On June 2, 2022, Ciena reported its fiscal Q2 2022 results for the 4th ending April 2022.

Prudent investors seeking vulnerability successful broadband web infrastructure solutions tin ticker for opportunistic pullbacks successful shares of Ciena. The recovery successful the availability of proviso is the astir impactful constituent of show and gross growth. The important request for Ciena products is further adding to the supply chain challenges arsenic they get worse. Many of the low-value commoditized parts indispensable to merchandise of IC and SMIC are superior sourced retired of China, which was impacted by the COVID lockdowns. CienaвЂ™s book-to-bill ratio grew good implicit 1.5X from $2.2 cardinal astatine the extremity of 2021 to implicit $4 cardinal by the extremity of Q2 2022. The shortfall comes from the industry-wide supply concatenation constraints against robust merchandise request causing increasing backlog.

The Company lowered its fiscal full-year 2022 gross maturation percent to mid-single digits from its 11% to 13% erstwhile outlook. The optical fibre shaper is instrumental successful the deployment of 5G infrastructure and maturation successful wireless and accelerated cloud adoption astatine the edge of the network. Adaptive web solutions supplier Ciena Corporation (NYSE: CIEN) banal has mislaid (-43%) successful the 2022 carnivore marketplace falling for 11 consecutive weeks.

Cardinal chains level 43