secwatch.observer — SEC 8-K summary
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Issuer:     CIENA CORP (CIEN)
CIK:        0000936395
Form:       8-K
Filed at:   2022-02-15T23:59:59+00:00
Accession:  0000936395-22-000016
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ciena pre-announces Q1 revenue $840-850M, below guidance; maintains FY2022 growth target of 11-13%
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- Revenue expected $840-850M vs prior guidance of $870-910M due to late-quarter supply chain disruptions.
- Adjusted gross margin ~45-46%, at high end of prior 43-46% guidance.
- GAAP operating expense ~$324M; adjusted ~$290M, in line with guidance.
- Company reiterates FY2022 revenue growth guidance of 11-13% year-over-year.
- CEO cites 'unprecedented demand' but supply chain constraints reduced ability to fully mitigate.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/936395/000093639522000016/0000936395-22-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/936395/000093639522000016/cien-20220215.htm
  HTML page:      https://secwatch.observer/filing/0000936395-22-000016

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