Ciena Corporation: Increased Deployment of Coherent Pluggable Technology in Data Centers! 

Ciena Corporation reported its fiscal second quarter 2024 financial results, delivering a mixture of strengths and areas for caution. Revenue for the quarter reached $911 million, aligned with market expectations but reflecting the ongoing variability in the order patterns of service providers, particularly impacted by inventory adjustments. The adjusted gross margin stood at 43.5%, showcasing the company’s ability to maintain profitability even in a fluctuating market scenario. Despite the challenges, Ciena achieved a commendable adjusted operating margin of 6.8% and reported quarterly adjusted EPS of $0.27.