Ciena Corp
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A maker of the fiber-optic gear that carries the world's internet traffic, Ciena builds optical networking, routing, and switching systems used by telecom carriers, cloud providers, and enterprises. Its products include the 6500 Packet-Optical Platform, Waveserver, and Blue Planet automation software. Founded in 1992 by engineer David Huber as HydraLite, the company was renamed Ciena in 1994 when its first CEO, Patrick Nettles, coined the new name. It introduced the MultiWave 1600, the world's first commercially available 16-channel DWDM platform, which helped jumpstart the modern fiber-optic era.
0.875% Convertible Senior Notes due 2017
10-Q · Quarter ended May 2, 2026 · SEC filing ↗
Ciena's more than doubled from a year ago. rose 39.5% to $1.57 billion and widened 3.8 points to 44.0%, as product cost reductions and pricing optimization on optical gear sold to cloud providers more than offset lower manufacturing efficiencies. The quarter leaves the company with its highest in the periods shown, but services margin continues to erode.
Revenue surged 40% YoY to $1.6B in Q2 FY2026, driven by cloud/AI demand, with gross margin expanding 380 bps to 44.0%.
We are exposed to market risk related to changes in interest rates and foreign currency exchange rates. For a discussion of quantitative and qualitative disclosures about market risk, see “Quantitative and Qualitative Disclosures About Market Risk” in Item 7A of Part II of our 2…
We are exposed to market risk related to changes in interest rates and foreign currency exchange rates. For a discussion of quantitative and qualitative disclosures about market risk, see “Quantitative and Qualitative Disclosures About Market Risk” in Item 7A of Part II of our 2025 Annual Report.
Read original filing text →The information set forth under the heading “Commitments and Contingencies - Litigation” in Note 18 to our Condensed Consolidated Financial Statements included in Item 1 of Part I of this report, is incorporated herein by reference.
The information set forth under the heading “Commitments and Contingencies - Litigation” in Note 18 to our Condensed Consolidated Financial Statements included in Item 1 of Part I of this report, is incorporated herein by reference.
Read original filing text →There has been no material change to our Risk Factors from those presented in our 2025 Annual Report. Investing in our securities involves a high degree of risk. Before investing in our securities, you should consider carefully the information contained in this report and in our…
There has been no material change to our Risk Factors from those presented in our 2025 Annual Report. Investing in our securities involves a high degree of risk. Before investing in our securities, you should consider carefully the information contained in this report and in our 2025 Annual Report, including the information under Item 1A of Part I thereof. This report contains forward-looking statements that involve risks and uncertainties. See “Management’s Discussion and Analysis of Financial Conditions and Results of Operations – Cautionary Note Regarding Forward-Looking Statements” in Item 2 of Part I of this report. Our actual results could differ materially from those contained in the forward-looking statements. Any of the risks discussed in our 2025 Annual Report, in this report, in other reports we file with the SEC, and other risks we have not anticipated or discussed, could have a material adverse impact on our business, financial condition, or results of operations.
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