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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 4/10

vs
industry
vs
history
Cash to Debt 0.78
CIEN's Cash to Debt is ranked lower than
68% of the 532 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.56 vs. CIEN: 0.78 )
Ranked among companies with meaningful Cash to Debt only.
CIEN' s Cash to Debt Range Over the Past 10 Years
Min: 0.34  Med: 1.29 Max: No Debt
Current: 0.78
Equity to Asset 0.24
CIEN's Equity to Asset is ranked lower than
91% of the 519 Companies
in the Global Communication Equipment industry.

( Industry Median: 0.59 vs. CIEN: 0.24 )
Ranked among companies with meaningful Equity to Asset only.
CIEN' s Equity to Asset Range Over the Past 10 Years
Min: -0.06  Med: 0.48 Max: 0.83
Current: 0.24
-0.06
0.83
Interest Coverage 1.96
CIEN's Interest Coverage is ranked lower than
91% of the 392 Companies
in the Global Communication Equipment industry.

( Industry Median: 81.78 vs. CIEN: 1.96 )
Ranked among companies with meaningful Interest Coverage only.
CIEN' s Interest Coverage Range Over the Past 10 Years
Min: 0.97  Med: 1.75 Max: 1.96
Current: 1.96
0.97
1.96
F-Score: 7
Z-Score: -0.59
M-Score: -2.32
WACC vs ROIC
10.63%
10.67%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry
vs
history
Operating margin (%) 4.11
CIEN's Operating margin (%) is ranked higher than
57% of the 529 Companies
in the Global Communication Equipment industry.

( Industry Median: 3.05 vs. CIEN: 4.11 )
Ranked among companies with meaningful Operating margin (%) only.
CIEN' s Operating margin (%) Range Over the Past 10 Years
Min: -88.75  Med: -2.22 Max: 6.24
Current: 4.11
-88.75
6.24
Net-margin (%) 0.86
CIEN's Net-margin (%) is ranked lower than
58% of the 531 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.41 vs. CIEN: 0.86 )
Ranked among companies with meaningful Net-margin (%) only.
CIEN' s Net-margin (%) Range Over the Past 10 Years
Min: -89.05  Med: -2.94 Max: 10.62
Current: 0.86
-89.05
10.62
ROE (%) 3.94
CIEN's ROE (%) is ranked higher than
50% of the 521 Companies
in the Global Communication Equipment industry.

( Industry Median: 4.07 vs. CIEN: 3.94 )
Ranked among companies with meaningful ROE (%) only.
CIEN' s ROE (%) Range Over the Past 10 Years
Min: -225.82  Med: 0.08 Max: 10.32
Current: 3.94
-225.82
10.32
ROA (%) 0.82
CIEN's ROA (%) is ranked lower than
58% of the 537 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.08 vs. CIEN: 0.82 )
Ranked among companies with meaningful ROA (%) only.
CIEN' s ROA (%) Range Over the Past 10 Years
Min: -32.94  Med: -3.37 Max: 3.89
Current: 0.82
-32.94
3.89
ROC (Joel Greenblatt) (%) 16.32
CIEN's ROC (Joel Greenblatt) (%) is ranked higher than
61% of the 530 Companies
in the Global Communication Equipment industry.

( Industry Median: 10.17 vs. CIEN: 16.32 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
CIEN' s ROC (Joel Greenblatt) (%) Range Over the Past 10 Years
Min: -428.64  Med: -2.29 Max: 97.81
Current: 16.32
-428.64
97.81
Revenue Growth (3Y)(%) 3.30
CIEN's Revenue Growth (3Y)(%) is ranked higher than
53% of the 470 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.00 vs. CIEN: 3.30 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
CIEN' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: -51.9  Med: 13.6 Max: 37.3
Current: 3.3
-51.9
37.3
EBITDA Growth (3Y)(%) 48.00
CIEN's EBITDA Growth (3Y)(%) is ranked higher than
89% of the 349 Companies
in the Global Communication Equipment industry.

( Industry Median: 3.00 vs. CIEN: 48.00 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
CIEN' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: -60.1  Med: 10.1 Max: 169.9
Current: 48
-60.1
169.9
» CIEN's 10-Y Financials

Financials (Next Earnings Date: Est. 2016-12-10)


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow
Oprt. Cash Flow & Net Income

» Details

Guru Trades

Q3 2015

CIEN Guru Trades in Q3 2015

Paul Tudor Jones 71,633 sh (New)
Ray Dalio 19,431 sh (New)
Joel Greenblatt 1,552,216 sh (+779.87%)
Chuck Royce Sold Out
Pioneer Investments Sold Out
Steven Cohen Sold Out
PRIMECAP Management 522,227 sh (-17.14%)
Jim Simons 226,884 sh (-37.55%)
» More
Q4 2015

CIEN Guru Trades in Q4 2015

Steven Cohen 52,900 sh (New)
Jim Simons 1,998,374 sh (+780.79%)
Jerome Dodson 1,700,000 sh (+178.69%)
Ray Dalio Sold Out
PRIMECAP Management 520,627 sh (-0.31%)
Joel Greenblatt 1,294,723 sh (-16.59%)
Paul Tudor Jones 36,092 sh (-49.62%)
» More
Q1 2016

CIEN Guru Trades in Q1 2016

Louis Moore Bacon 125,000 sh (New)
Jerome Dodson 1,800,000 sh (+5.88%)
PRIMECAP Management 520,627 sh (unchged)
Paul Tudor Jones Sold Out
Joel Greenblatt Sold Out
Jim Simons 1,943,174 sh (-2.76%)
Steven Cohen 42,300 sh (-20.04%)
» More
Q2 2016

CIEN Guru Trades in Q2 2016

Paul Tudor Jones 35,500 sh (New)
Chuck Royce 266,500 sh (New)
Jerome Dodson 1,800,000 sh (unchged)
Louis Moore Bacon Sold Out
PRIMECAP Management 520,027 sh (-0.12%)
Jim Simons 1,876,700 sh (-3.42%)
Steven Cohen 9,900 sh (-76.60%)
» More
» Details

Insider Trades

Latest Guru Trades with CIEN

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Business Description

Industry: Communication Equipment » Communication Equipment
Compare:OTCPK:SMNUF, OTCPK:VCMMF, NAS:FNSR, OTCPK:VTKLY, OTCPK:FXCNY, NAS:VSAT, NAS:LITE, NAS:SATS, NAS:BBRY, NAS:NTGR, NAS:ACIA, NYSE:GIMO, NAS:UBNT, NAS:VIAV, NYSE:PLT, NAS:PLCM, OTCPK:EUTLF, NYSE:BLOX, OTCPK:TKHGF, NYSE:CUDA » details
Traded in other countries:CIE1.Germany,
Ciena Corp is a network specialist providing networking solutions. It provides equipment, software & services supporting the transport, switching, aggregation, service delivery & management of voice, video and data traffic on communications networks.

Ciena Corp was incorporated in Delaware in November 2, 1992 and completed its initial public offering on February 7, 1997. The Company is a network specialist focused on providing communications networking solutions that enable network operators to adopt next-generation architectures. It has optimized its business and solutions to enable network operators to create and deliver the broad array of high-bandwidth services relied upon by enterprise and consumer end users. It provides equipment, software and services that support the transport, switching, aggregation, service delivery and management of voice, video and data traffic on communications networks. In addition to its high-capacity hardware platforms, it offers network management and control software platforms that help network operators simplify and automate their networks and virtualize certain network functions. Its solutions are designed to enable network operators to adopt open, multi-vendor, software-programmable network infrastructures that improve automation, reduce network complexity and flexibly support changing service requirements. Its solutions yield business and operational value for its customers by enabling them to introduce new, revenue-generating services and to reduce network complexity and expense. The Company's Converged Packet Optical, Packet Networking and Optical Transport products are used, individually or as part of an integrated solution, by communications service providers, cable and multiservice operators, Web-scale providers, submarine network operators, governments, enterprises, research and education (R&E) institutions and other network operators across the globe. Its products, which support applications from the network core to network access points, allow network operators to scale capacity, increase transmission speeds, allocate traffic and adapt dynamically to changing end-user service demands. Its software solutions are oriented around Blue Planet software platform, a modular, network virtualization, service orchestration and network management software platform designed to simplify the creation, automation and delivery of services across multi-vendor and multi-domain network environments. To complement the hardware and software solutions, it offers network transformation and related support services that help its customers design, optimize, deploy, manage and maintain their networks. The Company sells its product and service solutions through direct and indirect sales channels to network operators in the following customer and market segment: Communications Service Providers - include regional, national and international wireline and wireless carriers; Cable & Multiservice Operators - include cable and multiservice operators in the United States and internationally; Web-scale Providers - include Internet content providers focused on applications such as search, social media, video, real-time communications and cloud-based offerings to co

Ratios

vs
industry
vs
history
P/E(ttm) 186.75
CIEN's P/E(ttm) is ranked lower than
95% of the 337 Companies
in the Global Communication Equipment industry.

( Industry Median: 21.38 vs. CIEN: 186.75 )
Ranked among companies with meaningful P/E(ttm) only.
CIEN' s P/E(ttm) Range Over the Past 10 Years
Min: 12.14  Med: 81.08 Max: 2057.86
Current: 186.75
12.14
2057.86
Forward P/E 13.89
CIEN's Forward P/E is ranked higher than
62% of the 61 Companies
in the Global Communication Equipment industry.

( Industry Median: 15.67 vs. CIEN: 13.89 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 186.75
CIEN's PE(NRI) is ranked lower than
94% of the 339 Companies
in the Global Communication Equipment industry.

( Industry Median: 21.31 vs. CIEN: 186.75 )
Ranked among companies with meaningful PE(NRI) only.
CIEN' s PE(NRI) Range Over the Past 10 Years
Min: 12.14  Med: 81.08 Max: 2881
Current: 186.75
12.14
2881
Price/Owner Earnings (ttm) 89.64
CIEN's Price/Owner Earnings (ttm) is ranked lower than
86% of the 236 Companies
in the Global Communication Equipment industry.

( Industry Median: 19.18 vs. CIEN: 89.64 )
Ranked among companies with meaningful Price/Owner Earnings (ttm) only.
CIEN' s Price/Owner Earnings (ttm) Range Over the Past 10 Years
Min: 25.49  Med: 66.61 Max: 447.87
Current: 89.64
25.49
447.87
P/B 4.32
CIEN's P/B is ranked lower than
77% of the 509 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.81 vs. CIEN: 4.32 )
Ranked among companies with meaningful P/B only.
CIEN' s P/B Range Over the Past 10 Years
Min: 0.49  Med: 3.6 Max: 94.01
Current: 4.32
0.49
94.01
P/S 1.20
CIEN's P/S is ranked higher than
53% of the 524 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.32 vs. CIEN: 1.20 )
Ranked among companies with meaningful P/S only.
CIEN' s P/S Range Over the Past 10 Years
Min: 0.59  Med: 1.18 Max: 6.63
Current: 1.2
0.59
6.63
PFCF 23.13
CIEN's PFCF is ranked lower than
68% of the 216 Companies
in the Global Communication Equipment industry.

( Industry Median: 14.16 vs. CIEN: 23.13 )
Ranked among companies with meaningful PFCF only.
CIEN' s PFCF Range Over the Past 10 Years
Min: 7.3  Med: 22 Max: 13655
Current: 23.13
7.3
13655
POCF 13.14
CIEN's POCF is ranked lower than
56% of the 264 Companies
in the Global Communication Equipment industry.

( Industry Median: 11.60 vs. CIEN: 13.14 )
Ranked among companies with meaningful POCF only.
CIEN' s POCF Range Over the Past 10 Years
Min: 5.44  Med: 20.94 Max: 890.56
Current: 13.14
5.44
890.56
EV-to-EBIT 39.18
CIEN's EV-to-EBIT is ranked lower than
71% of the 347 Companies
in the Global Communication Equipment industry.

( Industry Median: 17.13 vs. CIEN: 39.18 )
Ranked among companies with meaningful EV-to-EBIT only.
CIEN' s EV-to-EBIT Range Over the Past 10 Years
Min: -781.9  Med: -1.7 Max: 224
Current: 39.18
-781.9
224
EV-to-EBITDA 13.90
CIEN's EV-to-EBITDA is ranked lower than
52% of the 371 Companies
in the Global Communication Equipment industry.

( Industry Median: 13.05 vs. CIEN: 13.90 )
Ranked among companies with meaningful EV-to-EBITDA only.
CIEN' s EV-to-EBITDA Range Over the Past 10 Years
Min: -86.9  Med: 16.6 Max: 361.3
Current: 13.9
-86.9
361.3
Current Ratio 1.95
CIEN's Current Ratio is ranked lower than
55% of the 512 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.07 vs. CIEN: 1.95 )
Ranked among companies with meaningful Current Ratio only.
CIEN' s Current Ratio Range Over the Past 10 Years
Min: 1.81  Med: 5.37 Max: 8.61
Current: 1.95
1.81
8.61
Quick Ratio 1.75
CIEN's Quick Ratio is ranked higher than
55% of the 512 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.62 vs. CIEN: 1.75 )
Ranked among companies with meaningful Quick Ratio only.
CIEN' s Quick Ratio Range Over the Past 10 Years
Min: 1.44  Med: 4.65 Max: 7.61
Current: 1.75
1.44
7.61
Days Inventory 51.21
CIEN's Days Inventory is ranked higher than
65% of the 499 Companies
in the Global Communication Equipment industry.

( Industry Median: 68.54 vs. CIEN: 51.21 )
Ranked among companies with meaningful Days Inventory only.
CIEN' s Days Inventory Range Over the Past 10 Years
Min: 51.21  Med: 83.48 Max: 92.61
Current: 51.21
51.21
92.61
Days Sales Outstanding 83.36
CIEN's Days Sales Outstanding is ranked lower than
62% of the 460 Companies
in the Global Communication Equipment industry.

( Industry Median: 69.65 vs. CIEN: 83.36 )
Ranked among companies with meaningful Days Sales Outstanding only.
CIEN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 48.72  Med: 75.78 Max: 101.41
Current: 83.36
48.72
101.41
Days Payable 59.39
CIEN's Days Payable is ranked higher than
53% of the 425 Companies
in the Global Communication Equipment industry.

( Industry Median: 57.15 vs. CIEN: 59.39 )
Ranked among companies with meaningful Days Payable only.
CIEN' s Days Payable Range Over the Past 10 Years
Min: 36.18  Med: 56.33 Max: 99.07
Current: 59.39
36.18
99.07

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio -10.50
CIEN's 3-Year Average Share Buyback Ratio is ranked lower than
76% of the 332 Companies
in the Global Communication Equipment industry.

( Industry Median: -2.10 vs. CIEN: -10.50 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
CIEN' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -20.3  Med: -6.15 Max: -1.3
Current: -10.5
-20.3
-1.3

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 10.77
CIEN's Price/Tangible Book is ranked lower than
90% of the 480 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.15 vs. CIEN: 10.77 )
Ranked among companies with meaningful Price/Tangible Book only.
CIEN' s Price/Tangible Book Range Over the Past 10 Years
Min: 1.2  Med: 5.21 Max: 63.39
Current: 10.77
1.2
63.39
Price/Projected FCF 4.33
CIEN's Price/Projected FCF is ranked lower than
78% of the 299 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.34 vs. CIEN: 4.33 )
Ranked among companies with meaningful Price/Projected FCF only.
CIEN' s Price/Projected FCF Range Over the Past 10 Years
Min: 1.79  Med: 6.93 Max: 18.85
Current: 4.33
1.79
18.85
Price/Median PS Value 1.03
CIEN's Price/Median PS Value is ranked higher than
59% of the 487 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.12 vs. CIEN: 1.03 )
Ranked among companies with meaningful Price/Median PS Value only.
CIEN' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.57  Med: 2.72 Max: 31
Current: 1.03
0.57
31
Price/Graham Number 9.46
CIEN's Price/Graham Number is ranked lower than
94% of the 307 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.50 vs. CIEN: 9.46 )
Ranked among companies with meaningful Price/Graham Number only.
CIEN' s Price/Graham Number Range Over the Past 10 Years
Min: 1.53  Med: 7.97 Max: 34.84
Current: 9.46
1.53
34.84
Earnings Yield (Greenblatt) (%) 2.53
CIEN's Earnings Yield (Greenblatt) (%) is ranked higher than
54% of the 528 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.20 vs. CIEN: 2.53 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
CIEN' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 0.4  Med: 2.3 Max: 11.5
Current: 2.53
0.4
11.5

More Statistics

Revenue (TTM) (Mil) $2,576
EPS (TTM) $ 0.12
Beta1.61
Short Percentage of Float8.59%
52-Week Range $15.62 - 25.46
Shares Outstanding (Mil)139.34

Analyst Estimate

Oct16 Oct17 Oct18
Revenue (Mil $) 2,597 2,758 2,921
EPS ($) 1.47 1.61 1.91
EPS w/o NRI ($) 1.47 1.61 1.91
EPS Growth Rate
(3Y to 5Y Estimate)
4.82%
Dividends Per Share ($)
» More Articles for CIEN

Headlines

Articles On GuruFocus.com
Weekly CEO Sales Highlight: pSivida Corp., Equity Residential, Ciena Corp., Sabre Corp. Dec 28 2015 
On-Demand Networking Growth Makes Ciena a Solid Investment Aug 05 2014 
Ciena's Is a Turnaround Stock That Investors Should Consider Jul 28 2014 
A Few Reasons Why Ciena Is a Solid Investment Jun 24 2014 
Benefit from Higher Telecom Spending with This Telecom Player May 29 2014 
Following the New $70 Million Buy of George Soros: Ciena Corporation Jan 09 2012 
CIENA CORPORATION (CIEN) PRESIDENT, CEO Gary B Smith sells 4,800 Shares Mar 14 2011 
CIENA CORPORATION (CIEN) PRESIDENT, CEO Gary B Smith sells 6,244 Shares Feb 24 2011 
CIENA CORPORATION (CIEN) PRESIDENT, CEO Gary B Smith sells 6,250 Shares Feb 11 2011 
CIENA CORPORATION (CIEN) PRESIDENT, CEO Gary B Smith sells 6,250 Shares Jan 26 2011 

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