Ciena Corporation reported its fiscal third quarter 2024 financial results, revealing a decrease in profit and revenue compared to the previous year. Despite this, the company exceeded market estimates, leading to a 2% rise in its stock value. The company also announced the retirement of its CFO and reaffirmed its multi-year outlook. For the upcoming fiscal fourth quarter, Ciena expects revenue to range between $1.06 billion and $1.14 billion, aiming for approximately $4 billion in revenue for the fiscal year 2024. CEO Gary Smith expressed optimism about continued growth in cloud and AI spending, despite acknowledging some supply chain challenges. The company noted a 200bps lower gross margin and an operating margin decline.