secwatch.observer — SEC 8-K summary
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Issuer:     CIENA CORP (CIEN)
CIK:        0000936395
Form:       8-K
Filed at:   2024-06-06T23:59:59+00:00
Accession:  0000936395-24-000022
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ciena Q2 revenue falls 19.6% YoY to $910.8M; posts GAAP loss of $0.12/share
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- Revenue of $910.8M down 19.6% YoY from $1.13B; GAAP net loss of $16.8M vs. income of $57.7M last year.
- Adjusted EPS of $0.27 down 64% from $0.74 a year ago; adjusted operating margin 6.8% vs. 13.8%.
- Optical Networking revenue $560.2M (61.5% of total), down from $784.5M in Q2 2023 (69.3%).
- Repurchased 1.1M shares for $57M during quarter; cash from operations $58.5M; cash & investments $1.42B.
- Management cites service providers working through inventory amid strong bandwidth demand.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/936395/000093639524000022/0000936395-24-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/936395/000093639524000022/cien-20240606.htm
  HTML page:      https://secwatch.observer/filing/0000936395-24-000022

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