secwatch.observer — SEC 8-K summary
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Issuer:     CIENA CORP (CIEN)
CIK:        0000936395
Form:       8-K
Filed at:   2021-09-02T23:59:59+00:00
Accession:  0000936395-21-000036
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ciena Q3 revenue $988M, adj. EPS $0.92; acquires Vyatta virtual routing from AT&T
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- Revenue $988.1M (+1.2% YoY); GAAP EPS $1.52 includes $124.2M tax benefit; adj. EPS $0.92 vs $1.06 YoY.
- GAAP operating margin 15.0% (down from 19.3%); adj. operating margin 19.1% (down from 22.4%).
- Ciena to acquire Vyatta virtual routing/switching from AT&T; expected close by end of calendar year; terms undisclosed.
- Ciena to support Vyatta in AT&T's 5G wireless network; engineering team to be integrated into Ciena R&D.
- Cash and investments $1.5B; repurchased $26M in shares during quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/936395/000093639521000036/0000936395-21-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/936395/000093639521000036/cien-20210902.htm
  HTML page:      https://secwatch.observer/filing/0000936395-21-000036

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer