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

Issuer:     CIENA CORP (CIEN)
CIK:        0000936395
Form:       8-K
Filed at:   2023-08-31T23:59:59+00:00
Accession:  0000936395-23-000030
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/936395/000093639523000030/0000936395-23-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/936395/000093639523000030/cien-20230831.htm
  HTML page:      https://secwatch.observer/filing/0000936395-23-000030

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