Ciena Corp (CIEN)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 293,837 | 323,653 | 318,515 | 269,005 | 228,782 | 182,505 | 246,450 | 373,161 | 450,479 | 462,751 | 419,265 | 458,740 | 451,133 | 426,574 | 410,855 | 250,169 | 137,783 | 137,553 | 135,169 | 156,432 |
| 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 |
| Pretax margin | 6.73% | 7.38% | 7.53% | 6.68% | 5.95% | 5.02% | 6.66% | 9.76% | 12.15% | 12.78% | 12.30% | 13.51% | 13.05% | 12.27% | 11.85% | 7.77% | 4.63% | 4.68% | 4.74% | 5.56% |
January 27, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $293,837K ÷ $4,367,750K
= 6.73%
Based on the data provided, CIENA Corp.'s pretax margin has shown fluctuating trends over the past eight quarters. The pretax margin ranged from a low of 5.02% in Q4 2022 to a high of 9.76% in Q2 2022, with Q3 2023 also posting a relatively high margin of 7.53%.
The pretax margin indicates the company's ability to generate profits before taking into account taxes and is a key measure of operational efficiency and profitability. CIENA Corp.'s pretax margin has generally been within a moderate range between 5% to 9.76% in recent quarters, with potential areas for improvement suggested in the lower margin values.
Further analysis of the company's operational costs, revenue streams, and overall financial performance would provide more insights into the factors influencing these fluctuations in the pretax margin over the period.
Peer comparison
Jan 27, 2024