The Latest Breaking News from Ciena Corp

The S&P 500 Index ($SPX ) (SPY ) today is down -0.16%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +1.41%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.23%. June E-mini S&P futures (ESM26 ) are down -0.14%, and June E-mini Nasdaq futures...

Earnings season is winding down, but we still have a couple of big name companies reporting. This week we have Broadcom, Crowdstrike, Palo Alto Networks, Medtronic and Ciena Corp all reporting.

Ciena Corp (NYSE: CIEN) shares are trading lower Thursday after the company reported worse-than-expected financial results.

Ciena Corp (NYSE:CIEN) reported second-quarter FY22 revenue growth of 13.8% year-on-year to $949.2 million, missing the consensus of $950.8 million. Segments: Total Networking Platforms revenue rose by 15.3% Y/Y to $734.5 million, and Total Global Services increased 10.9% Y/Y to $128.7 million. Margins: The adjusted gross margin contracted 620 bps to 43% as costs surged…

Ciena Corp (NYSE:CIEN) reported first-quarter FY22 revenue growth of 11.5% year-on-year to $844.4 million, missing the consensus of $856.85 million. Segments: Total Networking Platforms revenue rose by 8.7% Y/Y to $626.6 million, and Total Global Services increased 8.9% Y/Y to $123.8 million. Margins: The adjusted gross margin contracted 180 bps to 46.2% as costs surged…