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INTEREST AND OTHER INCOME, NET (Tables)
 6 Months Ended
May 03, 2025
Other Income and Expenses [Abstract]  
Schedule of Interest and Other Income, Net
The components of interest and other income, net, are as follows for the periods indicated (in thousands):
Quarter EndedSix Months Ended
May 3,April 27,May 3,April 27,
2025202420252024
Interest income$13,435 $15,255 $27,145 $30,433 
Gains (losses) on non-hedge designated foreign currency forward contracts(1)
536 (1,114)(2,337)1,998 
Foreign currency exchange losses(2)
(4,243)(411)(3,003)(9,604)
Other(1,857)(1,933)(2,356)(380)
Interest and other income, net$7,871 $11,797 $19,449 $22,447 

(1) Ciena has forward contracts in place to hedge its foreign exchange exposure in order to reduce the variability in various currencies of certain balance sheet items. These forwards are not designated as hedges for accounting purposes, and any net gain or loss associated with these derivatives is reported in interest and other income, net, on the Condensed Consolidated Statements of Operations.
(2) Ciena Corporation, as the U.S. parent entity, uses the U.S. Dollar as its functional currency; however, some of its foreign branch offices and subsidiaries use local currencies as their functional currencies. The related remeasurement adjustments were recorded in interest and other income, net, on the Condensed Consolidated Statements of Operations.