Ciena Corp (CIEN)
Return on equity (ROE)
| Nov 2, 2024 | Jul 27, 2024 | Apr 27, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 83,956 | 138,127 | 153,630 | 228,133 | 254,827 | 221,273 | 202,052 | 183,320 | 152,902 | 198,756 | 426,476 | 490,671 | 500,196 | 461,738 | 365,773 | 354,311 | 332,579 | 318,378 | 189,967 | -375,051 |
| Total stockholders’ equity | US$ in thousands | 2,816,140 | 2,890,870 | 2,880,260 | 2,923,500 | 2,848,360 | 2,947,010 | 2,908,650 | 2,838,300 | 2,712,860 | 2,667,740 | 2,782,420 | 2,814,790 | 3,020,020 | 2,924,240 | 2,693,260 | 2,586,510 | 2,509,600 | 2,428,870 | 2,240,580 | 2,054,300 |
| ROE | 2.98% | 4.78% | 5.33% | 7.80% | 8.95% | 7.51% | 6.95% | 6.46% | 5.64% | 7.45% | 15.33% | 17.43% | 16.56% | 15.79% | 13.58% | 13.70% | 13.25% | 13.11% | 8.48% | -18.26% |
November 2, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $83,956K ÷ $2,816,140K
= 2.98%
The return on equity (ROE) of Ciena Corp has fluctuated over the past few quarters. ROE is a measure of a company's profitability relative to its shareholders' equity, indicating how effectively the company is using its equity to generate profit.
From the data provided:
- The ROE for the most recent quarter, ending November 2, 2024, was 2.98%, indicating a relatively low level of profitability compared to the equity invested by shareholders.
- The ROE has ranged from a low of -18.26% on January 31, 2019, to a high of 17.43% on January 29, 2022.
- There was a significant peak in ROE at 17.43% on January 29, 2022, followed by a gradual decline in subsequent quarters, with fluctuations in profitability levels.
Overall, the ROE of Ciena Corp has shown variability over the periods presented, reflecting fluctuations in the company's profitability and effectiveness in generating returns for its shareholders. It is important for investors and analysts to closely monitor these trends to assess the company's financial performance and management of shareholder equity.
Peer comparison
Nov 2, 2024