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Last $5.28 USD
Change Today +0.05 / 0.96%
Volume 431.5K
CYNI On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 06/2/15 All times are local (Market data is delayed by at least 15 minutes).

cyan inc (CYNI) Snapshot

Open
$5.24
Previous Close
$5.23
Day High
$5.33
Day Low
$5.20
52 Week High
05/29/15 - $5.34
52 Week Low
12/4/14 - $2.02
Market Cap
255.8M
Average Volume 10 Days
433.5K
EPS TTM
$-1.01
Shares Outstanding
48.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CYAN INC (CYNI)

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cyan inc (CYNI) Details

Cyan, Inc. provides various carrier-grade networking solutions that transform legacy networks into open high-performance networks in North America, Asia, and Europe. Its solutions enable network operators to virtualize their networks, accelerate service delivery, and enhance scalability and performance. The company offers Cyan Z-Series of multi-layer switching and transport platforms to support the technologies used in regional and metro networks, including Ethernet-based services and optical services. It also provides Cyan Blue Planet, a carrier-grade software-defined networking platform that offers network virtualization and service-enabling applications, including Planet Orchestrate, a multi-domain software-defined network (SDN) and network functions virtualization orchestration application to accelerate service velocity; Planet Design that allows network operators to design networks; Planet Operate, an SDN-enabled network management application, which provides fault, configuration, accounting, provisioning, security, and other capabilities; Planet View, a performance monitoring and service level agreement assurance application that allows the network operator to provide end-customers with real-time and historical visibility into the performance of their services through a customized Web portal; and Planet Inventory, an application that offers inventory reporting for multi-layer, multi-vendor packet-optical networks. In addition, the company offers professional, maintenance, support, and training services. It serves various service providers, high-performance data centers, and private network operators. The company was formerly known as Cyan Optics, Inc. and changed its name to Cyan, Inc. in November 2011. Cyan, Inc. was founded in 2006 and is headquartered in Petaluma, California.

265 Employees
Last Reported Date: 03/27/15
Founded in 2006

cyan inc (CYNI) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $350.0K
Co-Founder, President and Director
Total Annual Compensation: $284.0K
Vice President, General Counsel and Secretary
Total Annual Compensation: $275.0K
Senior Vice President of Worldwide Sales & Ma...
Total Annual Compensation: $191.0K
Compensation as of Fiscal Year 2014.

cyan inc (CYNI) Key Developments

Cyan Seeks Acquisitions

Cyan, Inc. (NYSE:CYNI) is looking for acquisition opportunities. Cyan relating to the proposed buyout of the Company by Ciena Corporation. Under the terms of the transaction, Cyan shareholders are anticipated to receive consideration equal to the value of 0.224 shares of Ciena common stock for each share of Cyan common stock owned. The firm's investigation seeks to determine, among other things, whether Cyan's Board of Directors failed to satisfy their duties to shareholders, including whether the Board adequately pursued alternatives to the acquisition and whether the Board obtained the best price possible for Cyan's shares of common stock.

Ciena Corporation, Cyan, Inc. - M&A Call

To acquire all of the outstanding shares of Cyan in a cash and stock transaction

Cyan, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Cyan, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of $36,005,000 against $19,038,000 a year ago. Loss from operations was $10,428,000 against $17,641,000 a year ago. Loss before provision for income taxes was $52,840,000 against $17,750,000 a year ago. Net loss was $52,891,000 against $17,800,000 a year ago. Basic and diluted net loss per share was $1.11 against $0.38 a year ago. Net cash provided by operating activities was $5,995,000 against cash used in operating activities of $14,877,000 a year ago. Purchases of property and equipment were $843,000 against $2,284,000 a year ago. Non-GAAP net loss was $6,784,000 against $15,285,000 a year ago. Basic and diluted non-GAAP net loss per share was $0.14 against $0.33 a year ago.

 

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Industry Analysis

CYNI

Industry Average

Valuation CYNI Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.1x
Price/Book NM Not Meaningful
Price/Cash Flow NM Not Meaningful
TEV/Sales 1.5x
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