Earnings RevisionCIEN's recent earnings were impacted by a slower recovery from service providers, necessitating a downward revision in guidance.
Market DemandCisco January quarter noted a 40% order decline in Service Provider, indicating potential headwinds for CIEN.
Revenue GuidanceManagement reduced its FY24 revenue guidance to $4.15bn, versus the prior $4.50bn, due to weaker service provider growth.