secwatch.observer — SEC 8-K summary
======================================

Issuer:     CIENA CORP (CIEN)
CIK:        0000936395
Form:       8-K
Filed at:   2022-06-02T23:59:59+00:00
Accession:  0000936395-22-000042
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ciena Q2 revenue $949M (+14% YoY); GAAP EPS $0.25, adj. EPS $0.50; supply constraints
--------------------------------------------------------------------------------

- Revenue $949.2M, up 13.8% YoY; GAAP net income $38.9M ($0.25 EPS) vs $103.1M ($0.66 EPS) YoY.
- Adjusted (non-GAAP) EPS $0.50, down from $0.62 YoY; adjusted gross margin 43.0%, down 620 bps.
- Strong order flow and backlog growth; near-term performance dependent on component availability.
- Repurchased ~1.5M shares for $87M during quarter; cash and investments $1.6B.
- Cash from operations $105.8M; DSOs 87 days; inventory $536.9M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/936395/000093639522000042/0000936395-22-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/936395/000093639522000042/cien-20220602.htm
  HTML page:      https://secwatch.observer/filing/0000936395-22-000042

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