Ciena Corp (CIEN)
Gross profit margin
| Oct 28, 2023 | Oct 29, 2022 | Oct 30, 2021 | Oct 31, 2020 | Oct 31, 2017 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,878,850 | 1,560,340 | 1,721,980 | 1,652,890 | 1,245,790 |
| Revenue | US$ in thousands | 4,386,550 | 3,632,660 | 3,620,680 | 3,532,160 | 2,801,690 |
| Gross profit margin | 42.83% | 42.95% | 47.56% | 46.80% | 44.47% |
October 28, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,878,850K ÷ $4,386,550K
= 42.83%
The gross profit margin of CIENA Corp. has shown some fluctuations over the past five years. In 2023, the gross profit margin decreased slightly to 42.83% from 42.95% in 2022. However, it is important to note that the gross profit margin was notably higher in 2021 at 47.56% compared to the previous two years. The company's gross profit margin in 2020 was 46.80%, and in 2019, it was 43.17%. These variations in gross profit margin may indicate changes in the company's pricing strategy, cost of goods sold, or sales volume. Further analysis of the company's financial and operational performance would be necessary to fully understand the factors driving these fluctuations.
Peer comparison
Oct 28, 2023