Last $18.52 USD
Change Today -0.89 / -4.59%
Volume 3.2M
CIEN On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

ciena corp (CIEN) Snapshot

Open
$19.20
Previous Close
$19.41
Day High
$19.47
Day Low
$18.49
52 Week High
03/6/14 - $27.16
52 Week Low
10/15/14 - $13.77
Market Cap
2.0B
Average Volume 10 Days
2.8M
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

Trans Pacific Express Selects Ciena for Network Upgrade

The Trans Pacific Express cable network consortium has selected Ciena to increase the capacity on its 17,968 km international submarine cable system to address expanding bandwidth demands driven by growth in the Asia-Pacific region. Ciena is providing TPE with a multi-terabit upgrade using its GeoMesh submarine system, including its new WaveLogic coherent optical processors' capabilities, to more than triple the capacity of TPE, as compared to the original design capacity when it first went into service in 2008.

The Japan-U.S. Cable Network Selects Ciena to Expand its Trans-Pacific Submarine Network

The Japan-U.S. Cable Network recently selected Ciena to expand its trans-Pacific submarine network that spans close to 22,000 km and provides diverse connectivity from Japan to the U.S. This upgrade will utilize the flexibility and scalability of Cienas GeoMesh submarine solution and the latest WaveLogic programmable coherent optical technology to further increase the capacity of the network, which was originally upgraded with Cienas coherent solution in 2012.

Ciena Corp. to Lay Off 57 in Anne Arundel

Ciena Corp. announced it is laying off 57 employees in its distribution and product engineering departments, according to state officials. The company filed a WARN layoff notice with the Maryland Department of Labor, Licensing and Regulation that says the job cuts will take effect May 29. The state agency says it will provide outplacement services, as needed, for the affected employees. The company employs about 4,700 people. Ciena spokeswoman Nicole Anderson said the company is outsourcing its distribution, repair and related activities. She said 55 employees in the company's supply chain team in Maryland will leave Ciena on a staggered timeline in May, August and October. She said affected employees will be eligible for severance, as well as outplacement assistance. The layoffs come just after CEO Gary Smith assured investors in December that better times were to come for the technology company. He referenced new products to meet new networking needs as well as growing international revenue. The company is a manufacturer of communications network equipment and software that counts Sprint, Virgin Media and Verizon among its customers.

 

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Industry Analysis

CIEN

Industry Average

Valuation CIEN Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.9x
Price/Book NM Not Meaningful
Price/Cash Flow 371.5x
TEV/Sales NM Not Meaningful
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