Last $19.83 USD
Change Today -0.03 / -0.15%
Volume 452.7K
CIEN On Other Exchanges
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As of 1:12 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

ciena corp (CIEN) Snapshot

Open
$20.00
Previous Close
$19.86
Day High
$20.04
Day Low
$19.68
52 Week High
03/6/14 - $27.16
52 Week Low
10/15/14 - $13.77
Market Cap
2.1B
Average Volume 10 Days
4.8M
EPS TTM
$-0.38
Shares Outstanding
107.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CIENA CORP (CIEN)

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ciena corp (CIEN) Details

Ciena Corporation provides equipment, software, and services that support the transport, switching, aggregation, service delivery, and management of voice, video, and data traffic on communications networks worldwide. The company’s Converged Packet Optical segment offers networking solutions optimized for the convergence of coherent optical transport, OTN switching, and packet switching. Its products comprise the 6500 Packet-Optical Platform, 5430 Reconfigurable Switching System, CoreDirector Multiservice Optical Switches, and OTN configuration for the 5410 Reconfigurable Switching System. This segment also sells operating system software and enhanced software features embedded in each of these products. Its Packet Networking segment provides the 3000 family of service delivery switches and service aggregation switches, the 5000 family of service aggregation switches, 8700 Packetwave Platform, and its Ethernet packet configuration for the 5410 Service Aggregation Switch. The company’s Optical Transport segment transports voice, video, and data traffic at high transmission speeds. Its principal products include the 4200 Advanced Services Platform, Corestream Agility Optical Transport System, 5100/5200 Advanced Services Platform, Common Photonic Layer, and 6100 Multiservice Optical Platform. Its Software and Services segment offers the SDN multilayer WAN controller, network functions virtualization platform, and network level software applications; the OneControl Unified Management System, an integrated network and service management software; and the ON-Center Network & Service Management Suite, Ethernet Services Manager, and Optical Suite Release. This segment also provides consulting, network design, installation and deployment, maintenance support, and training services. The company markets its products through direct and indirect sales channels to network operators. Ciena Corporation was founded in 1992 and is headquartered in Hanover, Maryland.

5,161 Employees
Last Reported Date: 12/19/14
Founded in 1992

ciena corp (CIEN) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $750.6K
Executive Chairman and Member of Government A...
Total Annual Compensation: $300.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $450.6K
Senior Vice President of Worldwide Sales & Fi...
Total Annual Compensation: $495.4K
Senior Vice President of Global Products Grou...
Total Annual Compensation: $409.3K
Compensation as of Fiscal Year 2013.

ciena corp (CIEN) Key Developments

Ciena Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended October 31, 2014; Provides Earnings Guidance for the First Quarter of 2015

Ciena Corporation reported unaudited consolidated earnings results for the fourth quarter and year ended October 31, 2014. For the quarter, the company reported total revenue of $590,963,000 compared to $583,385,000 a year ago. Loss from operations was $1,815,000 compared to $417,000 a year ago. Loss before income taxes was $26,405,000 compared to $11,087,000 a year ago. Net loss was $30,703,000 or $0.29 per basic and diluted share compared to $9,797,000 or $0.09 per basic and diluted share a year ago. Adjusted (non-GAAP) net loss was $8,174,000 or $0.08 per diluted share compared to adjusted (non-GAAP) net income of $18,256,000 or $0.16 per diluted share a year ago. Adjusted operating profit of $20 million and adjusted operating margin was 3.4%. For the year, the company reported total revenue of $2,288,289,000 compared to $2,082,546,000 a year ago. Income from operations was $45,704,000 compared to loss from operations of $1,775,000 a year ago. Loss before income taxes was $26,673,000 compared to $80,191,000 a year ago. Net loss was $40,637,000 or $0.38 per basic and diluted share compared to $85,431,000 or $0.83 per basic and diluted share a year ago. Net cash provided by operating activities was $89,816,000 compared to $44,678,000 a year ago. Payments for equipment, furniture, fixtures and intellectual property were $48,216,000 compared to $43,814,000 a year ago. Adjusted (non-GAAP) net income was $65,831,000 or $0.59 per diluted share compared to $58,976,000 or $0.54 per diluted share a year ago. Adjusted operating profit for the year was $148 million, an increase of 28% over 2013. The company expects financial performance for fiscal first quarter 2015 to include: revenue in the range of $540 million to $570 million, adjusted (non-GAAP) gross margin percentage in the low 40s range. The company expects to further increase profitability, and expect to achieve an adjusted operating margin in the range of 8% to 9% for fiscal 2015. The company expects fiscal 2015 to show continued growth in revenue and increased profitability over 2014.

Ciena Corporation - Special Call

To discuss the company's new software and Agility division

Ciena Transforms Managed Service Provider Offerings with Virtual Services Software Platform; Establishes New Business Division Ciena Agility; Names Kevin Sheehan as Vice President and General Manager for Ciena Agility

Ciena is introducing a software solution that establishes an entirely new business model for Managed Services Providers (MSPs). Ciena's innovative approach enables providers to adopt a more agile and profitable strategy for adding and expanding network services and appliance functionality with a simple web interface and a consumption-based billing model. Linking the managed services model with the key trend of virtualization, Ciena's new virtual services software platform, Agility Matrix, modernizes the acquisition, distribution, consumption and payment of virtualized network functions (VNF) and allows enterprises to drastically improve performance of all enterprise and cloud-based applications and better manage distributed networks. Included in Ciena's new Agility Matrix software are VNF Market, an open, online marketplace for a variety of third-party VNFs, and Director, a management and orchestration engine. Using a virtual network interface similar to an online shopping experience, where users can drag and drop items into their carts, new network services such as encryption, firewalls, and VPNs can be delivered as managed services in a matter of minutes versus days or weeks. Ciena is building out its VNF Market, currently working with several virtual appliance vendors, including BlackRidge Technology, Brocade, Certes Networks, Silver Peak and Spirent Communications. Ciena also announced that it established a new business division, Ciena Agility, to power service velocity, innovation and business value across the wide area network (WAN). This division includes dedicated resources for software development, product line management, product marketing, service and support, sales and business development, and has full accountability for delivering network control and application software technologies to help providers deliver a true on-demand user experience. Ciena Agility is led by Kevin Sheehan as vice president and general manager, and encompasses the SDN Multilayer WAN Controller and its applications, V-WAN, the Agility Matrix solution announced today, including VNF Market and Director, as well as all future SDN and NFV development. The company also announced that it established a new business division, Ciena Agility, to power service velocity, innovation and business value across the wide area network (WAN). This division includes dedicated resources for software development, product line management, product marketing, service and support, sales and business development, and has full accountability for delivering network control and application software technologies to help providers deliver a true on-demand user experience. The company announced that the new business division Ciena Agility is led by Kevin Sheehan as vice president and general manager, and encompasses the SDN Multilayer WAN Controller and its applications, V-WAN, the Agility Matrix solution, including VNF Market and Director, as well as all future SDN and NFV development.

 

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CIEN

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Valuation CIEN Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.9x
Price/Book NM Not Meaningful
Price/Cash Flow 398.4x
TEV/Sales NM Not Meaningful
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