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Last $22.51 USD
Change Today -0.47 / -2.05%
Volume 4.0M
CIEN On Other Exchanges
As of 8:04 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

ciena corp (CIEN) Snapshot

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52 Week High
07/24/15 - $26.50
52 Week Low
10/15/14 - $13.77
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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.

5,196 Employees
Last Reported Date: 09/3/15
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

Ciena Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended July 31, 2015; Provides Earnings Guidance for the Fourth Quarter of 2015

Ciena Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended July 31, 2015. For the quarter, the company reported total revenue was $603,562,000 against $602,932,000 a year ago. Income from operations was $37,002,000 against $44,451,000 a year ago. Income before income taxes was $19,166,000 against $27,077,000 a year ago. Net income was $16,160,000 or $0.15 per diluted share against $23,625,000 or $0.19 per diluted share a year ago. Adjusted (non-GAAP) income from operations was $61,228,000 against $71,159,000 a year ago. Adjusted (non-GAAP) net income was $40,903,000 or $0.32 per diluted share against $50,730,000 or $0.37 per diluted share a year ago. The company reported that profit for the third quarter grew 46% from last year, despite a revenue drop, reflecting improved operating margins. For the nine months, the company reported total revenue was $1,389,651,000 against $1,428,114,000 a year ago. Income from operations was $47,519,000 against $91,030,000 a year ago. Loss before income taxes was $268,000 against income before income taxes of $33,266,000 a year ago. Net loss was $9,934,000 or $0.09 per diluted share against net income of $25,499,000 or $0.22 per diluted share a year ago. Net cash provided by operating activities was $15,967,000 against $177,484,000 a year ago. Payments for equipment, furniture, fixtures and intellectual property were $35,974,000 against $39,729,000 a year ago. For the fourth quarter of 2015, the company expects revenue in the range of $665 to $700 million. Adjusted (non-GAAP) gross margin of approximately 44%. Adjusted (non-GAAP) operating expense of approximately $225 million.

Ciena Corporation Appoints Joe Marsella as Chief Technology Officer for Europe, Middle East and Africa

Ciena has appointed Joe Marsella as Chief Technology Officer (CTO) for Europe, Middle East and Africa (EMEA), where he will lead a talented group of engineers and developers in driving Ciena's expansion in the region. By providing strategic counsel to Ciena customers and partners, Joe will also provide strategic counsel to Ciena customers and partners to help them transform their networks through key technologies such as software defined networking (SDN) and network functions virtualization (NFV) to enable agility, innovation, and differentiation in service offerings while lowering overall network costs. Prior to this new role, Joe served in several capacities within Ciena; most recently as the Senior Director Product Line Management, responsible for the software strategy of Ciena's Agility software portfolio, now part of Ciena Blue Planet.

Ciena Announces Deployment of its 5430 Packet-Optical Platform by SK Telecom

Ciena announced the deployment of its 5430 Packet-Optical Platform by SK Telecom. Under this deployment, financial details of which were not available, SK Telecom will upgrade its nationwide infrastructure to deliver wireless services as well as enhanced wireline business and consumer broadband offerings. Reportedly, SK Telecom's business and customers will benefit from extremely high-availability, high-capacity and flexible services that are essential for the cloud and other high-bandwidth, web-scale applications, such as those required for streaming video.


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