Ciena Corp (CIEN)
Pretax margin
| Nov 2, 2024 | Oct 28, 2023 | Oct 29, 2022 | Oct 30, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 119,850 | 323,653 | 182,505 | 462,751 | 455,961 |
| Revenue | US$ in thousands | 4,014,960 | 4,386,550 | 3,632,660 | 3,620,680 | 3,532,160 |
| Pretax margin | 2.99% | 7.38% | 5.02% | 12.78% | 12.91% |
November 2, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $119,850K ÷ $4,014,960K
= 2.99%
The pretax margin of Ciena Corp has fluctuated over the past five years, ranging from a low of 2.99% on Nov 2, 2024, to a high of 12.91% on Oct 31, 2020. The trend indicates a decrease in profitability from 2020 to 2024, with a significant drop from 12.91% to 2.99%. This may suggest challenges in managing operating expenses or generating sufficient revenues to cover costs. Further analysis is recommended to identify the specific factors contributing to the fluctuation in pretax margin and to develop strategies for improving profitability.
Peer comparison
Nov 2, 2024