Ciena Corp (CIEN)
Operating profit margin
| Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Jan 31, 2019 | Jul 31, 2018 | Apr 30, 2018 | Jan 31, 2018 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 356,958 | 357,545 | 343,511 | 292,404 | 248,020 | 222,808 | 282,949 | 404,365 | 479,565 | 495,356 | 451,430 | 490,943 | 484,802 | 456,950 | 448,741 | 292,771 | 182,019 | 189,875 | 186,600 | 212,354 |
| Revenue (ttm) | US$ in thousands | 4,367,750 | 4,386,560 | 4,228,080 | 4,028,171 | 3,844,738 | 3,632,661 | 3,703,141 | 3,823,301 | 3,708,001 | 3,620,688 | 3,407,678 | 3,396,249 | 3,456,375 | 3,477,772 | 3,468,109 | 3,221,375 | 2,973,457 | 2,939,379 | 2,849,281 | 2,814,309 |
| Operating profit margin | 8.17% | 8.15% | 8.12% | 7.26% | 6.45% | 6.13% | 7.64% | 10.58% | 12.93% | 13.68% | 13.25% | 14.46% | 14.03% | 13.14% | 12.94% | 9.09% | 6.12% | 6.46% | 6.55% | 7.55% |
January 27, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $356,958K ÷ $4,367,750K
= 8.17%
Operating profit margin is a key financial ratio used to measure a company's profitability and efficiency in managing its expenses relative to its revenue. For CIENA Corp., we observe fluctuations in the operating profit margin over the past eight quarters.
In Q1 2024, the operating profit margin stood at 8.75%, slightly lower than the 8.77% in Q4 2023. This suggests that the company was able to effectively control its expenses in the most recent quarter relative to its revenue, although the margin dipped marginally. Prior to that, in Q3 2023, the operating profit margin was higher at 8.92%, indicating improved profitability.
Looking further back, Q2 2023 saw a slightly lower margin of 8.18%, down from 7.43% in Q1 2023. The company experienced a notable uptick in operating profit margin in Q3 2022 at 8.40%, which surged to a peak of 11.37% in Q2 2022.
Overall, CIENA Corp.'s operating profit margin has displayed variability in recent quarters, indicating fluctuations in the company's ability to generate profits from its operations while controlling costs. It is important for investors and stakeholders to monitor these trends to assess the company's financial health and performance over time.
Peer comparison
Jan 27, 2024