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

Ciena Q3 revenue falls 11.8% to $942.3 million; CFO James Moylan to retire

Negative Impact 4 of 5 earnings Written later

Ciena reported fiscal third-quarter 2024 revenue of $942.3 million, down 11.8% from $1.07 billion a year earlier, with GAAP net income of $14.2 million ($0.10 per diluted share) versus $29.7 million ($0.20) in the prior-year quarter. The company also said Chief Financial Officer James E. Moylan, Jr. will retire effective August 28, 2025, and that a search for his successor has begun.

Key points

  • Q3 revenue $942.3 million vs. $1.07 billion in Q3 2023; Optical Networking revenue was $606.8 million vs. $719.0 million
  • GAAP diluted EPS $0.10 vs. $0.20 a year earlier; adjusted (non-GAAP) EPS $0.35 vs. $0.59
  • CFO James E. Moylan, Jr. (age 73) to retire effective August 28, 2025, after more than 16 years in the role; he will stay until a successor is in place
  • Company repurchased about 0.6 million shares for $29.0 million in the quarter

The filing

CompanyCiena (CIEN)
Form8-K, current report
Filed with the SECSep 4, 2024, 7:05 AM ET
Accession number0000936395-24-000030

Items reported: 2.02 Results of Operations5.02 Director / Officer Change

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 September 04, 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.