Ciena Q3 revenue up 23% to $1.07B; adj. EPS $0.59 vs $0.33 YoY

CIENA CORP

2023-Q3 EPS reported $1.09 revenue$3,257,062,000

Revenue $1.07B (+23% YoY); GAAP net income $29.7M ($0.20 EPS) vs $10.5M ($0.07).
Adj. net income $89.1M ($0.59 EPS) vs $49.0M ($0.33); adj. gross margin 42.7% (+2.7pp).
Repurchased ~1.4M shares for $61.2M; cash & investments $1.28B.
Board appointed Mary G. Puma, former Axcelis CEO, to Class II directorship eff. Aug 30.

item 2.02 item 5.02 item 9.01

Executive movements

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Appointed

Mary G. Puma

Director

CIEN · CIENA CORP

Effective: 2023-08-30
Filed: August 31, 2023, 7:59 PM ET

Effective August 30, 2023, the Board of Directors (the “Board”) of Ciena increased the size of the Board to ten directors and appointed Mary G. Puma to fill the newly created vacancy in Class II of the Board.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

CIENA CORP reported fiscal third quarter ended July 29, 2023 results: revenue $1.07 billion, net income $29.7 million, EPS $0.20.

Period: fiscal third quarter ended July 29, 2023
Revenue: $1.07 billion
Net income: $29.7 million
EPS: $0.20
Result: reported results

Exact text from the filing

For fiscal third quarter 2023, Ciena reported revenue of $1.07 billion as compared to $868.0 million for the fiscal third quarter 2022. Ciena's GAAP net income for the fiscal third quarter 2023 was $29.7 million, or $0.20 per diluted common share, which compares to a GAAP net income of $10.5 million, or $0.07 per diluted common share, for the fiscal third quarter 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Mary G. Puma was appointed as Director at CIENA CORP.

Action: appointed
Role: Director

Exact text from the filing

Effective August 30, 2023, the Board of Directors (the “Board”) of Ciena increased the size of the Board to ten directors and appointed Mary G. Puma to fill the newly created vacancy in Class II of the Board.

View on SEC.gov

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CIENA CORP filing history →

Source: SEC EDGAR

accession 0000936395-23-000030

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