secwatch.observer — SEC 8-K summary
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Issuer:     CIENA CORP (CIEN)
CIK:        0000936395
Form:       8-K
Filed at:   2022-03-07T23:59:59+00:00
Accession:  0000936395-22-000024
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ciena Q1 revenue up 11.5% to $844M; GAAP EPS $0.29, adj EPS $0.47, margins down YoY
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- Revenue $844.4M (+11.5% YoY); GAAP net income $45.8M ($0.29 diluted EPS) vs $55.3M ($0.35) YoY.
- Adjusted net income $72.6M ($0.47 diluted EPS) vs $81.3M ($0.52) YoY; adj gross margin 46.2% down from 48.0%.
- Americas revenue $595.1M (70.5% of total); one customer accounted for 13.1% of revenue.
- Entered $250M ASR; completed in Q2 with ~3.6M shares repurchased. Cash and investments $1.7B.
- CEO cites strong orders growth; expects supply chain capacity improvement in H2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/936395/000093639522000024/0000936395-22-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/936395/000093639522000024/cien-20220307.htm
  HTML page:      https://secwatch.observer/filing/0000936395-22-000024

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