Ciena Corporation (CIEN) 10-Year Financial Performance & Capital Metrics

CIEN • • Industrial / General

TechnologyCommunication EquipmentFiber & Cable ConnectivityFiber Access & FTTH

AboutCiena Corporation provides network hardware, software, and services that support the transport, routing, switching, aggregation, service delivery, and management of video, data, and voice traffic on communications networks worldwide. The company's Networking Platforms segment offers hardware networking products and solutions that optimized for the convergence of coherent optical transport, optical transport network switching, and packet switching. Its products include 6500 Packet-Optical Platform, 5430 Reconfigurable Switching System, Waveserver stackable interconnect system, and the 6500 Reconfigurable line system, and the 5400 family of Packet-Optical platforms, as well as Z-Series Packet-Optical Platform; 3000 family of service delivery switches and service aggregation switches, and the 5000 family of service aggregation switches, as well as 8700 Packetwave Platform and the Ethernet packet configuration for the 5410 Service Aggregation Switch; and 6500 Packet Transport System. This segment also sells operating system software and enhanced software features embedded in each of its products. The company's Blue Planet Automation Software and Services segment provides multi-domain service orchestration, inventory, route optimization and analysis, network function virtualization orchestration, analytics, and related services. Its Platform Software and Service segment offers OneControl unified management system and platform software services, as well as manage, control, and plan software. The company's Global Services segment provides consulting and network design, installation and deployment, maintenance support, and training services. The company sells its products through direct and indirect sales channels to network operators. Ciena Corporation was founded in 1992 and is headquartered in Hanover, Maryland.Show more

Revenue $4.01B -8.5%
EBITDA $300M -43.1%
Net Income $84M -67.1%
EPS (Diluted) 0.58 -66.1%
Gross Margin 42.83% +7.4%
EBITDA Margin 7.47% -37.8%
Operating Margin 4.15% -52.7%
Net Margin 2.09% -64.0%
ROE 2.96% -67.7%
ROIC 3.57% -60.5%
Debt/Equity 0.58 -0.4%
Interest Coverage 1.69 -61.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 95 (top 5%)
✓High quality earnings: Operating CF exceeds net income
✓Share count reduced 2.3% through buybacks

✗Weaknesses

✗Profits declining 19.8% over 5 years
✗Expensive at 12.6x book value

Price & Volume

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Growth Metrics

Revenue CAGR

10Y5.78%

5Y2.36%

3Y3.51%

TTM12.97%

Profit (Net Income) CAGR

10Y-

5Y-19.83%

3Y-44.84%

TTM1.99%

EPS CAGR

10Y-

5Y-18.47%

3Y-43.35%

TTM3.63%

ROCE

10Y Avg9.61%

5Y Avg9.81%

3Y Avg6.29%

Latest3.58%

Peer Comparison

Fiber Access & FTTH

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LITELumentum Holdings Inc.	24.34B	343.27	927.76	21.03%	3.7%	8.22%		2.30
CIENCiena Corporation	34.34B	243.79	420.33	-8.47%	3.1%	5.05%	1.1%	0.58
ADTNADTRAN Holdings, Inc.	728.25M	9.09	-1.60	-19.7%	-8.5%	-16.18%	5.27%	0.39
UTSIUTStarcom Holdings Corp.	23.68M	2.50	-5.21	-30.95%	-62.02%	-14.39%		0.04
CLFDClearfield, Inc.	447.56M	32.34	-55.76	-9.94%	-5.36%	-3.14%	5.52%	0.03

Profit & Loss

	Oct 2015	Oct 2016	Oct 2017	Oct 2018	Oct 2019	Oct 2020	Oct 2021	Oct 2022	Oct 2023	Oct 2024
Sales/Revenue+	2.45B	2.6B	2.8B	3.09B	3.57B	3.53B	3.62B	3.63B	4.39B	4.01B
Revenue Growth %	0.07%	0.06%	0.08%	0.1%	0.15%	-0.01%	0.03%	0%	0.21%	-0.08%
Cost of Goods Sold+	1.5B	1.56B	1.67B	1.88B	2.14B	2B	2.02B	2.2B	2.64B	2.3B
COGS % of Revenue	0.61%	0.6%	0.59%	0.61%	0.6%	0.57%	0.56%	0.61%	0.6%	0.57%
Gross Profit+	950.15M	1.04B	1.14B	1.21B	1.43B	1.54B	1.6B	1.43B	1.75B	1.72B
Gross Margin %	0.39%	0.4%	0.41%	0.39%	0.4%	0.43%	0.44%	0.39%	0.4%	0.43%
Gross Profit Growth %	0.12%	0.09%	0.1%	0.07%	0.18%	0.07%	0.04%	-0.11%	0.22%	-0.02%
Operating Expenses+	827.69M	870.96M	898.5M	961.54M	1.06B	1.02B	1.07B	1.17B	1.36B	1.55B
OpEx % of Revenue	0.34%	0.33%	0.32%	0.31%	0.3%	0.29%	0.3%	0.32%	0.31%	0.39%
Selling, General & Admin	435.94M	482.56M	498.77M	554.19M	597.45M	585.97M	634.09M	645.95M	706.09M	731.32M
SG&A % of Revenue	0.18%	0.19%	0.18%	0.18%	0.17%	0.17%	0.18%	0.18%	0.16%	0.18%
Research & Development	391.75M	388.4M	399.73M	407.35M	460.56M	435.98M	440.43M	528.73M	658M	767.5M
R&D % of Revenue	0.16%	0.15%	0.14%	0.13%	0.13%	0.12%	0.12%	0.15%	0.15%	0.19%
Other Operating Expenses	0	0	0	0	0	0	0	4.2M	0	54.16M
Operating Income+	122.46M	165.72M	237.07M	253.2M	374.67M	513.65M	527.49M	257.23M	384.85M	166.62M
Operating Margin %	0.05%	0.06%	0.08%	0.08%	0.1%	0.15%	0.15%	0.07%	0.09%	0.04%
Operating Income Growth %	3.06%	0.35%	0.43%	0.07%	0.48%	0.37%	0.03%	-0.51%	0.5%	-0.57%
EBITDA+	258.23M	307.41M	359.97M	363.22M	497.39M	646.17M	659.76M	397.43M	527.03M	300.09M
EBITDA Margin %	0.11%	0.12%	0.13%	0.12%	0.14%	0.18%	0.18%	0.11%	0.12%	0.07%
EBITDA Growth %	0.81%	0.19%	0.17%	0.01%	0.37%	0.3%	0.02%	-0.4%	0.33%	-0.43%
D&A (Non-Cash Add-back)	135.77M	141.69M	122.9M	110.02M	122.71M	132.53M	132.27M	140.2M	142.18M	133.47M
EBIT	74.94M	143.37M	211.98M	204.03M	350.64M	487.28M	493.59M	229.56M	411.68M	191.21M
Net Interest Income+	-50M	-52.6M	-49.27M	-41.55M	-23.04M	-24.46M	-29.32M	-36.99M	-43.02M	-36.49M
Interest Income	1.18M	4.06M	6.58M	13.7M	14.41M	6.86M	2.05M	10.06M	45.01M	62.12M
Interest Expense	51.18M	56.66M	55.85M	55.25M	37.45M	31.32M	31.37M	47.05M	88.03M	98.61M
Other Income/Expense	-98.7M	-79M	-80.94M	-104.42M	-61.48M	-57.69M	-64.74M	-74.72M	-61.2M	-46.77M
Pretax Income+	23.76M	86.72M	156.13M	148.78M	313.19M	455.96M	462.75M	182.5M	323.65M	119.85M
Pretax Margin %	0.01%	0.03%	0.06%	0.05%	0.09%	0.13%	0.13%	0.05%	0.07%	0.03%
Income Tax+	12.1M	14.13M	-1.11B	493.47M	59.76M	94.67M	-37.45M	29.6M	68.83M	35.89M
Effective Tax Rate %	0.49%	0.84%	8.08%	-2.32%	0.81%	0.79%	1.08%	0.84%	0.79%	0.7%
Net Income+	11.67M	72.58M	1.26B	-344.69M	253.43M	361.29M	500.2M	152.9M	254.83M	83.96M
Net Margin %	0%	0.03%	0.45%	-0.11%	0.07%	0.1%	0.14%	0.04%	0.06%	0.02%
Net Income Growth %	1.29%	5.22%	16.39%	-1.27%	1.74%	0.43%	0.38%	-0.69%	0.67%	-0.67%
Net Income (Continuing)	11.67M	72.58M	1.26B	-344.69M	253.43M	361.29M	500.2M	152.9M	254.83M	83.96M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.10	0.51	7.53	-2.40	1.61	2.32	3.19	1.00	1.71	0.58
EPS Growth %	1.26%	4.1%	13.76%	-1.32%	1.67%	0.44%	0.38%	-0.69%	0.71%	-0.66%
EPS (Basic)	0.10	0.52	8.89	-2.49	1.63	2.34	3.22	1.01	1.71	0.58
Diluted Shares Outstanding	120.1M	150.7M	169.92M	143.74M	157.61M	155.96M	156.74M	152.19M	149.38M	145.96M
Basic Shares Outstanding	118.42M	138.31M	142M	138.56M	155.72M	154.29M	155.28M	151.21M	148.97M	144.72M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Oct 2015	Oct 2016	Oct 2017	Oct 2018	Oct 2019	Oct 2020	Oct 2021	Oct 2022	Oct 2023	Oct 2024
Total Current Assets+	1.86B	2.01B	2.01B	2.14B	2.38B	2.61B	3.19B	3.39B	3.58B	3.54B
Cash & Short-Term Investments	926.08M	1.05B	919.65M	894.4M	1.01B	1.24B	1.6B	1.15B	1.12B	1.25B
Cash Only	790.97M	777.62M	640.51M	745.42M	904.04M	1.09B	1.42B	994.35M	1.01B	934.86M
Short-Term Investments	135.11M	275.25M	279.13M	148.98M	109.94M	150.67M	181.48M	153.99M	104.75M	316.34M
Accounts Receivable	579.25M	584.37M	633.89M	812.84M	808.9M	805.25M	986.31M	1.08B	1.19B	1.08B
Days Sales Outstanding	86.45	82.02	82.58	95.88	82.65	83.21	99.43	108.2	98.82	98.41
Inventory	191.16M	211.25M	267.14M	262.75M	345.05M	344.38M	374.26M	946.73M	1.05B	820.43M
Days Inventory Outstanding	46.66	49.3	58.52	51.03	58.87	62.96	67.67	157.02	145.42	130.46
Other Current Assets	171.1M	147.18M	171.22M	165.96M	165.19M	151.59M	162.11M	158.57M	66.3M	66.3M
Total Non-Current Assets+	830.84M	869.25M	1.95B	1.61B	1.51B	1.57B	1.68B	1.68B	2.03B	2.1B
Property, Plant & Equipment	191.97M	288.41M	308.46M	292.07M	286.88M	329.4M	329.25M	312.89M	315.29M	365.14M
Fixed Asset Turnover	12.74x	9.02x	9.08x	10.59x	12.45x	10.72x	11.00x	11.61x	13.91x	11.00x
Goodwill	256.43M	266.97M	267.46M	297.97M	297.94M	310.85M	311.64M	328.32M	444.76M	444.71M
Intangible Assets	202.67M	146.71M	101M	148.22M	112.78M	96.65M	65.31M	69.52M	205.63M	165.02M
Long-Term Investments	95.11M	90.17M	49.78M	58.97M	10.01M	82.23M	70.04M	35.38M	134.28M	80.92M
Other Non-Current Assets	84.66M	75.87M	63.59M	71.65M	88.99M	102.83M	99.89M	113.62M	116.45M	154.69M
Total Assets+	2.7B	2.88B	3.95B	3.76B	3.89B	4.18B	4.87B	5.07B	5.6B	5.64B
Asset Turnover	0.91x	0.90x	0.71x	0.82x	0.92x	0.84x	0.74x	0.72x	0.78x	0.71x
Asset Growth %	0.3%	0.07%	0.37%	-0.05%	0.04%	0.07%	0.16%	0.04%	0.1%	0.01%
Total Current Liabilities+	667.03M	891.86M	1.04B	963M	845.94M	760.7M	909.03M	1.04B	932.02M	999.84M
Accounts Payable	222.14M	235.94M	260.1M	340.58M	344.82M	291.9M	356.18M	516.05M	317.83M	423.4M
Days Payables Outstanding	54.22	55.07	56.98	66.14	58.83	53.36	64.4	85.59	43.98	67.33
Short-Term Debt	2.5M	236.24M	352.29M	7M	7M	6.93M	6.93M	6.93M	11.7M	11.7M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	167.71M	165.23M	275.77M	317.96M	175.32M	168.89M	159.77M	192.82M	222.09M	168.3M
Current Ratio	2.79x	2.26x	1.93x	2.22x	2.82x	3.43x	3.51x	3.25x	3.84x	3.54x
Quick Ratio	2.51x	2.02x	1.68x	1.95x	2.41x	2.98x	3.10x	2.34x	2.71x	2.72x
Cash Conversion Cycle	78.89	76.26	84.13	80.77	82.69	92.8	102.7	179.62	200.25	161.54
Total Non-Current Liabilities+	1.41B	1.22B	777.63M	864.19M	874.64M	910.62M	936.18M	1.32B	1.82B	1.83B
Long-Term Debt	1.27B	1.03B	583.69M	686.45M	680.41M	676.36M	670.36M	1.06B	1.54B	1.53B
Capital Lease Obligations	13.79M	24.3M	73.41M	68.25M	65.28M	122.98M	104.15M	95.57M	81.45M	68.63M
Deferred Tax Liabilities	0	0	0	-350.75M	0	0	0	0	0	0
Other Non-Current Liabilities	58.75M	100.1M	37.94M	51.17M	83.46M	61.62M	104.22M	97.16M	122.22M	142.42M
Total Liabilities	2.07B	2.12B	1.82B	1.83B	1.72B	1.67B	1.85B	2.36B	2.75B	2.83B
Total Debt+	1.27B	1.29B	935.98M	693.45M	755.45M	828.14M	803.68M	1.19B	1.66B	1.63B
Net Debt	483.17M	511.24M	295.47M	-51.97M	-148.59M	-260.49M	-618.86M	191.95M	646.55M	697.39M
Debt / Equity	2.05x	1.68x	0.44x	0.36x	0.35x	0.33x	0.27x	0.44x	0.58x	0.58x
Debt / EBITDA	4.93x	4.19x	2.60x	1.91x	1.52x	1.28x	1.22x	2.98x	3.14x	5.44x
Net Debt / EBITDA	1.87x	1.66x	0.82x	-0.14x	-0.30x	-0.40x	-0.94x	0.48x	1.23x	2.32x
Interest Coverage	2.39x	2.92x	4.24x	4.58x	10.00x	16.40x	16.82x	5.47x	4.37x	1.69x
Total Equity+	620.88M	766.34M	2.14B	1.93B	2.17B	2.51B	3.02B	2.71B	2.85B	2.82B
Equity Growth %	9.92%	0.23%	1.79%	-0.1%	0.13%	0.16%	0.2%	-0.1%	0.05%	-0.01%
Book Value per Share	5.17	5.09	12.57	13.42	13.79	16.09	19.27	17.83	19.07	19.29
Total Shareholders' Equity	620.88M	766.34M	2.14B	1.93B	2.17B	2.51B	3.02B	2.71B	2.85B	2.82B
Common Stock	1.36M	1.4M	1.43M	1.54M	1.54M	1.55M	1.55M	1.48M	1.45M	1.43M
Retained Earnings	-6B	-5.93B	-4.66B	-4.95B	-4.64B	-4.28B	-3.79B	-3.63B	-3.38B	-3.29B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-22.13M	-24.33M	-11.02M	-5.78M	-22.08M	-35.36M	439K	-46.65M	-37.77M	-46.71M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Oct 2015	Oct 2016	Oct 2017	Oct 2018	Oct 2019	Oct 2020	Oct 2021	Oct 2022	Oct 2023	Oct 2024
Cash from Operations+	262.11M	289.52M	234.88M	229.26M	413.14M	493.65M	541.65M	-167.76M	168.33M	514.53M
Operating CF Margin %	0.11%	0.11%	0.08%	0.07%	0.12%	0.14%	0.15%	-0.05%	0.04%	0.13%
Operating CF Growth %	1.92%	0.1%	-0.19%	-0.02%	0.8%	0.19%	0.1%	-1.31%	2%	2.06%
Net Income	11.67M	72.58M	1.26B	-344.69M	253.43M	361.29M	500.2M	152.9M	254.83M	83.96M
Depreciation & Amortization	135.77M	141.69M	122.9M	110.02M	122.71M	132.53M	132.27M	140.2M	142.18M	133.47M
Stock-Based Compensation	55.34M	51.99M	48.36M	52.97M	59.74M	67.76M	84.34M	105.13M	130.46M	156.4M
Deferred Taxes	44.73M	49.2M	-1.13B	463.63M	19.86M	64.34M	-156.47M	-27.5M	-14.85M	-76.81M
Other Non-Cash Items	-1.02M	25.51M	84.06M	98.1M	57.02M	67.6M	49.47M	33.62M	52.47M	114.75M
Working Capital Changes	15.63M	-51.46M	-155.66M	-150.77M	-99.63M	-199.86M	-68.15M	-572.11M	-396.75M	102.76M
Change in Receivables	-9.5M	-26.07M	-66.12M	-168.36M	65.71M	-17.3M	-174.38M	-47.07M	-94.56M	80.31M
Change in Inventory	49.5M	-53M	-91.57M	-27.45M	-112.94M	-25.04M	-47.57M	-589.11M	-132.5M	153.02M
Change in Payables	-29.2M	7.15M	33.9M	85.8M	27.74M	-117.93M	162.13M	100.33M	-138.47M	64.25M
Cash from Investing+	-43.13M	-296.26M	-61.43M	-19.27M	24.08M	-220.24M	-90.72M	-101.25M	-383.45M	-306.48M
Capital Expenditures	-62.11M	-107.19M	-94.6M	-67.62M	-62.58M	-82.67M	-79.55M	-90.82M	-106.2M	-136.64M
CapEx % of Revenue	0.03%	0.04%	0.03%	0.02%	0.02%	0.02%	0.02%	0.03%	0.02%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-40K	11K	-54K	117K	0	0	0	0	-2.98M	-1.45M
Cash from Financing+	-8.05M	-4.23M	-311.05M	-99.23M	-278.97M	-87.22M	-116.83M	-133.06M	229.38M	-285.06M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-421K	-3.99M	-722K	-1.94M	-112.46M	-382K	0	24.86M	-6.38M	-2.55M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	200M	182.34M	140.28M	161.65M	350.56M	410.99M	462.1M	-258.57M	62.13M	377.89M
FCF Margin %	0.08%	0.07%	0.05%	0.05%	0.1%	0.12%	0.13%	-0.07%	0.01%	0.09%
FCF Growth %	3.81%	-0.09%	-0.23%	0.15%	1.17%	0.17%	0.12%	-1.56%	1.24%	5.08%
FCF per Share	1.67	1.21	0.83	1.12	2.22	2.64	2.95	-1.70	0.42	2.59
FCF Conversion (FCF/Net Income)	22.47x	3.99x	0.19x	-0.67x	1.63x	1.37x	1.08x	-1.10x	0.66x	6.13x
Interest Paid	40.77M	46.9M	47.23M	44.75M	39.58M	32.84M	29.86M	42.81M	84.47M	92.52M
Taxes Paid	10.67M	15.27M	22.14M	26.9M	33.57M	53.08M	73.13M	34.97M	78.24M	54.96M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	4.23%	10.46%	86.95%	-16.96%	12.36%	15.43%	18.09%	5.33%	9.16%	2.96%
Return on Invested Capital (ROIC)	9.6%	10.44%	9.59%	8.81%	14.4%	18.03%	17.01%	7.27%	9.02%	3.57%
Gross Margin	38.85%	39.86%	40.53%	39.26%	40.11%	43.47%	44.25%	39.42%	39.87%	42.83%
Net Margin	0.48%	2.79%	45.04%	-11.14%	7.09%	10.23%	13.81%	4.21%	5.81%	2.09%
Debt / Equity	2.05x	1.68x	0.44x	0.36x	0.35x	0.33x	0.27x	0.44x	0.58x	0.58x
Interest Coverage	2.39x	2.92x	4.24x	4.58x	10.00x	16.40x	16.82x	5.47x	4.37x	1.69x
FCF Conversion	22.47x	3.99x	0.19x	-0.67x	1.63x	1.37x	1.08x	-1.10x	0.66x	6.13x
Revenue Growth	6.88%	6.33%	7.73%	10.44%	15.44%	-1.12%	2.51%	0.33%	20.75%	-8.47%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Networking Platforms	-	-	-	-	-	-	-	-	3.49B	3.04B
Networking Platforms Growth	-	-	-	-	-	-	-	-	-	-12.92%
Global Services	-	406.72M	387.86M	-	-	-	-	-	520.01M	537.22M
Global Services Growth	-	-	-4.64%	-	-	-	-	-	-	3.31%
Platform Software and Services	-	-	-	-	-	-	-	-	303.87M	358.06M
Platform Software and Services Growth	-	-	-	-	-	-	-	-	-	17.83%
Blue Planet Automation Software and Services	-	-	-	-	-	-	-	-	69.17M	77.62M
Blue Planet Automation Software and Services Growth	-	-	-	-	-	-	-	-	-	12.21%
Product	-	-	-	-	2.98B	-	2.93B	2.89B	-	-
Product Growth	-	-	-	-	-	-	-	-1.49%	-	-
Service	-	-	-	-	588.32M	-	688.08M	743.81M	-	-
Service Growth	-	-	-	-	-	-	-	8.10%	-	-
Grant	-	-	-	16.6M	12.3M	-	10.4M	-	-	-
Grant Growth	-	-	-	-	-25.90%	-	-	-	-	-
Converged Packet Optical	-	-	-	-	2.56B	2.55B	-	-	-	-
Converged Packet Optical Growth	-	-	-	-	-	-0.59%	-	-	-	-
Maintenance Support And Training	-	-	-	-	261.34M	269.35M	-	-	-	-
Maintenance Support And Training Growth	-	-	-	-	-	3.07%	-	-	-	-
Packet Networking	-	-	-	-	348.48M	267.42M	-	-	-	-
Packet Networking Growth	-	-	-	-	-	-23.26%	-	-	-	-
Platform Software and Services	-	-	-	-	155.38M	197.81M	-	-	-	-
Platform Software and Services Growth	-	-	-	-	-	27.31%	-	-	-	-
Installation And Deployment	-	-	-	-	148.23M	152M	-	-	-	-
Installation And Deployment Growth	-	-	-	-	-	2.54%	-	-	-	-
Blue Planet Automation Software and Services	-	-	-	-	54.55M	62.63M	-	-	-	-
Blue Planet Automation Software and Services Growth	-	-	-	-	-	14.81%	-	-	-	-
Consulting And Network Design	-	-	-	-	41.31M	35.3M	-	-	-	-
Consulting And Network Design Growth	-	-	-	-	-	-14.56%	-	-	-	-
Networking Platforms	-	2.07B	2.25B	-	-	-	-	-	-	-
Networking Platforms Growth	-	-	8.89%	-	-	-	-	-	-	-
Software and Software-Related Services	-	125.07M	161.12M	-	-	-	-	-	-	-
Software and Software-Related Services Growth	-	-	28.82%	-	-	-	-	-	-	-
Packet-Optical Transport	1.66B	-	-	-	-	-	-	-	-	-
Packet-Optical Transport Growth	-	-	-	-	-	-	-	-	-	-
Software and Services	481.74M	-	-	-	-	-	-	-	-	-
Software and Services Growth	-	-	-	-	-	-	-	-	-	-
Packet-Optical Switching	229.22M	-	-	-	-	-	-	-	-	-
Packet-Optical Switching Growth	-	-	-	-	-	-	-	-	-	-
Carrier Ethernet Service Delivery	73M	-	-	-	-	-	-	-	-	-
Carrier Ethernet Service Delivery Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
North America	1.6B	1.69B	1.74B	-	-	-	-	-	3.11B	2.95B
North America Growth	-	5.69%	2.77%	-	-	-	-	-	-	-5.09%
EMEA	400.29M	393.7M	404.1M	464.88M	566.72M	591.47M	670.46M	555.22M	643.14M	648.87M
EMEA Growth	-	-1.65%	2.64%	15.04%	21.91%	4.37%	13.36%	-17.19%	15.84%	0.89%
Asia Pacific	245.55M	322.52M	497.23M	602.78M	501.5M	471.41M	424.6M	440.61M	633.06M	414.17M
Asia Pacific Growth	-	31.35%	54.17%	21.23%	-16.80%	-6.00%	-9.93%	3.77%	43.68%	-34.58%
Americas	-	-	-	1.89B	2.35B	2.47B	2.53B	2.64B	-	-
Americas Growth	-	-	-	-	24.64%	5.02%	2.28%	4.40%	-	-
Central And Latin America	201.5M	195.09M	164.31M	140.18M	152.65M	-	-	-	-	-
Central And Latin America Growth	-	-3.18%	-15.78%	-14.69%	8.90%	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Ciena Corporation (CIEN) has a price-to-earnings (P/E) ratio of 420.3x. This suggests investors expect higher future growth.

Growth & Financials

Ciena Corporation (CIEN) reported $4.54B in revenue for fiscal year 2024. This represents a 161% increase from $1.74B in 2011.

Ciena Corporation (CIEN) saw revenue decline by 8.5% over the past year.

Yes, Ciena Corporation (CIEN) is profitable, generating $140.9M in net income for fiscal year 2024 (2.1% net margin).

Dividend & Returns

Ciena Corporation (CIEN) has a return on equity (ROE) of 3.0%. This is below average, suggesting room for improvement.

Ciena Corporation (CIEN) generated $700.8M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Ciena Corporation (CIEN) 10-Year Financial Performance & Capital Metrics

CIEN • • Industrial / General

TechnologyCommunication EquipmentFiber & Cable ConnectivityFiber Access & FTTH

Revenue $4.01B -8.5%
EBITDA $300M -43.1%
Net Income $84M -67.1%
EPS (Diluted) 0.58 -66.1%
Gross Margin 42.83% +7.4%
EBITDA Margin 7.47% -37.8%
Operating Margin 4.15% -52.7%
Net Margin 2.09% -64.0%
ROE 2.96% -67.7%
ROIC 3.57% -60.5%
Debt/Equity 0.58 -0.4%
Interest Coverage 1.69 -61.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 95 (top 5%)
✓High quality earnings: Operating CF exceeds net income
✓Share count reduced 2.3% through buybacks

✗Weaknesses

✗Profits declining 19.8% over 5 years
✗Expensive at 12.6x book value

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y5.78%

5Y2.36%

3Y3.51%

TTM12.97%

Profit (Net Income) CAGR

10Y-

5Y-19.83%

3Y-44.84%

TTM1.99%

EPS CAGR

10Y-

5Y-18.47%

3Y-43.35%

TTM3.63%

ROCE

10Y Avg9.61%

5Y Avg9.81%

3Y Avg6.29%

Latest3.58%

Peer Comparison

Fiber Access & FTTH

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LITELumentum Holdings Inc.	24.34B	343.27	927.76	21.03%	3.7%	8.22%		2.30
CIENCiena Corporation	34.34B	243.79	420.33	-8.47%	3.1%	5.05%	1.1%	0.58
ADTNADTRAN Holdings, Inc.	728.25M	9.09	-1.60	-19.7%	-8.5%	-16.18%	5.27%	0.39
UTSIUTStarcom Holdings Corp.	23.68M	2.50	-5.21	-30.95%	-62.02%	-14.39%		0.04
CLFDClearfield, Inc.	447.56M	32.34	-55.76	-9.94%	-5.36%	-3.14%	5.52%	0.03

Profit & Loss

	Oct 2015	Oct 2016	Oct 2017	Oct 2018	Oct 2019	Oct 2020	Oct 2021	Oct 2022	Oct 2023	Oct 2024
Sales/Revenue+	2.45B	2.6B	2.8B	3.09B	3.57B	3.53B	3.62B	3.63B	4.39B	4.01B
Revenue Growth %	0.07%	0.06%	0.08%	0.1%	0.15%	-0.01%	0.03%	0%	0.21%	-0.08%
Cost of Goods Sold+	1.5B	1.56B	1.67B	1.88B	2.14B	2B	2.02B	2.2B	2.64B	2.3B
COGS % of Revenue	0.61%	0.6%	0.59%	0.61%	0.6%	0.57%	0.56%	0.61%	0.6%	0.57%
Gross Profit+	950.15M	1.04B	1.14B	1.21B	1.43B	1.54B	1.6B	1.43B	1.75B	1.72B
Gross Margin %	0.39%	0.4%	0.41%	0.39%	0.4%	0.43%	0.44%	0.39%	0.4%	0.43%
Gross Profit Growth %	0.12%	0.09%	0.1%	0.07%	0.18%	0.07%	0.04%	-0.11%	0.22%	-0.02%
Operating Expenses+	827.69M	870.96M	898.5M	961.54M	1.06B	1.02B	1.07B	1.17B	1.36B	1.55B
OpEx % of Revenue	0.34%	0.33%	0.32%	0.31%	0.3%	0.29%	0.3%	0.32%	0.31%	0.39%
Selling, General & Admin	435.94M	482.56M	498.77M	554.19M	597.45M	585.97M	634.09M	645.95M	706.09M	731.32M
SG&A % of Revenue	0.18%	0.19%	0.18%	0.18%	0.17%	0.17%	0.18%	0.18%	0.16%	0.18%
Research & Development	391.75M	388.4M	399.73M	407.35M	460.56M	435.98M	440.43M	528.73M	658M	767.5M
R&D % of Revenue	0.16%	0.15%	0.14%	0.13%	0.13%	0.12%	0.12%	0.15%	0.15%	0.19%
Other Operating Expenses	0	0	0	0	0	0	0	4.2M	0	54.16M
Operating Income+	122.46M	165.72M	237.07M	253.2M	374.67M	513.65M	527.49M	257.23M	384.85M	166.62M
Operating Margin %	0.05%	0.06%	0.08%	0.08%	0.1%	0.15%	0.15%	0.07%	0.09%	0.04%
Operating Income Growth %	3.06%	0.35%	0.43%	0.07%	0.48%	0.37%	0.03%	-0.51%	0.5%	-0.57%
EBITDA+	258.23M	307.41M	359.97M	363.22M	497.39M	646.17M	659.76M	397.43M	527.03M	300.09M
EBITDA Margin %	0.11%	0.12%	0.13%	0.12%	0.14%	0.18%	0.18%	0.11%	0.12%	0.07%
EBITDA Growth %	0.81%	0.19%	0.17%	0.01%	0.37%	0.3%	0.02%	-0.4%	0.33%	-0.43%
D&A (Non-Cash Add-back)	135.77M	141.69M	122.9M	110.02M	122.71M	132.53M	132.27M	140.2M	142.18M	133.47M
EBIT	74.94M	143.37M	211.98M	204.03M	350.64M	487.28M	493.59M	229.56M	411.68M	191.21M
Net Interest Income+	-50M	-52.6M	-49.27M	-41.55M	-23.04M	-24.46M	-29.32M	-36.99M	-43.02M	-36.49M
Interest Income	1.18M	4.06M	6.58M	13.7M	14.41M	6.86M	2.05M	10.06M	45.01M	62.12M
Interest Expense	51.18M	56.66M	55.85M	55.25M	37.45M	31.32M	31.37M	47.05M	88.03M	98.61M
Other Income/Expense	-98.7M	-79M	-80.94M	-104.42M	-61.48M	-57.69M	-64.74M	-74.72M	-61.2M	-46.77M
Pretax Income+	23.76M	86.72M	156.13M	148.78M	313.19M	455.96M	462.75M	182.5M	323.65M	119.85M
Pretax Margin %	0.01%	0.03%	0.06%	0.05%	0.09%	0.13%	0.13%	0.05%	0.07%	0.03%
Income Tax+	12.1M	14.13M	-1.11B	493.47M	59.76M	94.67M	-37.45M	29.6M	68.83M	35.89M
Effective Tax Rate %	0.49%	0.84%	8.08%	-2.32%	0.81%	0.79%	1.08%	0.84%	0.79%	0.7%
Net Income+	11.67M	72.58M	1.26B	-344.69M	253.43M	361.29M	500.2M	152.9M	254.83M	83.96M
Net Margin %	0%	0.03%	0.45%	-0.11%	0.07%	0.1%	0.14%	0.04%	0.06%	0.02%
Net Income Growth %	1.29%	5.22%	16.39%	-1.27%	1.74%	0.43%	0.38%	-0.69%	0.67%	-0.67%
Net Income (Continuing)	11.67M	72.58M	1.26B	-344.69M	253.43M	361.29M	500.2M	152.9M	254.83M	83.96M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.10	0.51	7.53	-2.40	1.61	2.32	3.19	1.00	1.71	0.58
EPS Growth %	1.26%	4.1%	13.76%	-1.32%	1.67%	0.44%	0.38%	-0.69%	0.71%	-0.66%
EPS (Basic)	0.10	0.52	8.89	-2.49	1.63	2.34	3.22	1.01	1.71	0.58
Diluted Shares Outstanding	120.1M	150.7M	169.92M	143.74M	157.61M	155.96M	156.74M	152.19M	149.38M	145.96M
Basic Shares Outstanding	118.42M	138.31M	142M	138.56M	155.72M	154.29M	155.28M	151.21M	148.97M	144.72M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Oct 2015	Oct 2016	Oct 2017	Oct 2018	Oct 2019	Oct 2020	Oct 2021	Oct 2022	Oct 2023	Oct 2024
Total Current Assets+	1.86B	2.01B	2.01B	2.14B	2.38B	2.61B	3.19B	3.39B	3.58B	3.54B
Cash & Short-Term Investments	926.08M	1.05B	919.65M	894.4M	1.01B	1.24B	1.6B	1.15B	1.12B	1.25B
Cash Only	790.97M	777.62M	640.51M	745.42M	904.04M	1.09B	1.42B	994.35M	1.01B	934.86M
Short-Term Investments	135.11M	275.25M	279.13M	148.98M	109.94M	150.67M	181.48M	153.99M	104.75M	316.34M
Accounts Receivable	579.25M	584.37M	633.89M	812.84M	808.9M	805.25M	986.31M	1.08B	1.19B	1.08B
Days Sales Outstanding	86.45	82.02	82.58	95.88	82.65	83.21	99.43	108.2	98.82	98.41
Inventory	191.16M	211.25M	267.14M	262.75M	345.05M	344.38M	374.26M	946.73M	1.05B	820.43M
Days Inventory Outstanding	46.66	49.3	58.52	51.03	58.87	62.96	67.67	157.02	145.42	130.46
Other Current Assets	171.1M	147.18M	171.22M	165.96M	165.19M	151.59M	162.11M	158.57M	66.3M	66.3M
Total Non-Current Assets+	830.84M	869.25M	1.95B	1.61B	1.51B	1.57B	1.68B	1.68B	2.03B	2.1B
Property, Plant & Equipment	191.97M	288.41M	308.46M	292.07M	286.88M	329.4M	329.25M	312.89M	315.29M	365.14M
Fixed Asset Turnover	12.74x	9.02x	9.08x	10.59x	12.45x	10.72x	11.00x	11.61x	13.91x	11.00x
Goodwill	256.43M	266.97M	267.46M	297.97M	297.94M	310.85M	311.64M	328.32M	444.76M	444.71M
Intangible Assets	202.67M	146.71M	101M	148.22M	112.78M	96.65M	65.31M	69.52M	205.63M	165.02M
Long-Term Investments	95.11M	90.17M	49.78M	58.97M	10.01M	82.23M	70.04M	35.38M	134.28M	80.92M
Other Non-Current Assets	84.66M	75.87M	63.59M	71.65M	88.99M	102.83M	99.89M	113.62M	116.45M	154.69M
Total Assets+	2.7B	2.88B	3.95B	3.76B	3.89B	4.18B	4.87B	5.07B	5.6B	5.64B
Asset Turnover	0.91x	0.90x	0.71x	0.82x	0.92x	0.84x	0.74x	0.72x	0.78x	0.71x
Asset Growth %	0.3%	0.07%	0.37%	-0.05%	0.04%	0.07%	0.16%	0.04%	0.1%	0.01%
Total Current Liabilities+	667.03M	891.86M	1.04B	963M	845.94M	760.7M	909.03M	1.04B	932.02M	999.84M
Accounts Payable	222.14M	235.94M	260.1M	340.58M	344.82M	291.9M	356.18M	516.05M	317.83M	423.4M
Days Payables Outstanding	54.22	55.07	56.98	66.14	58.83	53.36	64.4	85.59	43.98	67.33
Short-Term Debt	2.5M	236.24M	352.29M	7M	7M	6.93M	6.93M	6.93M	11.7M	11.7M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	167.71M	165.23M	275.77M	317.96M	175.32M	168.89M	159.77M	192.82M	222.09M	168.3M
Current Ratio	2.79x	2.26x	1.93x	2.22x	2.82x	3.43x	3.51x	3.25x	3.84x	3.54x
Quick Ratio	2.51x	2.02x	1.68x	1.95x	2.41x	2.98x	3.10x	2.34x	2.71x	2.72x
Cash Conversion Cycle	78.89	76.26	84.13	80.77	82.69	92.8	102.7	179.62	200.25	161.54
Total Non-Current Liabilities+	1.41B	1.22B	777.63M	864.19M	874.64M	910.62M	936.18M	1.32B	1.82B	1.83B
Long-Term Debt	1.27B	1.03B	583.69M	686.45M	680.41M	676.36M	670.36M	1.06B	1.54B	1.53B
Capital Lease Obligations	13.79M	24.3M	73.41M	68.25M	65.28M	122.98M	104.15M	95.57M	81.45M	68.63M
Deferred Tax Liabilities	0	0	0	-350.75M	0	0	0	0	0	0
Other Non-Current Liabilities	58.75M	100.1M	37.94M	51.17M	83.46M	61.62M	104.22M	97.16M	122.22M	142.42M
Total Liabilities	2.07B	2.12B	1.82B	1.83B	1.72B	1.67B	1.85B	2.36B	2.75B	2.83B
Total Debt+	1.27B	1.29B	935.98M	693.45M	755.45M	828.14M	803.68M	1.19B	1.66B	1.63B
Net Debt	483.17M	511.24M	295.47M	-51.97M	-148.59M	-260.49M	-618.86M	191.95M	646.55M	697.39M
Debt / Equity	2.05x	1.68x	0.44x	0.36x	0.35x	0.33x	0.27x	0.44x	0.58x	0.58x
Debt / EBITDA	4.93x	4.19x	2.60x	1.91x	1.52x	1.28x	1.22x	2.98x	3.14x	5.44x
Net Debt / EBITDA	1.87x	1.66x	0.82x	-0.14x	-0.30x	-0.40x	-0.94x	0.48x	1.23x	2.32x
Interest Coverage	2.39x	2.92x	4.24x	4.58x	10.00x	16.40x	16.82x	5.47x	4.37x	1.69x
Total Equity+	620.88M	766.34M	2.14B	1.93B	2.17B	2.51B	3.02B	2.71B	2.85B	2.82B
Equity Growth %	9.92%	0.23%	1.79%	-0.1%	0.13%	0.16%	0.2%	-0.1%	0.05%	-0.01%
Book Value per Share	5.17	5.09	12.57	13.42	13.79	16.09	19.27	17.83	19.07	19.29
Total Shareholders' Equity	620.88M	766.34M	2.14B	1.93B	2.17B	2.51B	3.02B	2.71B	2.85B	2.82B
Common Stock	1.36M	1.4M	1.43M	1.54M	1.54M	1.55M	1.55M	1.48M	1.45M	1.43M
Retained Earnings	-6B	-5.93B	-4.66B	-4.95B	-4.64B	-4.28B	-3.79B	-3.63B	-3.38B	-3.29B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-22.13M	-24.33M	-11.02M	-5.78M	-22.08M	-35.36M	439K	-46.65M	-37.77M	-46.71M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Oct 2015	Oct 2016	Oct 2017	Oct 2018	Oct 2019	Oct 2020	Oct 2021	Oct 2022	Oct 2023	Oct 2024
Cash from Operations+	262.11M	289.52M	234.88M	229.26M	413.14M	493.65M	541.65M	-167.76M	168.33M	514.53M
Operating CF Margin %	0.11%	0.11%	0.08%	0.07%	0.12%	0.14%	0.15%	-0.05%	0.04%	0.13%
Operating CF Growth %	1.92%	0.1%	-0.19%	-0.02%	0.8%	0.19%	0.1%	-1.31%	2%	2.06%
Net Income	11.67M	72.58M	1.26B	-344.69M	253.43M	361.29M	500.2M	152.9M	254.83M	83.96M
Depreciation & Amortization	135.77M	141.69M	122.9M	110.02M	122.71M	132.53M	132.27M	140.2M	142.18M	133.47M
Stock-Based Compensation	55.34M	51.99M	48.36M	52.97M	59.74M	67.76M	84.34M	105.13M	130.46M	156.4M
Deferred Taxes	44.73M	49.2M	-1.13B	463.63M	19.86M	64.34M	-156.47M	-27.5M	-14.85M	-76.81M
Other Non-Cash Items	-1.02M	25.51M	84.06M	98.1M	57.02M	67.6M	49.47M	33.62M	52.47M	114.75M
Working Capital Changes	15.63M	-51.46M	-155.66M	-150.77M	-99.63M	-199.86M	-68.15M	-572.11M	-396.75M	102.76M
Change in Receivables	-9.5M	-26.07M	-66.12M	-168.36M	65.71M	-17.3M	-174.38M	-47.07M	-94.56M	80.31M
Change in Inventory	49.5M	-53M	-91.57M	-27.45M	-112.94M	-25.04M	-47.57M	-589.11M	-132.5M	153.02M
Change in Payables	-29.2M	7.15M	33.9M	85.8M	27.74M	-117.93M	162.13M	100.33M	-138.47M	64.25M
Cash from Investing+	-43.13M	-296.26M	-61.43M	-19.27M	24.08M	-220.24M	-90.72M	-101.25M	-383.45M	-306.48M
Capital Expenditures	-62.11M	-107.19M	-94.6M	-67.62M	-62.58M	-82.67M	-79.55M	-90.82M	-106.2M	-136.64M
CapEx % of Revenue	0.03%	0.04%	0.03%	0.02%	0.02%	0.02%	0.02%	0.03%	0.02%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-40K	11K	-54K	117K	0	0	0	0	-2.98M	-1.45M
Cash from Financing+	-8.05M	-4.23M	-311.05M	-99.23M	-278.97M	-87.22M	-116.83M	-133.06M	229.38M	-285.06M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-421K	-3.99M	-722K	-1.94M	-112.46M	-382K	0	24.86M	-6.38M	-2.55M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	200M	182.34M	140.28M	161.65M	350.56M	410.99M	462.1M	-258.57M	62.13M	377.89M
FCF Margin %	0.08%	0.07%	0.05%	0.05%	0.1%	0.12%	0.13%	-0.07%	0.01%	0.09%
FCF Growth %	3.81%	-0.09%	-0.23%	0.15%	1.17%	0.17%	0.12%	-1.56%	1.24%	5.08%
FCF per Share	1.67	1.21	0.83	1.12	2.22	2.64	2.95	-1.70	0.42	2.59
FCF Conversion (FCF/Net Income)	22.47x	3.99x	0.19x	-0.67x	1.63x	1.37x	1.08x	-1.10x	0.66x	6.13x
Interest Paid	40.77M	46.9M	47.23M	44.75M	39.58M	32.84M	29.86M	42.81M	84.47M	92.52M
Taxes Paid	10.67M	15.27M	22.14M	26.9M	33.57M	53.08M	73.13M	34.97M	78.24M	54.96M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	4.23%	10.46%	86.95%	-16.96%	12.36%	15.43%	18.09%	5.33%	9.16%	2.96%
Return on Invested Capital (ROIC)	9.6%	10.44%	9.59%	8.81%	14.4%	18.03%	17.01%	7.27%	9.02%	3.57%
Gross Margin	38.85%	39.86%	40.53%	39.26%	40.11%	43.47%	44.25%	39.42%	39.87%	42.83%
Net Margin	0.48%	2.79%	45.04%	-11.14%	7.09%	10.23%	13.81%	4.21%	5.81%	2.09%
Debt / Equity	2.05x	1.68x	0.44x	0.36x	0.35x	0.33x	0.27x	0.44x	0.58x	0.58x
Interest Coverage	2.39x	2.92x	4.24x	4.58x	10.00x	16.40x	16.82x	5.47x	4.37x	1.69x
FCF Conversion	22.47x	3.99x	0.19x	-0.67x	1.63x	1.37x	1.08x	-1.10x	0.66x	6.13x
Revenue Growth	6.88%	6.33%	7.73%	10.44%	15.44%	-1.12%	2.51%	0.33%	20.75%	-8.47%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Networking Platforms	-	-	-	-	-	-	-	-	3.49B	3.04B
Networking Platforms Growth	-	-	-	-	-	-	-	-	-	-12.92%
Global Services	-	406.72M	387.86M	-	-	-	-	-	520.01M	537.22M
Global Services Growth	-	-	-4.64%	-	-	-	-	-	-	3.31%
Platform Software and Services	-	-	-	-	-	-	-	-	303.87M	358.06M
Platform Software and Services Growth	-	-	-	-	-	-	-	-	-	17.83%
Blue Planet Automation Software and Services	-	-	-	-	-	-	-	-	69.17M	77.62M
Blue Planet Automation Software and Services Growth	-	-	-	-	-	-	-	-	-	12.21%
Product	-	-	-	-	2.98B	-	2.93B	2.89B	-	-
Product Growth	-	-	-	-	-	-	-	-1.49%	-	-
Service	-	-	-	-	588.32M	-	688.08M	743.81M	-	-
Service Growth	-	-	-	-	-	-	-	8.10%	-	-
Grant	-	-	-	16.6M	12.3M	-	10.4M	-	-	-
Grant Growth	-	-	-	-	-25.90%	-	-	-	-	-
Converged Packet Optical	-	-	-	-	2.56B	2.55B	-	-	-	-
Converged Packet Optical Growth	-	-	-	-	-	-0.59%	-	-	-	-
Maintenance Support And Training	-	-	-	-	261.34M	269.35M	-	-	-	-
Maintenance Support And Training Growth	-	-	-	-	-	3.07%	-	-	-	-
Packet Networking	-	-	-	-	348.48M	267.42M	-	-	-	-
Packet Networking Growth	-	-	-	-	-	-23.26%	-	-	-	-
Platform Software and Services	-	-	-	-	155.38M	197.81M	-	-	-	-
Platform Software and Services Growth	-	-	-	-	-	27.31%	-	-	-	-
Installation And Deployment	-	-	-	-	148.23M	152M	-	-	-	-
Installation And Deployment Growth	-	-	-	-	-	2.54%	-	-	-	-
Blue Planet Automation Software and Services	-	-	-	-	54.55M	62.63M	-	-	-	-
Blue Planet Automation Software and Services Growth	-	-	-	-	-	14.81%	-	-	-	-
Consulting And Network Design	-	-	-	-	41.31M	35.3M	-	-	-	-
Consulting And Network Design Growth	-	-	-	-	-	-14.56%	-	-	-	-
Networking Platforms	-	2.07B	2.25B	-	-	-	-	-	-	-
Networking Platforms Growth	-	-	8.89%	-	-	-	-	-	-	-
Software and Software-Related Services	-	125.07M	161.12M	-	-	-	-	-	-	-
Software and Software-Related Services Growth	-	-	28.82%	-	-	-	-	-	-	-
Packet-Optical Transport	1.66B	-	-	-	-	-	-	-	-	-
Packet-Optical Transport Growth	-	-	-	-	-	-	-	-	-	-
Software and Services	481.74M	-	-	-	-	-	-	-	-	-
Software and Services Growth	-	-	-	-	-	-	-	-	-	-
Packet-Optical Switching	229.22M	-	-	-	-	-	-	-	-	-
Packet-Optical Switching Growth	-	-	-	-	-	-	-	-	-	-
Carrier Ethernet Service Delivery	73M	-	-	-	-	-	-	-	-	-
Carrier Ethernet Service Delivery Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
North America	1.6B	1.69B	1.74B	-	-	-	-	-	3.11B	2.95B
North America Growth	-	5.69%	2.77%	-	-	-	-	-	-	-5.09%
EMEA	400.29M	393.7M	404.1M	464.88M	566.72M	591.47M	670.46M	555.22M	643.14M	648.87M
EMEA Growth	-	-1.65%	2.64%	15.04%	21.91%	4.37%	13.36%	-17.19%	15.84%	0.89%
Asia Pacific	245.55M	322.52M	497.23M	602.78M	501.5M	471.41M	424.6M	440.61M	633.06M	414.17M
Asia Pacific Growth	-	31.35%	54.17%	21.23%	-16.80%	-6.00%	-9.93%	3.77%	43.68%	-34.58%
Americas	-	-	-	1.89B	2.35B	2.47B	2.53B	2.64B	-	-
Americas Growth	-	-	-	-	24.64%	5.02%	2.28%	4.40%	-	-
Central And Latin America	201.5M	195.09M	164.31M	140.18M	152.65M	-	-	-	-	-
Central And Latin America Growth	-	-3.18%	-15.78%	-14.69%	8.90%	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Ciena Corporation (CIEN) has a price-to-earnings (P/E) ratio of 420.3x. This suggests investors expect higher future growth.

Growth & Financials

Ciena Corporation (CIEN) reported $4.54B in revenue for fiscal year 2024. This represents a 161% increase from $1.74B in 2011.

Ciena Corporation (CIEN) saw revenue decline by 8.5% over the past year.

Yes, Ciena Corporation (CIEN) is profitable, generating $140.9M in net income for fiscal year 2024 (2.1% net margin).

Dividend & Returns

Ciena Corporation (CIEN) has a return on equity (ROE) of 3.0%. This is below average, suggesting room for improvement.

Ciena Corporation (CIEN) generated $700.8M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.