showing a downward trend over the period. This downward trend may indicate potential challenges in managing production costs or pricing strategies. Further analysis of underlying factors contributing to the changes in gross profit margin is needed to assess the overall financial health and efficiency of Ciena Corp.
Peer comparison
Nov 2, 2024