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ciena corp. - CIEN

CIEN

Close Chg Chg %
67.10 -0.59 -0.88%

Pre-Market

66.51

-0.59 (0.88%)

Volume: 1.02M

Last Updated:

Nov 20, 2024, 3:59 PM EDT

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Company Overview: ciena corp. - CIEN

CIEN Key Data

Open

$66.81

 Day Range

65.98 - 67.32

52 Week Range

42.22 - 73.47

 Market Cap

$9.69B

Shares Outstanding

144.43M

 Public Float

142.09M

Beta

0.94

 Rev. Per Employee

N/A

P/E Ratio

71.54

 EPS

$0.94

Yield

0.00%

 Dividend

N/A

EX-DIVIDEND DATE

SHORT INTEREST

N/A

AVERAGE VOLUME

1.56M

  

CIEN Performance

1 Week
 
 -0.18%
 
1 Month
 
 2.71%
 
3 Months
 
 18.68%
 
1 Year
 
 45.71%
 
5 Years
 
 81.55%
 

CIEN Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 18
Full Ratings ➔

About ciena corp. - CIEN

Ciena Corp. is involved in the optical and routing systems, services, and automation software business, which engages in the provision of network and communication infrastructure. It operates through the following segments: Networking Platforms, Platform Software and Services, Blue Planet Automation Software and Services, and Global Services. The Networking Platforms segment consists of Converged Packet Optical and Packet Networking portfolios. The Platform Software and Services segment provides analytics, data, and planning tools to assist customers in managing Ciena’s Networking Platforms products. The Blue Planet Automation Software and Services segment enables customers to implement large-scale software and IT-led OSS transformations by transforming legacy networks into “service ready” networks. The Global Services segment offers a broad suite of value-added services. The company was founded by Patrick H. Nettles and Kevin B. Kimberlin in 1992 and is headquartered in Hanover, MD.

CIEN At a Glance

Ciena Corp.
7035 Ridge Road
Hanover, Maryland 21076
Phone 1-800-921-1144 Revenue 4.39B
Industry Telecommunications Equipment Net Income 254.83M
Sector Electronic Technology 2023 Sales Growth 20.753%
Fiscal Year-end 10 / 2024 Employees 8,483
View SEC Filings

CIEN Valuation

P/E Current 70.981
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 24.046
Price to Sales Ratio 1.397
Price to Book Ratio 2.086
Price to Cash Flow Ratio 36.402
Enterprise Value to EBITDA 12.655
Enterprise Value to Sales 1.52
Total Debt to Enterprise Value 0.248

CIEN Efficiency

Revenue/Employee 517,098.786
Income Per Employee 30,039.727
Receivables Turnover 3.694
Total Asset Turnover 0.822

CIEN Liquidity

Current Ratio 3.81
Quick Ratio 2.683
Cash Ratio 1.197

CIEN Profitability

Gross Margin 39.87
Operating Margin 8.773
Pretax Margin 7.378
Net Margin 5.809
Return on Assets 4.776
Return on Equity 9.164
Return on Total Capital 5.656
Return on Invested Capital 6.109

CIEN Capital Structure

Total Debt to Total Equity 58.18
Total Debt to Total Capital 36.781
Total Debt to Total Assets 29.584
Long-Term Debt to Equity 57.045
Long-Term Debt to Total Capital 36.064
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Ciena Corp. - CIEN

Collapse All in section
All values USD millions. 2020 2021 2022 2023 5-year trend
Sales/Revenue
3.53B 3.62B 3.63B 4.39B
Sales Growth
-1.12% +2.51% +0.33% +20.75%
Cost of Goods Sold (COGS) incl D&A
2.00B 2.02B 2.20B 2.64B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
132.53M 132.27M 140.20M 142.18M
Depreciation
93.91M 96.23M 95.92M 92.56M
Amortization of Intangibles
38.62M 36.03M 44.28M 49.62M
COGS Growth
-6.68% +1.11% +9.02% +19.85%
Gross Income
1.54B 1.60B 1.43B 1.75B
Gross Income Growth
+7.18% +4.32% -10.62% +22.14%
Gross Profit Margin
+43.47% +44.25% +39.42% +39.87%
2020 2021 2022 2023 5-year trend
SG&A Expense
1.02B 1.07B 1.18B 1.36B
Research & Development
435.98M 440.43M 528.73M 658.00M
Other SG&A
585.97M 634.09M 650.15M 706.09M
SGA Growth
-3.41% +5.14% +9.71% +15.71%
Other Operating Expense
- - - (4.20M)
-
Unusual Expense
21.78M 20.96M 34.32M 12.71M
EBIT after Unusual Expense
491.87M 506.53M 222.91M 372.14M
Non Operating Income/Expense
(4.59M) (12.94M) 6.64M 39.54M
Non-Operating Interest Income
6.86M 2.05M 10.06M 45.01M
Equity in Earnings of Affiliates
- - - -
-
Interest Expense
31.32M 30.84M 47.05M 88.03M
Interest Expense Growth
-16.37% -1.55% +52.58% +87.09%
Gross Interest Expense
31.32M 30.84M 47.05M 88.03M
Interest Capitalized
- - - -
-
Pretax Income
455.96M 462.75M 182.50M 323.65M
Pretax Income Growth
+45.59% +1.49% -60.56% +77.34%
Pretax Margin
+12.91% +12.78% +5.02% +7.38%
Income Tax
94.67M (37.45M) 29.60M 68.83M
Income Tax - Current - Domestic
17.69M 94.00M 37.77M 55.40M
Income Tax - Current - Foreign
12.64M 25.02M 19.34M 28.28M
Income Tax - Deferred - Domestic
65.29M (33.49M) (29.51M) (25.36M)
Income Tax - Deferred - Foreign
(947.00K) (122.98M) 2.01M 10.51M
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
361.29M 500.20M 152.90M 254.83M
Minority Interest Expense
- - - -
-
Net Income
361.29M 500.20M 152.90M 254.83M
Net Income Growth
+42.56% +38.45% -69.43% +66.66%
Net Margin Growth
+10.23% +13.81% +4.21% +5.81%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
361.29M 500.20M 152.90M 254.83M
Preferred Dividends
- - - -
-
Net Income Available to Common
361.29M 500.20M 152.90M 254.83M
EPS (Basic)
2.3417 3.2213 1.0112 1.7106
EPS (Basic) Growth
+43.88% +37.56% -68.61% +69.17%
Basic Shares Outstanding
154.29M 155.28M 151.21M 148.97M
EPS (Diluted)
2.3166 3.1912 1.0047 1.7059
EPS (Diluted) Growth
+44.07% +37.75% -68.52% +69.79%
Diluted Shares Outstanding
155.96M 156.74M 152.19M 149.38M
EBITDA
646.17M 659.76M 397.43M 527.03M
EBITDA Growth
+29.91% +2.10% -39.76% +32.61%
EBITDA Margin
+18.29% +18.22% +10.94% +12.01%

Snapshot

Average Recommendation OVERWEIGHT Average Target Price 65.733
Number of Ratings 18 Current Quarters Estimate 0.495
FY Report Date 01 / 2025 Current Year's Estimate 2.724
Last Quarter’s Earnings 0.64 Median PE on CY Estimate N/A
Year Ago Earnings 1.937 Next Fiscal Year Estimate 3.417
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 15 15 16 9
Mean Estimate 0.50 0.61 2.72 3.42
High Estimates 0.61 0.76 3.15 3.70
Low Estimate 0.25 0.46 2.37 3.01
Coefficient of Variance 19.63 11.54 7.48 6.78

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 6 6 10
OVERWEIGHT 2 2 3
HOLD 10 10 4
UNDERWEIGHT 0 0 0
SELL 0 0 1
MEAN Overweight Overweight Overweight

Insider Actions for Ciena Corp. - CIEN

Date Name Shares Transaction Value
Oct 11, 2024 Dino DiPerna SVP Global R&D 40,253 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $58.73 per share 2,364,058.69
Oct 11, 2024 Dino DiPerna SVP Global R&D 40,457 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $58.73 per share 2,376,039.61
Oct 11, 2024 Dino DiPerna SVP Global R&D 38,760 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $58.73 per share 2,276,374.80
Oct 11, 2024 Dino DiPerna SVP Global R&D 39,809 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $58.73 per share 2,337,982.57
Oct 11, 2024 Dino DiPerna SVP Global R&D 39,079 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $58.73 per share 2,295,109.67
Jul 18, 2024 David Marc Rothenstein SVP and Chief Strategy Officer 212,421 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $48.81 per share 10,368,269.01
Jul 18, 2024 Joe Cumello SVP, General Mgr. Blue Planet 45,974 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $48.81 per share 2,243,990.94
Jul 4, 2024 Jason M. Phipps SVP Global Sales and Marketing 96,000 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $48.29 per share 4,635,840.00
Jun 25, 2024 Gary B. Smith President, CEO; Director 364,505 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $46.96 per share 17,117,154.80
Jun 25, 2024 David Marc Rothenstein SVP and Chief Strategy Officer 216,907 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $46.96 per share 10,185,952.72
Jun 25, 2024 Brodie Gage SVP Global Products & Supply 39,276 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $46.96 per share 1,844,400.96
Jun 25, 2024 James E. Moylan SVP Finance, CFO 275,251 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $46.96 per share 12,925,786.96
Jun 25, 2024 David Marc Rothenstein SVP and Chief Strategy Officer 216,769 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $46.96 per share 10,179,472.24
Jun 25, 2024 David Marc Rothenstein SVP and Chief Strategy Officer 216,219 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $46.96 per share 10,153,644.24
Jun 25, 2024 Gary B. Smith President, CEO; Director 362,876 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $46.96 per share 17,040,656.96
Jun 25, 2024 Gary B. Smith President, CEO; Director 367,553 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $46.96 per share 17,260,288.88
Jun 25, 2024 David Marc Rothenstein SVP and Chief Strategy Officer 215,921 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $46.96 per share 10,139,650.16
Jun 25, 2024 Joe Cumello SVP, General Mgr. Blue Planet 48,261 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $46.96 per share 2,266,336.56
Jun 25, 2024 Andrew C. Petrik VP, CONTROLLER 30,672 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $46.96 per share 1,440,357.12
Jun 25, 2024 Andrew C. Petrik VP, CONTROLLER 30,725 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $46.96 per share 1,442,846.00

Ciena Corp. in the News