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Last $23.69 USD
Change Today -0.68 / -2.79%
Volume 2.4M
CIEN On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 06/29/15 All times are local (Market data is delayed by at least 15 minutes).

ciena corp (CIEN) Snapshot

Open
$23.98
Previous Close
$24.37
Day High
$24.25
Day Low
$23.60
52 Week High
06/18/15 - $26.20
52 Week Low
10/15/14 - $13.77
Market Cap
2.8B
Average Volume 10 Days
2.6M
EPS TTM
$-0.09
Shares Outstanding
117.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CIENA CORP (CIEN)

ciena corp (CIEN) Related Businessweek News

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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.

5,108 Employees
Last Reported Date: 06/10/15
Founded in 1992

ciena corp (CIEN) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $788.1K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $450.6K
Senior Vice President of Worldwide Sales & Fi...
Total Annual Compensation: $463.7K
Senior Vice President of Global Products Grou...
Total Annual Compensation: $420.5K
Chief Technology Officer, Senior Vice Preside...
Total Annual Compensation: $400.5K
Compensation as of Fiscal Year 2014.

ciena corp (CIEN) Key Developments

O2 Selects Ciena's Converged Packet Optical Solutions to Deploy Nationwide Network in the United Kingdom

O2 is deploying Ciena’s converged packet optical solutions. With this scalable 100G network, O2 has more flexibility in how the network is controlled and configured and can satisfy growing unpredictable demands for high-bandwidth mobile, video and cloud services. This new backbone network will connect major UK cities, including London, Manchester, Edinburgh and Liverpool, and enable O2 to deliver web-scale services to support massive growth in data center and network virtualization demands. O2 is deploying Ciena’s converged packet optical solutions. With this scalable 100G network, O2 has more flexibility in how the network is controlled and configured and can satisfy growing unpredictable demands for high-bandwidth mobile, video and cloud services. This new backbone network will connect major UK cities, including London, Manchester, Edinburgh and Liverpool, and enable O2 to deliver web-scale services to support massive growth in data center and network virtualization demands. This new network, powered by Ciena’s 6500 Packet-Optical platform, and equipped with WaveLogic 3 Coherent Optical Processors, will accommodate several terabits of traffic in O2’s backbone and, at the same time, respond dynamically to any demand changes. The ROADM-based network also provides flexible, low latency connectivity ensuring a superior end user experience. Additionally, O2 is deploying the 6500 platform equipped with packet switch modules, which enable seamless integration of packet and optical technologies to reduce total cost of operation and time-to-market for new services. Ciena’s OneControl Unified Management System will provide O2 with comprehensive service visualization and network diagnostics, resulting in the efficient use of critical network assets and bandwidth optimization. O2 is also using a range of professional services via CienaSpecialist Services, including network planning, installation and turn-up services.

Ciena Corporation Presents at William Blair’s 35th Annual Growth Stock Conference, Jun-10-2015 10:00 AM

Ciena Corporation Presents at William Blair’s 35th Annual Growth Stock Conference, Jun-10-2015 10:00 AM. Venue: Four Seasons Hotel, Chicago, Illinois, United States. Speakers: James E. Moylan, Chief Financial Officer and Senior Vice President of Finance.

Ciena Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended April 30, 2015; Provides Earnings Guidance for the Third Quarter of Fiscal 2015 and Revises Financial Guidance for Fiscal 2015

Ciena Corporation reported unaudited consolidated earnings results for the second quarter and six months ended April 30, 2015. For the quarter, the company reported total revenues of USD 621.602 million compared to USD 560.061 million a year ago. Income from operations was USD 42.414 million compared to USD 7,162 million a year ago. Income before income taxes was USD 23.918 million compared to loss before income taxes of USD 5.763 million a year ago. Net income was USD 20.653 million compared to net loss of USD 10.158 million a year ago. Diluted net income per share was USD 0.17 compared to diluted net loss per share of USD 0.10 a year ago. Adjusted (non-GAAP) income from operations was USD 67.962 million compared to USD 34.981 million a year ago. Adjusted (non-GAAP) net income was USD 47.340 million compared to USD 19.423 million a year ago. Adjusted (non-GAAP) diluted net income per common share was USD 0.35 compared to USD 0.17 a year ago. Exclusive of the cash payment at maturity, the company generated USD 25 million in cash from the business. For the six months, the company reported total revenues of USD 1,150.764 million compared to USD 1,093.764 million a year ago. Income from operations was USD 46.579 million compared to USD 10.517 million a year ago. Income before income taxes was USD 6.189 million compared to loss before income taxes of USD 19.434 million a year ago. Net income was USD 1.874 million compared to net loss of USD 26.094 million a year ago. Diluted net income per share was USD 0.02 compared to diluted net loss per share of USD 0.25 a year ago. Net cash provided by operating activities was USD 59.942 million compared to net cash used in operating activities of USD 35.167 million a year ago. Purchase of available for sale securities was USD 130.239 million compared to USD 95.033 million a year ago. The company expected fiscal third quarter 2015 financial performance to include: revenue in the range of USD 610 million to USD 640 million. Adjusted (non-GAAP) gross margin of approximately 43% and Adjusted (non-GAAP) operating expense to be approximately USD 210 million. The company is raising guidance for adjusted operating margin to a range of 9% to 10% for the full fiscal year against previously expected adjusted operating margin in a range of 8% to 9% for the full year.

 

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Industry Analysis

CIEN

Industry Average

Valuation CIEN Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.2x
Price/Book 20.7x
Price/Cash Flow 91.4x
TEV/Sales 0.4x
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