Ciena(US:CIEN)2024-09-04 12:16Financial Performance - Ciena's Q3 FY24 revenue was $942.3 million, compared to $1,067.9 million in Q3 FY23[17] - The adjusted gross margin was 43.7% in Q3 FY24, up from 42.7% in Q3 FY23[17] - Adjusted operating expenses were $336.0 million in Q3 FY24, compared to $327.9 million in Q3 FY23[17] - Adjusted EBITDA was $98.5 million in Q3 FY24, down from $151.3 million in Q3 FY23[17] - Adjusted EPS was $0.35 in Q3 FY24, compared to $0.59 in Q3 FY23[17] Revenue Segmentation - Networking Platforms revenue was $699.5 million in Q3 FY24, representing 74.2% of total revenue, compared to $846.6 million (79.2%) in Q3 FY23[19] - Optical Networking contributed $606.8 million, or 64.4% of total revenue in Q3 FY24, versus $719.0 million (67.3%) in Q3 FY23[19] - Routing and Switching revenue was $92.7 million (9.8%) in Q3 FY24, compared to $127.6 million (11.9%) in Q3 FY23[19] - Global Services revenue totaled $133.8 million, accounting for 14.2% of total revenue in Q3 FY24, compared to $129.3 million (12.1%) in Q3 FY23[19] Market and Strategy - Non-telco customers accounted for approximately 46% of Ciena's total revenue in Q3 FY24[14, 20] - Ciena is targeting $250 million for FY2024 to complete the stock repurchase plan[14] - Ciena's addressable market expansion strategy targets a $15 billion expansion by 2027, with a CAGR of 36%[11]