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AI brief of an SEC Form 8-K · Ciena (CIEN)

Ciena Q2 revenue falls 19.6% to $910.8 million; posts GAAP net loss

Negative Impact 4 of 5 earnings Written later

Ciena reported fiscal second quarter 2024 revenue of $910.8 million, down 19.6% from $1.13 billion a year earlier. The company posted a GAAP net loss of $16.8 million, or $0.12 per diluted share, compared with GAAP net income of $57.7 million, or $0.38 per share, a year earlier. Both revenue and profit declined sharply, which weighs on shareholders.

Key points

  • Q2 revenue $910.8 million versus $1.13 billion in Q2 2023, down 19.6%
  • GAAP net loss of $16.8 million ($0.12 per diluted share) versus GAAP net income of $57.7 million ($0.38) a year earlier
  • Adjusted (non-GAAP) EPS of $0.27 versus $0.74; adjusted EBITDA of $85.8 million versus $180.6 million
  • Repurchased about 1.1 million shares for $57.0 million during the quarter

The filing

CompanyCiena (CIEN)
Form8-K, current report
Filed with the SECJun 6, 2024, 7:03 AM ET
Accession number0000936395-24-000022

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 06, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.