Ciena Corp (CIEN)
Net profit margin
| Oct 28, 2023 | Oct 29, 2022 | Oct 30, 2021 | Oct 31, 2020 | Oct 31, 2017 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 254,827 | 152,902 | 500,196 | 361,291 | 1,261,950 |
| Revenue | US$ in thousands | 4,386,550 | 3,632,660 | 3,620,680 | 3,532,160 | 2,801,690 |
| Net profit margin | 5.81% | 4.21% | 13.81% | 10.23% | 45.04% |
October 28, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $254,827K ÷ $4,386,550K
= 5.81%
The net profit margin of CIENA Corp. has fluctuated over the past five years. In the most recent fiscal year, ending on October 28, 2023, the net profit margin was 5.81%, which showed an increase compared to the previous year's 4.21%. However, it is notable that the net profit margin was higher in the fiscal years ending on October 30, 2021, and October 31, 2020, at 13.81% and 10.23% respectively. This implies that the company's ability to convert revenue into profit was stronger in those periods.
The variation in net profit margins may reflect changes in the company's cost structure, pricing strategies, or overall business efficiency. It would be essential to delve deeper into the company's financial reports and management discussion to further understand the drivers behind these fluctuations in net profit margin.
Peer comparison
Oct 28, 2023