secwatch.observer — SEC 8-K summary
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Issuer:     CIENA CORP (CIEN)
CIK:        0000936395
Form:       8-K
Filed at:   2024-09-04T23:59:59+00:00
Accession:  0000936395-24-000030
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/936395/000093639524000030/0000936395-24-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/936395/000093639524000030/cien-20240904.htm
  HTML page:      https://secwatch.observer/filing/0000936395-24-000030

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