October 02, 2014 11:12 AM ET

Communications Equipment

Company Overview of Ciena Corporation

Company Overview

Ciena Corporation provides communications networking equipment, software, and services that support the transport, switching, aggregation, and management of voice, video, and data traffic worldwide. The company operates through Converged Packet Optical, Packet Networking, Optical Transport, and Software and Services segments. The Converged Packet Optical segment offers networking solutions optimized for the convergence of coherent optical transport, OTN switching, and packet switching. Its products include the 6500 Packet-Optical Platform, CoreDirector Multiservice Optical Switches, 5430 Reconfigurable Switching System, and OTN configuration for the 5410 Reconfigurable Switching System. This...

7035 Ridge Road

Hanover, MD 21076

United States

Founded in 1992

5,136 Employees

Phone:

410-694-5700

Fax:

410-694-5750

Key Executives for Ciena Corporation

Chief Executive Officer
Age: 53
Total Annual Compensation: $750.6K
Executive Chairman and Member of Government Advisory Board
Age: 71
Total Annual Compensation: $300.0K
Chief Financial Officer and Senior Vice President of Finance
Age: 63
Total Annual Compensation: $450.6K
Senior Vice President of Worldwide Sales & Field Operations
Age: 48
Total Annual Compensation: $495.4K
Senior Vice President of Global Products Group
Age: 43
Total Annual Compensation: $409.3K
Compensation as of Fiscal Year 2013.

Ciena Corporation Key Developments

Ciena Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 30, 2014; Provides Earnings Guidance for the Fourth Quarter of 2014

Ciena Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended June 30, 2014. For the quarter, the company reported total revenue was $603,562,000 compared to $538,356,000 for the same period a year ago. Income from operations was $37,002,000 compared to $14,831,000 for the same period a year ago. Income before income taxes was $19,166,000 compared to $692,000 for the same period a year ago. Net income was $16,160,000 or $0.15 per diluted share compared to net loss of $1,231,000 or $0.01 per diluted share for the same period a year ago. Adjusted (non-GAAP) net income was $40.9 million, or $0.32 per diluted common share, which compares to an adjusted (non-GAAP) net income of $26.2 million, or $0.23 per diluted common share, for the fiscal third quarter 2013. Cash flow from operations totaled $51.1 million. Adjusted (non-GAAP) income from operations was $61,228,000 compared to $44,290,000 for the same period a year ago. For the nine months, the company reported total revenue was $1,697,326,000 compared to $1,499,161,000 for the same period a year ago. Income from operations was $47,519,000 compared to loss from operations of $1,358,000 for the same period a year ago. Loss before income taxes was $268,000 compared to $69,104,000 for the same period a year ago. Net loss was $9,934,000 or $0.74 per diluted share compared to net loss of $75,634,000 or $0.09 per diluted share for the same period a year ago. Net cash provided by operating activities was $15,967,000 compared to $41,127,000 for the same period a year ago. Payments for equipment, furniture, fixtures and intellectual property was $35,974,000 compared to $31,884,000 for the same period a year ago. The company expected fiscal fourth quarter 2014 to be impacted by several significant variables that contribute to a broader range of potential outcomes for both revenue and gross margin than typically expected. For the quarter revenue expected to be in the range of $570 million to $610 million. Adjusted (non-GAAP) gross margin expected to be in the high 30s to low 40s percent range.

Openreach Strengthens Ethernet Access Direct Services with Ciena

Openreach, BT's local access network business, has selected Ciena's packet networking solutions to support the evolution of its Ethernet services.

Ciena Corporation to Report Q3, 2014 Results on Sep 04, 2014

Ciena Corporation announced that they will report Q3, 2014 results at 9:00 AM, Eastern Standard Time on Sep 04, 2014

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