secwatch.observer — SEC 8-K summary
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Issuer:     CIENA CORP (CIEN)
CIK:        0000936395
Form:       8-K
Filed at:   2023-03-06T23:59:59+00:00
Accession:  0000936395-23-000009
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ciena Q1 FY2023 revenue $1.06B (+25% YoY); GAAP EPS $0.51, adj. EPS $0.64
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- Revenue $1.06B (+25% YoY); GAAP net income $76.2M ($0.51/diluted), adjusted $95.6M ($0.64).
- GAAP gross margin 43.2% (down 2.3pp YoY); adjusted gross margin 43.7% (down 2.5pp).
- Networking Platforms revenue $855.1M (80.9% of total); Converged Packet Optical up 36% to $735.6M.
- Cash used in operations $265.6M; cash & investments $1.2B; DSOs 103 days; inventory $1.18B.
- Two customers represented 25.7% of revenue; no specific forward guidance in release.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/936395/000093639523000009/0000936395-23-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/936395/000093639523000009/cien-20230306.htm
  HTML page:      https://secwatch.observer/filing/0000936395-23-000009

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