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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 : 6/10

vs
industry
vs
history
Cash to Debt 0.57
CIEN's Cash to Debt is ranked lower than
75% of the 522 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.21 vs. CIEN: 0.57 )
Ranked among companies with meaningful Cash to Debt only.
CIEN' s 10-Year Cash to Debt Range
Min: 0.34  Med: 1.32 Max: No Debt
Current: 0.57
Equity to Asset 0.07
CIEN's Equity to Asset is ranked lower than
97% of the 491 Companies
in the Global Communication Equipment industry.

( Industry Median: 0.58 vs. CIEN: 0.07 )
Ranked among companies with meaningful Equity to Asset only.
CIEN' s 10-Year Equity to Asset Range
Min: -0.06  Med: 0.49 Max: 0.83
Current: 0.07
-0.06
0.83
Interest Coverage 0.63
CIEN's Interest Coverage is ranked lower than
98% of the 331 Companies
in the Global Communication Equipment industry.

( Industry Median: 487.69 vs. CIEN: 0.63 )
Ranked among companies with meaningful Interest Coverage only.
CIEN' s 10-Year Interest Coverage Range
Min: 0.63  Med: 147.01 Max: 630
Current: 0.63
0.63
630
F-Score: 5
Z-Score: -1.32
M-Score: -2.78
WACC vs ROIC
10.93%
10.04%
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 (%) 3.49
CIEN's Operating margin (%) is ranked higher than
54% of the 516 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.75 vs. CIEN: 3.49 )
Ranked among companies with meaningful Operating margin (%) only.
CIEN' s 10-Year Operating margin (%) Range
Min: -410.96  Med: -4.96 Max: 45.74
Current: 3.49
-410.96
45.74
Net-margin (%) -0.54
CIEN's Net-margin (%) is ranked lower than
65% of the 517 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.49 vs. CIEN: -0.54 )
Ranked among companies with meaningful Net-margin (%) only.
CIEN' s 10-Year Net-margin (%) Range
Min: -442.33  Med: -5.98 Max: 28.07
Current: -0.54
-442.33
28.07
ROA (%) -0.63
CIEN's ROA (%) is ranked lower than
65% of the 527 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.33 vs. CIEN: -0.63 )
Ranked among companies with meaningful ROA (%) only.
CIEN' s 10-Year ROA (%) Range
Min: -82.59  Med: -7.52 Max: 9.98
Current: -0.63
-82.59
9.98
ROC (Joel Greenblatt) (%) 14.63
CIEN's ROC (Joel Greenblatt) (%) is ranked higher than
61% of the 522 Companies
in the Global Communication Equipment industry.

( Industry Median: 7.81 vs. CIEN: 14.63 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
CIEN' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -1030.85  Med: -22.68 Max: 97.81
Current: 14.63
-1030.85
97.81
Revenue Growth (3Y)(%) 6.00
CIEN's Revenue Growth (3Y)(%) is ranked higher than
56% of the 412 Companies
in the Global Communication Equipment industry.

( Industry Median: 4.00 vs. CIEN: 6.00 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
CIEN' s 10-Year Revenue Growth (3Y)(%) Range
Min: -51.9  Med: 14.40 Max: 37.3
Current: 6
-51.9
37.3
EBITDA Growth (3Y)(%) 192.40
CIEN's EBITDA Growth (3Y)(%) is ranked higher than
98% of the 307 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.90 vs. CIEN: 192.40 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
CIEN' s 10-Year EBITDA Growth (3Y)(%) Range
Min: -60.9  Med: -13.70 Max: 192.4
Current: 192.4
-60.9
192.4
EPS Growth (3Y)(%) -42.90
CIEN's EPS Growth (3Y)(%) is ranked lower than
88% of the 274 Companies
in the Global Communication Equipment industry.

( Industry Median: -2.70 vs. CIEN: -42.90 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
CIEN' s 10-Year EPS Growth (3Y)(%) Range
Min: -44.3  Med: -38.60 Max: 573.9
Current: -42.9
-44.3
573.9
» CIEN's 10-Y Financials

Financials


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

» Details

Guru Trades

Q3 2014

CIEN Guru Trades in Q3 2014

Dodge & Cox 11,230 sh (New)
George Soros 375,000 sh (unchged)
PRIMECAP Management 636,669 sh (unchged)
Chuck Royce 680,500 sh (-18.26%)
» More
Q4 2014

CIEN Guru Trades in Q4 2014

Caxton Associates 150,000 sh (New)
Jim Simons 17,505 sh (New)
Paul Tudor Jones 60,967 sh (New)
Chuck Royce 705,500 sh (+3.67%)
Dodge & Cox Sold Out
PRIMECAP Management 633,469 sh (-0.50%)
» More
Q1 2015

CIEN Guru Trades in Q1 2015

Jim Simons 48,200 sh (+175.35%)
Caxton Associates 390,000 sh (+160.00%)
Paul Tudor Jones Sold Out
PRIMECAP Management 632,469 sh (-0.16%)
Chuck Royce 580,500 sh (-17.72%)
» More
Q2 2015

CIEN Guru Trades in Q2 2015

Steven Cohen 6,600 sh (New)
Joel Greenblatt 176,414 sh (New)
Pioneer Investments 912,900 sh (New)
Jim Simons 363,305 sh (+653.74%)
Caxton Associates Sold Out
PRIMECAP Management 630,269 sh (-0.35%)
Chuck Royce 207,500 sh (-64.25%)
» 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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Ratios

vs
industry
vs
history
Forward P/E 15.02
CIEN's Forward P/E is ranked higher than
58% of the 168 Companies
in the Global Communication Equipment industry.

( Industry Median: 16.10 vs. CIEN: 15.02 )
Ranked among companies with meaningful Forward P/E only.
N/A
P/B 17.96
CIEN's P/B is ranked lower than
98% of the 489 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.65 vs. CIEN: 17.96 )
Ranked among companies with meaningful P/B only.
CIEN' s 10-Year P/B Range
Min: 0.49  Med: 3.11 Max: 92.13
Current: 17.96
0.49
92.13
P/S 1.07
CIEN's P/S is ranked higher than
50% of the 513 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.11 vs. CIEN: 1.07 )
Ranked among companies with meaningful P/S only.
CIEN' s 10-Year P/S Range
Min: 0.59  Med: 1.45 Max: 6.64
Current: 1.07
0.59
6.64
PFCF 18.67
CIEN's PFCF is ranked higher than
51% of the 253 Companies
in the Global Communication Equipment industry.

( Industry Median: 19.08 vs. CIEN: 18.67 )
Ranked among companies with meaningful PFCF only.
CIEN' s 10-Year PFCF Range
Min: 7.4  Med: 24.69 Max: 2731
Current: 18.67
7.4
2731
POCF 14.19
CIEN's POCF is ranked higher than
52% of the 342 Companies
in the Global Communication Equipment industry.

( Industry Median: 14.85 vs. CIEN: 14.19 )
Ranked among companies with meaningful POCF only.
CIEN' s 10-Year POCF Range
Min: 5.39  Med: 31.73 Max: 801.5
Current: 14.19
5.39
801.5
EV-to-EBIT 43.08
CIEN's EV-to-EBIT is ranked lower than
77% of the 328 Companies
in the Global Communication Equipment industry.

( Industry Median: 16.33 vs. CIEN: 43.08 )
Ranked among companies with meaningful EV-to-EBIT only.
CIEN' s 10-Year EV-to-EBIT Range
Min: -2010.4  Med: -4.55 Max: 480.3
Current: 43.08
-2010.4
480.3
Current Ratio 2.92
CIEN's Current Ratio is ranked higher than
69% of the 507 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.09 vs. CIEN: 2.92 )
Ranked among companies with meaningful Current Ratio only.
CIEN' s 10-Year Current Ratio Range
Min: 1.81  Med: 5.52 Max: 8.61
Current: 2.92
1.81
8.61
Quick Ratio 2.55
CIEN's Quick Ratio is ranked higher than
72% of the 507 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.63 vs. CIEN: 2.55 )
Ranked among companies with meaningful Quick Ratio only.
CIEN' s 10-Year Quick Ratio Range
Min: 1.44  Med: 4.74 Max: 7.61
Current: 2.55
1.44
7.61
Days Inventory 69.75
CIEN's Days Inventory is ranked higher than
51% of the 495 Companies
in the Global Communication Equipment industry.

( Industry Median: 70.24 vs. CIEN: 69.75 )
Ranked among companies with meaningful Days Inventory only.
CIEN' s 10-Year Days Inventory Range
Min: 60.79  Med: 86.35 Max: 110.93
Current: 69.75
60.79
110.93
Days Sales Outstanding 86.11
CIEN's Days Sales Outstanding is ranked lower than
63% of the 476 Companies
in the Global Communication Equipment industry.

( Industry Median: 70.78 vs. CIEN: 86.11 )
Ranked among companies with meaningful Days Sales Outstanding only.
CIEN' s 10-Year Days Sales Outstanding Range
Min: 28.99  Med: 67.45 Max: 109.25
Current: 86.11
28.99
109.25

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 67.59
CIEN's Price/Tangible Book is ranked lower than
99% of the 468 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.98 vs. CIEN: 67.59 )
Ranked among companies with meaningful Price/Tangible Book only.
CIEN' s 10-Year Price/Tangible Book Range
Min: 1.2  Med: 4.48 Max: 62.65
Current: 67.59
1.2
62.65
Price/Median PS Value 0.78
CIEN's Price/Median PS Value is ranked higher than
72% of the 490 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.02 vs. CIEN: 0.78 )
Ranked among companies with meaningful Price/Median PS Value only.
CIEN' s 10-Year Price/Median PS Value Range
Min: 0.46  Med: 2.45 Max: 25.33
Current: 0.78
0.46
25.33
Earnings Yield (Greenblatt) (%) 2.28
CIEN's Earnings Yield (Greenblatt) (%) is ranked higher than
52% of the 520 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.10 vs. CIEN: 2.28 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
CIEN' s 10-Year Earnings Yield (Greenblatt) (%) Range
Min: 0.2  Med: 1.80 Max: 7.6
Current: 2.28
0.2
7.6

Analyst Estimate

Oct15 Oct16 Oct17
Revenue(Mil) 2,433 2,649 2,891
EPS($) 0.97 1.50 2.00
EPS without NRI($) 0.97 1.50 2.00

Business Description

Industry: Communication Equipment » Communication Equipment
Compare:PTFRY, QCOM, CSCO, ERIC, NOK » details
Traded in other countries:CIE1.Germany,
Ciena Corp was incorporated in Delaware in November 2, 1992, and completed its initial public offering on February 7, 1997. The Company is a provider of equipment, software and service solutions that support the transport, switching, aggregation and management of voice, video and data traffic on communications networks. The Company's four separate operating segments are Converged Packet Optical, Packet Networking, Optical Transport, and Software and Services. The Converged Packet Optical portfolio includes networking solutions optimized for the convergence of coherent optical transport, OTN switching and packet switching. The Converged Packet Optical portfolio also includes products that provide packet switching capability to allocate network capacity efficiently and enable rapid service delivery. Its 5430 Reconfigurable Switching System includes a family of multi-terabit reconfigurable switching systems that utilize intelligent mesh networking to provide resiliency and feature an integrated optical control plane to automate the provisioning and bandwidth control of high-capacity services. Packet Networking products allow customers to utilize the automation and capacity created by its Converged Packet Optical products in core and metro networks and to deliver new, revenue-generating services to consumers and enterprises. These products have applications from the edge of metro and core networks, where they aggregate traffic, to the access tiers of networks where they can be deployed to support wireless backhaul infrastructures and deliver business data services. Packet Networking products principally include 3000 family of service delivery switches and service aggregation switches, the 5000 series of service aggregation switches, and Ethernet packet configuration for the 5410 Service Aggregation Switch. The Optical Transport products include stand-alone WDM and SONET/SDH-based optical transport solutions that add capacity to core, regional and metro networks and enable cost-effective and efficient transport of voice, video and data traffic at high transmission speeds. The products in this segment principally include the 4200 Advanced Services Platform, Corestream(R) Agility Optical Transport System, 5100/5200 Advanced Services Platform, Common Photonic Layer (CPL), and 6100 Multiservice Optical Platform. Its Optical Transport portfolio includes its traditional SONET/SDH transport and data networking products, as well as certain enterprise-oriented transport solutions that support storage and LAN extension, interconnection of data centers, and virtual private networks. Software and Services segment includes Network Management and Network Control Software and Network Transformation Solutions and Support Services. The Company's business and operations are subject to environmental laws in various jurisdictions around the world, including the Waste Electrical and Electronic Equipment (WEEE) and Restriction of the Use of Certain Hazardo
» More Articles for CIEN

Headlines

Articles On GuruFocus.com
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 
moving up fast this Jan 09 2012 
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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