Ciena Q4 revenue $1.12B, GAAP EPS $0.25, adjusted EPS $0.54; Exec Chair Nettles to retire, Fitt new Chair

CIENA CORP

2024-FY EPS reported $0.58 revenue$4,014,955,000

Q4 revenue $1.124B (-0.5% YoY); GAAP EPS $0.25, adjusted EPS $0.54 (vs $0.62 and $0.75 YoY).
FY2024 revenue $4.015B (-8.5% YoY); GAAP EPS $0.58, adjusted EPS $1.82 (vs $1.71 and $2.72). Repurchased 2.1M shares for $132M.
Patrick Nettles stepped down as Exec Chair, will retire after 2025 meeting; Lawton Fitt appointed independent Chair; CFO Moylan to assume principal accounting officer role.
Optical Networking segment revenue $779.6M (+4.2% YoY); Routing & Switching $79.4M (-38.4%). Cash from ops $514.5M for FY.

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Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

CIENA CORP: Amended and Restated Bylaws to clarify procedural mechanics and disclosure requirements for stockholder nominations and proposals, and make administrative and ministerial language updates (effective 2024-12-11).

Change: bylaw amendment
Effective: 2024-12-11

Exact text from the filing

On December 11, 2024, in connection with a periodic review of Ciena's bylaws, the Board adopted and approved Ciena’s Amended and Restated Bylaws (the “Amended Bylaws”). The amendments contained in the Amended Bylaws (i) clarify procedural mechanics and disclosure requirements in connection with stockholder nominations of directors and submission of stockholder proposals made in connection with annual and special meetings of stockholders, and (ii) make administrative and ministerial language updates.

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89 governance changes filed in the last 30 days. Browse all governance changes →

CIENA CORP filing history →

Source: SEC EDGAR

accession 0000936395-24-000037

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