secwatch.observer — SEC 8-K summary
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Issuer:     CIENA CORP (CIEN)
CIK:        0000936395
Form:       8-K
Filed at:   2022-12-08T23:59:59+00:00
Accession:  0000936395-22-000058
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ciena Q4 revenue $971M, down 6.8% YoY; GAAP EPS $0.39, adjusted $0.61; sees FY23 growth
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- Q4 revenue $971M, below prior year $1.04B; FY2022 revenue $3.63B flat YoY.
- GAAP net income $57.6M ($0.39/share) vs $103.5M ($0.66) prior year; adjusted $90.9M ($0.61).
- Converged Packet Optical revenue $649.9M (66.9% of total) vs $754.6M; Routing & Switching $102.8M.
- GAAP gross margin 44.7% (down 110bps YoY); adjusted gross margin 45.2%.
- CEO expects outsized revenue growth in FY2023 driven by strong backlog and gradual supply improvements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/936395/000093639522000058/0000936395-22-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/936395/000093639522000058/cien-20221208.htm
  HTML page:      https://secwatch.observer/filing/0000936395-22-000058

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