Ciena Corporation Logo

Ciena Corporation

CIEN

(1.8)
Stock Price

56,30 USD

5.15% ROA

7.85% ROE

29x PER

Market Cap.

7.260.327.900,00 USD

56.35% DER

0% Yield

5.22% NPM

Ciena Corporation Stock Analysis

Ciena Corporation Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

Ciena Corporation Fundamental Stock Analysis
# Analysis Rating
1 Assets Growth

With a track record of consistent revenue growth in the past five years, this company presents a compelling opportunity.

2 ROE

The stock's ROE falls within an average range (7.26%), demonstrating satisfactory profitability and efficiency in utilizing shareholders' equity.

3 ROA

The stock's ROA (3.96%) shows that it's doing a pretty good job at making money from its assets, making it a solid choice to invest and earn steady profits.

4 PBV

The stock's PBV ratio (2.32x) reflects a fair valuation, making it an attractive option for investors seeking balanced opportunities.

5 DER

The stock maintains a fair debt to equity ratio (56%), indicating a reasonable balance between the money it owes and the ownership it possesses.

6 Buffet Intrinsic Value

The company's stock seems undervalued (882) by Warren Buffett's formula, indicating a promising investment opportunity as its intrinsic value exceeds the market price.

7 Revenue Growth

Company has experienced no growth in revenue over the past three years, suggesting limited profitability and making it a less desirable investment opportunity.

8 Net Profit Growth

The net profit of this company has shown no signs of growth over the last five years, suggesting limited profitability and making it a less attractive investment opportunity.

9 Graham Number

The company's Graham number suggests that its stock price is overestimated, implying that it may not be a promising investment opportunity.

10 Dividend Growth

The company's dividend growth has been flat for the past three years, raising concerns for potential investors seeking reliable returns.

11 Dividend

Investors should be cautious as the company hasn't distributed dividends in the last three years, possibly indicating financial challenges.

Ciena Corporation Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

Ciena Corporation Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Buy
2 MACD Buy
3 RSI Hold
4 Stoch RSI Sell

Ciena Corporation Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

Ciena Corporation Revenue
Year Revenue Growth
1997 373.800.000
1998 508.100.000 26.43%
1999 482.100.000 -5.39%
2000 858.750.000 43.86%
2001 1.603.229.000 46.44%
2002 361.155.000 -343.92%
2003 283.136.000 -27.56%
2004 298.707.000 5.21%
2005 427.257.000 30.09%
2006 564.056.000 24.25%
2007 779.769.000 27.66%
2008 902.448.000 13.59%
2009 652.629.000 -38.28%
2010 1.236.636.000 47.23%
2011 1.741.970.000 29.01%
2012 1.833.923.000 5.01%
2013 2.082.546.000 11.94%
2014 2.288.289.000 8.99%
2015 2.445.669.000 6.44%
2016 2.600.573.000 5.96%
2017 2.801.687.000 7.18%
2018 3.094.286.000 9.46%
2019 3.572.131.000 13.38%
2020 3.532.157.000 -1.13%
2021 3.620.684.000 2.45%
2022 3.632.661.000 0.33%
2023 4.517.948.000 19.59%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

Ciena Corporation Research and Development Expenses
Year Research and Development Expenses Growth
1997 23.300.000
1998 64.500.000 63.88%
1999 104.600.000 38.34%
2000 129.069.000 18.96%
2001 235.831.000 45.27%
2002 239.619.000 1.58%
2003 212.523.000 -12.75%
2004 205.364.000 -3.49%
2005 137.245.000 -49.63%
2006 111.069.000 -23.57%
2007 127.296.000 12.75%
2008 175.023.000 27.27%
2009 190.319.000 8.04%
2010 327.626.000 41.91%
2011 379.862.000 13.75%
2012 364.179.000 -4.31%
2013 383.408.000 5.02%
2014 401.180.000 4.43%
2015 414.201.000 3.14%
2016 451.794.000 8.32%
2017 475.329.000 4.95%
2018 491.564.000 3.3%
2019 548.139.000 10.32%
2020 529.888.000 -3.44%
2021 536.666.000 1.26%
2022 624.656.000 14.09%
2023 757.776.000 17.57%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

Ciena Corporation General and Administrative Expenses
Year General and Administrative Expenses Growth
1997 37.600.000
1998 63.700.000 40.97%
1999 84.600.000 24.7%
2000 152.932.000 44.68%
2001 239.602.000 36.17%
2002 50.820.000 -371.47%
2003 38.478.000 -32.08%
2004 27.274.000 -41.08%
2005 33.082.000 17.56%
2006 47.476.000 30.32%
2007 50.262.000 5.54%
2008 68.639.000 26.77%
2009 47.509.000 -44.48%
2010 102.692.000 53.74%
2011 126.242.000 18.65%
2012 114.122.000 -10.62%
2013 122.432.000 6.79%
2014 126.824.000 3.46%
2015 123.402.000 -2.77%
2016 132.828.000 7.1%
2017 142.604.000 6.86%
2018 160.133.000 10.95%
2019 174.399.000 8.18%
2020 169.548.000 -2.86%
2021 181.874.000 6.78%
2022 179.382.000 -1.39%
2023 256.400.000 30.04%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

Ciena Corporation EBITDA
Year EBITDA Growth
1997 179.300.000
1998 187.700.000 4.48%
1999 58.300.000 -221.96%
2000 155.438.000 62.49%
2001 2.152.009.000 92.78%
2002 255.744.000 -741.47%
2003 -131.619.000 294.31%
2004 -75.984.000 -73.22%
2005 2.650.000 2967.32%
2006 22.868.000 88.41%
2007 79.786.000 71.34%
2008 84.817.000 5.93%
2009 -49.502.000 271.34%
2010 -38.202.000 -29.58%
2011 40.757.000 193.73%
2012 61.484.000 33.71%
2013 132.401.000 53.56%
2014 158.820.000 16.63%
2015 270.380.000 41.26%
2016 307.407.000 12.04%
2017 361.557.000 14.98%
2018 363.216.000 0.46%
2019 501.262.000 27.54%
2020 646.174.000 22.43%
2021 659.759.000 2.06%
2022 404.180.000 -63.23%
2023 586.004.000 31.03%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

Ciena Corporation Gross Profit
Year Gross Profit Growth
1997 247.800.000
1998 285.900.000 13.33%
1999 234.500.000 -21.92%
2000 445.977.000 47.42%
2001 698.680.000 36.17%
2002 -234.879.000 397.46%
2003 73.045.000 421.55%
2004 71.753.000 -1.8%
2005 136.190.000 47.31%
2006 257.781.000 47.17%
2007 362.269.000 28.84%
2008 450.927.000 19.66%
2009 284.830.000 -58.31%
2010 497.501.000 42.75%
2011 709.146.000 29.85%
2012 724.224.000 2.08%
2013 865.175.000 16.29%
2014 948.352.000 8.77%
2015 1.075.563.000 11.83%
2016 1.161.576.000 7.4%
2017 1.245.786.000 6.76%
2018 1.314.690.000 5.24%
2019 1.542.066.000 14.74%
2020 1.652.891.000 6.7%
2021 1.721.979.000 4.01%
2022 1.560.344.000 -10.36%
2023 1.945.124.000 19.78%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

Ciena Corporation Net Profit
Year Net Profit Growth
1997 112.900.000
1998 53.200.000 -112.22%
1999 -3.900.000 1464.1%
2000 81.387.000 104.79%
2001 -1.794.062.000 104.54%
2002 -1.597.499.000 -12.3%
2003 -386.517.000 -313.31%
2004 -789.464.000 51.04%
2005 -435.699.000 -81.19%
2006 595.000 73326.72%
2007 82.788.000 99.28%
2008 38.894.000 -112.86%
2009 -581.154.000 106.69%
2010 -333.514.000 -74.25%
2011 -195.521.000 -70.58%
2012 -144.021.000 -35.76%
2013 -85.431.000 -68.58%
2014 -40.637.000 -110.23%
2015 11.667.000 448.31%
2016 72.584.000 83.93%
2017 1.261.953.000 94.25%
2018 -344.690.000 466.11%
2019 253.434.000 236.01%
2020 361.291.000 29.85%
2021 500.196.000 27.77%
2022 152.902.000 -227.14%
2023 364.796.000 58.09%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

Ciena Corporation Earning per Share (EPS)
Year Earning per Share (EPS) Growth
1997 5
1998 1 -400%
1999 0 0%
2000 2 100%
2001 -40 105%
2002 -31 -33.33%
2003 -6 -400%
2004 -11 40%
2005 -5 -100%
2006 0 0%
2007 1 0%
2008 0 0%
2009 -6 100%
2010 -4 -100%
2011 -2 -50%
2012 -1 -100%
2013 -1 0%
2014 0 0%
2015 0 0%
2016 1 0%
2017 9 100%
2018 -2 500%
2019 2 300%
2020 2 50%
2021 3 33.33%
2022 1 -200%
2023 2 50%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

Ciena Corporation Free Cashflow
Year Free Cashflow Growth
1997 13.500.000
1998 -50.900.000 126.52%
1999 -29.100.000 -74.91%
2000 -64.909.000 55.17%
2001 -81.554.000 20.41%
2002 -91.834.000 11.19%
2003 -270.702.000 66.08%
2004 -278.434.000 2.78%
2005 -259.814.000 -7.17%
2006 -97.153.000 -167.43%
2007 76.637.000 226.77%
2008 87.621.000 12.54%
2009 -16.693.000 624.9%
2010 -280.217.000 94.04%
2011 -142.852.000 -96.16%
2012 58.991.000 342.16%
2013 864.000 -6727.66%
2014 41.600.000 97.92%
2015 200.003.000 79.2%
2016 182.335.000 -9.69%
2017 140.282.000 -29.98%
2018 161.645.000 13.22%
2019 350.561.000 53.89%
2020 410.987.000 14.7%
2021 462.096.000 11.06%
2022 -258.574.000 278.71%
2023 172.697.000 249.73%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

Ciena Corporation Operating Cashflow
Year Operating Cashflow Growth
1997 80.100.000
1998 35.500.000 -125.63%
1999 17.700.000 -100.56%
2000 59.038.000 70.02%
2001 156.990.000 62.39%
2002 -25.504.000 715.55%
2003 -241.158.000 89.42%
2004 -245.435.000 1.74%
2005 -230.270.000 -6.59%
2006 -79.393.000 -190.04%
2007 108.742.000 173.01%
2008 117.619.000 7.55%
2009 7.421.000 -1484.95%
2010 -229.010.000 103.24%
2011 -90.485.000 -153.09%
2012 107.089.000 184.5%
2013 44.678.000 -139.69%
2014 89.816.000 50.26%
2015 262.112.000 65.73%
2016 289.520.000 9.47%
2017 234.882.000 -23.26%
2018 229.261.000 -2.45%
2019 413.140.000 44.51%
2020 493.654.000 16.31%
2021 541.646.000 8.86%
2022 -167.756.000 422.88%
2023 195.472.000 185.82%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

Ciena Corporation Capital Expenditure
Year Capital Expenditure Growth
1997 66.600.000
1998 86.400.000 22.92%
1999 46.800.000 -84.62%
2000 123.947.000 62.24%
2001 238.544.000 48.04%
2002 66.330.000 -259.63%
2003 29.544.000 -124.51%
2004 32.999.000 10.47%
2005 29.544.000 -11.69%
2006 17.760.000 -66.35%
2007 32.105.000 44.68%
2008 29.998.000 -7.02%
2009 24.114.000 -24.4%
2010 51.207.000 52.91%
2011 52.367.000 2.22%
2012 48.098.000 -8.88%
2013 43.814.000 -9.78%
2014 48.216.000 9.13%
2015 62.109.000 22.37%
2016 107.185.000 42.05%
2017 94.600.000 -13.3%
2018 67.616.000 -39.91%
2019 62.579.000 -8.05%
2020 82.667.000 24.3%
2021 79.550.000 -3.92%
2022 90.818.000 12.41%
2023 22.775.000 -298.76%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

Ciena Corporation Equity
Year Equity Growth
1997 363.600.000
1998 474.900.000 23.44%
1999 530.500.000 10.48%
2000 809.835.000 34.49%
2001 2.128.982.000 61.96%
2002 1.527.269.000 -39.4%
2003 1.330.817.000 -14.76%
2004 1.154.422.000 -15.28%
2005 735.367.000 -56.99%
2006 753.626.000 2.42%
2007 850.154.000 11.35%
2008 998.949.000 14.9%
2009 455.838.000 -119.15%
2010 159.293.000 -186.16%
2011 13.873.000 -1048.22%
2012 -88.972.000 115.59%
2013 -82.677.000 -7.61%
2014 -69.615.000 -18.76%
2015 620.876.000 111.21%
2016 766.341.000 18.98%
2017 2.136.342.000 64.13%
2018 1.929.334.000 -10.73%
2019 2.172.761.000 11.2%
2020 2.509.597.000 13.42%
2021 3.020.018.000 16.9%
2022 2.712.861.000 -11.32%
2023 2.848.361.000 4.76%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

Ciena Corporation Assets
Year Assets Growth
1997 447.200.000
1998 572.400.000 21.87%
1999 677.800.000 15.55%
2000 1.027.201.000 34.01%
2001 3.317.301.000 69.04%
2002 2.751.022.000 -20.58%
2003 2.378.165.000 -15.68%
2004 2.137.054.000 -11.28%
2005 1.675.229.000 -27.57%
2006 1.839.713.000 8.94%
2007 2.416.273.000 23.86%
2008 2.024.594.000 -19.35%
2009 1.504.383.000 -34.58%
2010 2.118.093.000 28.97%
2011 1.951.418.000 -8.54%
2012 1.881.143.000 -3.74%
2013 1.802.770.000 -4.35%
2014 2.072.632.000 13.02%
2015 2.695.051.000 23.09%
2016 2.882.442.000 6.5%
2017 3.951.711.000 27.06%
2018 3.756.523.000 -5.2%
2019 3.893.346.000 3.51%
2020 4.180.917.000 6.88%
2021 4.865.227.000 14.07%
2022 5.069.632.000 4.03%
2023 5.601.495.000 9.5%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

Ciena Corporation Liabilities
Year Liabilities Growth
1997 83.600.000
1998 97.500.000 14.26%
1999 147.300.000 33.81%
2000 217.366.000 32.23%
2001 1.188.319.000 81.71%
2002 1.223.753.000 2.9%
2003 1.047.348.000 -16.84%
2004 982.632.000 -6.59%
2005 939.862.000 -4.55%
2006 1.086.087.000 13.46%
2007 1.566.119.000 30.65%
2008 1.025.645.000 -52.7%
2009 1.048.545.000 2.18%
2010 1.958.800.000 46.47%
2011 1.937.545.000 -1.1%
2012 1.970.115.000 1.65%
2013 1.885.447.000 -4.49%
2014 2.142.247.000 11.99%
2015 2.074.175.000 -3.28%
2016 2.116.101.000 1.98%
2017 1.815.369.000 -16.57%
2018 1.827.189.000 0.65%
2019 1.720.585.000 -6.2%
2020 1.671.320.000 -2.95%
2021 1.845.209.000 9.42%
2022 2.356.771.000 21.71%
2023 2.753.134.000 14.4%

Ciena Corporation Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
29.75
Net Income per Share
1.73
Price to Earning Ratio
29x
Price To Sales Ratio
1.66x
POCF Ratio
43.91
PFCF Ratio
116.85
Price to Book Ratio
2.59
EV to Sales
1.79
EV Over EBITDA
13.33
EV to Operating CashFlow
46.66
EV to FreeCashFlow
126.41
Earnings Yield
0.03
FreeCashFlow Yield
0.01
Market Cap
7,26 Bil.
Enterprise Value
7,85 Bil.
Graham Number
27.41
Graham NetNet
-2.44

Income Statement Metrics

Net Income per Share
1.73
Income Quality
0.66
ROE
0.09
Return On Assets
0.04
Return On Capital Employed
0.08
Net Income per EBT
0.78
EBT Per Ebit
0.81
Ebit per Revenue
0.08
Effective Tax Rate
0.22

Margins

Sales, General, & Administrative to Revenue
0.05
Research & Developement to Revenue
0.17
Stock Based Compensation to Revenue
0.03
Gross Profit Margin
0.43
Operating Profit Margin
0.08
Pretax Profit Margin
0.07
Net Profit Margin
0.05

Dividends

Dividend Yield
0
Dividend Yield %
0
Payout Ratio
0
Dividend Per Share
0

Operating Metrics

Operating Cashflow per Share
1.14
Free CashFlow per Share
0.42
Capex to Operating CashFlow
-0.63
Capex to Revenue
-0.02
Capex to Depreciation
-0.75
Return on Invested Capital
0.07
Return on Tangible Assets
0.05
Days Sales Outstanding
83.53
Days Payables Outstanding
46.26
Days of Inventory on Hand
152.95
Receivables Turnover
4.37
Payables Turnover
7.89
Inventory Turnover
2.39
Capex per Share
-0.72

Balance Sheet

Cash per Share
7,57
Book Value per Share
19,32
Tangible Book Value per Share
14.91
Shareholders Equity per Share
19.32
Interest Debt per Share
11.48
Debt to Equity
0.56
Debt to Assets
0.29
Net Debt to EBITDA
1.01
Current Ratio
3.84
Tangible Asset Value
2,20 Bil.
Net Current Asset Value
0,82 Bil.
Invested Capital
0.56
Working Capital
2,64 Bil.
Intangibles to Total Assets
0.12
Average Receivables
1,00 Bil.
Average Payables
0,36 Bil.
Average Inventory
1121680000
Debt to Market Cap
0.22

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

Ciena Corporation Dividends
Year Dividends Growth

Ciena Corporation Profile

About Ciena Corporation

Ciena Corporation provides network hardware, software, and services that support the transport, routing, switching, aggregation, service delivery, and management of video, data, and voice traffic on communications networks worldwide. The company's Networking Platforms segment offers hardware networking products and solutions that optimized for the convergence of coherent optical transport, optical transport network switching, and packet switching. Its products include 6500 Packet-Optical Platform, 5430 Reconfigurable Switching System, Waveserver stackable interconnect system, and the 6500 Reconfigurable line system, and the 5400 family of Packet-Optical platforms, as well as Z-Series Packet-Optical Platform; 3000 family of service delivery switches and service aggregation switches, and the 5000 family of service aggregation switches, as well as 8700 Packetwave Platform and the Ethernet packet configuration for the 5410 Service Aggregation Switch; and 6500 Packet Transport System. This segment also sells operating system software and enhanced software features embedded in each of its products. The company's Blue Planet Automation Software and Services segment provides multi-domain service orchestration, inventory, route optimization and analysis, network function virtualization orchestration, analytics, and related services. Its Platform Software and Service segment offers OneControl unified management system and platform software services, as well as manage, control, and plan software. The company's Global Services segment provides consulting and network design, installation and deployment, maintenance support, and training services. The company sells its products through direct and indirect sales channels to network operators. Ciena Corporation was founded in 1992 and is headquartered in Hanover, Maryland.

CEO
Mr. Gary B. Smith
Employee
8.313
Address
7035 Ridge Road
Hanover, 21076

Ciena Corporation Executives & BODs

Ciena Corporation Executives & BODs
# Name Age
1 Mr. Gary B. Smith
Chief Executive Officer, President & Director
70
2 Mr. Gregg M. Lampf
Vice President of Investor Relations
70
3 Dr. Patrick H. Nettles
Executive Chairman of the Board
70
4 Ms. Sheela Kosaraju
Senior Vice President, General Counsel, Assistant Secretary & Interim Chief People Officer
70
5 Mr. Joseph R. Cumello
Senior Vice President & GM of Blue Planet
70
6 Mr. Stephen B. Alexander
Chief Technology Officer & Member of Technology Advisory Council
70
7 Mr. Jason M. Phipps
Senior Vice President of Global Customer Engagement
70
8 Mr. James E. Moylan Jr.
Senior Vice President of Finance & Chief Financial Officer
70
9 Mr. David M. Rothenstein
Senior Vice President, Chief Strategy Officer & Corporate Secretary
70
10 Ms. Rebecca Smith
Senior Vice President of Global Marketing & Communications
70

Ciena Corporation Competitors