Ciena reaffirms fiscal Q2 and FY 2023 guidance; no change to prior outlook

CIENA CORP

Reaffirms Q2 revenue $1,035M-$1,115M, adjusted gross margin low 40s%, adjusted op expense ~$335M.
Reaffirms FY 2023 revenue growth 20-22%, adjusted gross margin 42-44%, adjusted op expense ~$330M/quarter.
Also reaffirms demand environment and normalization of backlog/inventory dynamics.

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