secwatch.observer — SEC 8-K summary
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Issuer:     CIENA CORP (CIEN)
CIK:        0000936395
Form:       8-K
Filed at:   2024-12-12T23:59:59+00:00
Accession:  0000936395-24-000037
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 5.02, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/936395/000093639524000037/0000936395-24-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/936395/000093639524000037/a8-k2024q4earningsresults.htm
  HTML page:      https://secwatch.observer/filing/0000936395-24-000037

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