Ciena Q3 revenue down 11.8% to $942.3M; adj EPS $0.35; CFO Moylan to retire Aug 2025

CIENA CORP

2024-Q3 EPS reported $0.32 revenue$2,890,843,000

Revenue $942.3M, down 11.8% YoY from $1.07B.
GAAP EPS $0.10; adjusted EPS $0.35; down from $0.20 GAAP and $0.59 adjusted YoY.
Optical Networking revenue $606.8M (64.4% of total) vs $719M (67.3%) prior year.
CFO James E. Moylan to retire Aug 28, 2025 after 16 years; successor search underway.
Cash flow from operations -$159.4M; cash and investments $1.2B.

item 2.02 item 5.02 item 9.01

Executive movements

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Departed

James E. Moylan, Jr.

Senior Vice President and Chief Financial Officer

CIEN · CIENA CORP

Effective: 2025-08-28
Filed: September 4, 2024, 7:59 PM ET

On August 28, 2024, James E. Moylan, Jr., (age 73), Senior Vice President and Chief Financial Officer, notified Ciena of his decision to retire in twelve months, effective August 28, 2025

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

James E. Moylan, Jr. departed as Senior Vice President and Chief Financial Officer at CIENA CORP.

Action: retire
Role: Senior Vice President and Chief Financial Officer

Exact text from the filing

On August 28, 2024, James E. Moylan, Jr., (age 73), Senior Vice President and Chief Financial Officer, notified Ciena of his decision to retire in twelve months, effective August 28, 2025

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CIENA CORP filing history →

Source: SEC EDGAR

accession 0000936395-24-000030

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