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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 : 6/10

vs
industry
vs
history
Cash-to-Debt 0.98
CIEN's Cash-to-Debt is ranked lower than
62% of the 568 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.00 vs. CIEN: 0.98 )
Ranked among companies with meaningful Cash-to-Debt only.
CIEN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.34  Med: 1.28 Max: No Debt
Current: 0.98
0.34
No Debt
Equity-to-Asset 0.50
CIEN's Equity-to-Asset is ranked lower than
60% of the 559 Companies
in the Global Communication Equipment industry.

( Industry Median: 0.58 vs. CIEN: 0.50 )
Ranked among companies with meaningful Equity-to-Asset only.
CIEN' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.06  Med: 0.47 Max: 0.83
Current: 0.5
-0.06
0.83
Debt-to-Equity 0.54
CIEN's Debt-to-Equity is ranked lower than
65% of the 412 Companies
in the Global Communication Equipment industry.

( Industry Median: 0.29 vs. CIEN: 0.54 )
Ranked among companies with meaningful Debt-to-Equity only.
CIEN' s Debt-to-Equity Range Over the Past 10 Years
Min: -68.34  Med: 0.61 Max: 103.97
Current: 0.54
-68.34
103.97
Debt-to-EBITDA 3.18
CIEN's Debt-to-EBITDA is ranked lower than
62% of the 341 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.05 vs. CIEN: 3.18 )
Ranked among companies with meaningful Debt-to-EBITDA only.
CIEN' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -10.08  Med: 6.7 Max: 234.19
Current: 3.18
-10.08
234.19
Interest Coverage 3.96
CIEN's Interest Coverage is ranked lower than
86% of the 427 Companies
in the Global Communication Equipment industry.

( Industry Median: 67.87 vs. CIEN: 3.96 )
Ranked among companies with meaningful Interest Coverage only.
CIEN' s Interest Coverage Range Over the Past 10 Years
Min: 0.12  Med: 2.21 Max: 4.27
Current: 3.96
0.12
4.27
Piotroski F-Score: 6
Altman Z-Score: 0.62
Beneish M-Score: -1.17
WACC vs ROIC
12.26%
74.97%
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 : 4/10

vs
industry
vs
history
Operating Margin % 7.52
CIEN's Operating Margin % is ranked higher than
67% of the 565 Companies
in the Global Communication Equipment industry.

( Industry Median: 3.40 vs. CIEN: 7.52 )
Ranked among companies with meaningful Operating Margin % only.
CIEN' s Operating Margin % Range Over the Past 10 Years
Min: -18.25  Med: 1.14 Max: 8.52
Current: 7.52
-18.25
8.52
Net Margin % 26.69
CIEN's Net Margin % is ranked higher than
96% of the 566 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.84 vs. CIEN: 26.69 )
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: 45.04
Current: 26.69
-89.05
45.04
ROE % 51.20
CIEN's ROE % is ranked higher than
99% of the 551 Companies
in the Global Communication Equipment industry.

( Industry Median: 4.85 vs. CIEN: 51.20 )
Ranked among companies with meaningful ROE % only.
CIEN' s ROE % Range Over the Past 10 Years
Min: -225.82  Med: 4.21 Max: 86.95
Current: 51.2
-225.82
86.95
ROA % 23.13
CIEN's ROA % is ranked higher than
98% of the 571 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.42 vs. CIEN: 23.13 )
Ranked among companies with meaningful ROA % only.
CIEN' s ROA % Range Over the Past 10 Years
Min: -32.94  Med: -3.37 Max: 36.98
Current: 23.13
-32.94
36.98
ROC (Joel Greenblatt) % 25.74
CIEN's ROC (Joel Greenblatt) % is ranked higher than
72% of the 566 Companies
in the Global Communication Equipment industry.

( Industry Median: 10.41 vs. CIEN: 25.74 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
CIEN' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -428.64  Med: -2.36 Max: 43.11
Current: 25.74
-428.64
43.11
3-Year Revenue Growth Rate -8.70
CIEN's 3-Year Revenue Growth Rate is ranked lower than
76% of the 505 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.90 vs. CIEN: -8.70 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
CIEN' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -51.9  Med: 9.4 Max: 37.3
Current: -8.7
-51.9
37.3
3-Year EBITDA Growth Rate 16.10
CIEN's 3-Year EBITDA Growth Rate is ranked higher than
62% of the 386 Companies
in the Global Communication Equipment industry.

( Industry Median: 8.60 vs. CIEN: 16.10 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
CIEN' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: 0  Med: 0 Max: 169.9
Current: 16.1
0
169.9
GuruFocus has detected 6 Warning Signs with Ciena Corp CIEN.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» CIEN's 30-Y Financials

Financials (Next Earnings Date: 2018-08-31)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q2 2017

CIEN Guru Trades in Q2 2017

Chuck Royce 844,917 sh (+15.87%)
Paul Tudor Jones Sold Out
Jerome Dodson Sold Out
PRIMECAP Management 508,127 sh (-0.88%)
Jim Simons 688,474 sh (-72.88%)
» More
Q3 2017

CIEN Guru Trades in Q3 2017

Alan Fournier 137,400 sh (New)
Joel Greenblatt 38,328 sh (New)
Chuck Royce 904,917 sh (+7.10%)
Jim Simons Sold Out
PRIMECAP Management Sold Out
» More
Q4 2017

CIEN Guru Trades in Q4 2017

Lee Ainslie 2,434,864 sh (New)
Jim Simons 1,916,374 sh (New)
Steven Cohen 1,231,291 sh (New)
Paul Tudor Jones 26,599 sh (New)
Joel Greenblatt 719,652 sh (+1777.61%)
Chuck Royce 1,075,417 sh (+18.84%)
Alan Fournier Sold Out
» More
Q1 2018

CIEN Guru Trades in Q1 2018

Pioneer Investments 9,474 sh (New)
Ray Dalio 15,294 sh (New)
Paul Tudor Jones Sold Out
Chuck Royce 1,071,917 sh (-0.33%)
Jim Simons 1,462,074 sh (-23.71%)
Steven Cohen 773,907 sh (-37.15%)
Lee Ainslie 1,464,594 sh (-39.85%)
Joel Greenblatt 166,396 sh (-76.88%)
» More
» Details

Insider Trades

Latest Guru Trades with NYSE:CIEN

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

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Joel Greenblatt 2018-03-31 Reduce -76.88%0.17%$20.93 - $27.49 $ 26.0211%166,396
Joel Greenblatt 2017-12-31 Add 1777.61%0.21%$19.57 - $22.56 $ 26.0223%719,652
Joel Greenblatt 2017-09-30 New Buy0.01%$21.11 - $26.8 $ 26.029%38,328
Premium More recent guru trades are included for Premium Members only!!
Premium More recent guru trades are included for USA Subscribe Members only!!
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Business Description

Industry: Communication Equipment » Communication Equipment    NAICS: 334210    SIC: 3661
Compare:NAS:VSAT, SZSE:002465, SHSE:600260, SZSE:300628, SHSE:603712, NAS:LITE, SHSE:600745, HKSE:00303, SZSE:002583, HKSE:06869, XAMS:TWEKA, SZSE:300098, SHSE:600498, SZSE:002151, SZSE:300136, TSX:MAXR, ISX:TOWR, NAS:ARRS, SGX:CJLU, XPAR:ETL » details
Traded in other countries:CIE1.Germany,
Headquarter Location:USA
Ciena Corp is a network strategy and technology company. It provides network hardware, software and services that support the transport, switching, aggregation, service delivery and management of video, data, and voice traffic on communications networks.

Ciena is a telecommunications equipment provider focused on optical transport technologies, with clients in a number of industries such as communication services providers, web-scale providers, cable operators, government, and large enterprises worldwide. The company provides equipment, software, and services that support transport, switching, aggregation, service delivery, and data traffic management. Ciena has three reporting segments: Networking Platforms, Software and Software-Related Services, and Global Services.

Guru Investment Theses on Ciena Corp

Jerome Dodson Comments on Ciena - Nov 01, 2016

Ciena (NYSE:CIEN), a leading manufacturer of optical equipment used in telecommunications networks, saw its stock climb 16.3% from $18.75 to $21.80, contributing 75 basis points to the Fund’s return. The company delivered strong revenue growth and gained market share, driven by higher spending from telecom companies. Ciena’s gross margin also exceeded expectations, reaching its highest level since 2010. We believe Ciena is well-positioned for future gains because of its expanding presence in data centers and international markets, as well as increased spending by telecom carriers.



From Jerome Dodson (Trades, Portfolio)'s Parnassus Fund third-quarter 2016 commentary.

Check out Jerome Dodson latest stock trades

Ratios

vs
industry
vs
history
PE Ratio 6.48
CIEN's PE Ratio is ranked higher than
92% of the 365 Companies
in the Global Communication Equipment industry.

( Industry Median: 23.78 vs. CIEN: 6.48 )
Ranked among companies with meaningful PE Ratio only.
CIEN' s PE Ratio Range Over the Past 10 Years
Min: 2.66  Med: 30.87 Max: 421.67
Current: 6.48
2.66
421.67
Forward PE Ratio 15.53
CIEN's Forward PE Ratio is ranked lower than
59% of the 66 Companies
in the Global Communication Equipment industry.

( Industry Median: 18.35 vs. CIEN: 15.53 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 6.48
CIEN's PE Ratio without NRI is ranked higher than
93% of the 368 Companies
in the Global Communication Equipment industry.

( Industry Median: 24.90 vs. CIEN: 6.48 )
Ranked among companies with meaningful PE Ratio without NRI only.
CIEN' s PE Ratio without NRI Range Over the Past 10 Years
Min: 2.66  Med: 30.87 Max: 421.67
Current: 6.48
2.66
421.67
Price-to-Owner-Earnings 3.22
CIEN's Price-to-Owner-Earnings is ranked higher than
96% of the 227 Companies
in the Global Communication Equipment industry.

( Industry Median: 22.70 vs. CIEN: 3.22 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
CIEN' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 2.52  Med: 48.86 Max: 447.87
Current: 3.22
2.52
447.87
PB Ratio 2.14
CIEN's PB Ratio is ranked lower than
54% of the 548 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.94 vs. CIEN: 2.14 )
Ranked among companies with meaningful PB Ratio only.
CIEN' s PB Ratio Range Over the Past 10 Years
Min: 0.49  Med: 3.89 Max: 94.01
Current: 2.14
0.49
94.01
PS Ratio 1.47
CIEN's PS Ratio is ranked lower than
53% of the 551 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.41 vs. CIEN: 1.47 )
Ranked among companies with meaningful PS Ratio only.
CIEN' s PS Ratio Range Over the Past 10 Years
Min: 0.59  Med: 1.19 Max: 5.99
Current: 1.47
0.59
5.99
Price-to-Free-Cash-Flow 23.13
CIEN's Price-to-Free-Cash-Flow is ranked lower than
56% of the 194 Companies
in the Global Communication Equipment industry.

( Industry Median: 20.39 vs. CIEN: 23.13 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
CIEN' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 7.31  Med: 23.83 Max: 99999999.99
Current: 23.13
7.31
99999999.99
Price-to-Operating-Cash-Flow 16.91
CIEN's Price-to-Operating-Cash-Flow is ranked lower than
56% of the 255 Companies
in the Global Communication Equipment industry.

( Industry Median: 13.86 vs. CIEN: 16.91 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
CIEN' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 5.44  Med: 17.05 Max: 890.56
Current: 16.91
5.44
890.56
EV-to-EBIT 19.73
CIEN's EV-to-EBIT is ranked higher than
53% of the 379 Companies
in the Global Communication Equipment industry.

( Industry Median: 19.71 vs. CIEN: 19.73 )
Ranked among companies with meaningful EV-to-EBIT only.
CIEN' s EV-to-EBIT Range Over the Past 10 Years
Min: -781.9  Med: 17.5 Max: 222.9
Current: 19.73
-781.9
222.9
EV-to-EBITDA 12.59
CIEN's EV-to-EBITDA is ranked higher than
60% of the 416 Companies
in the Global Communication Equipment industry.

( Industry Median: 14.44 vs. CIEN: 12.59 )
Ranked among companies with meaningful EV-to-EBITDA only.
CIEN' s EV-to-EBITDA Range Over the Past 10 Years
Min: -86.9  Med: 15.25 Max: 364.4
Current: 12.59
-86.9
364.4
EV-to-Revenue 1.33
CIEN's EV-to-Revenue is ranked higher than
50% of the 562 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.37 vs. CIEN: 1.33 )
Ranked among companies with meaningful EV-to-Revenue only.
CIEN' s EV-to-Revenue Range Over the Past 10 Years
Min: 0.4  Med: 1.4 Max: 6.1
Current: 1.33
0.4
6.1
PEG Ratio 0.19
CIEN's PEG Ratio is ranked higher than
97% of the 152 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.68 vs. CIEN: 0.19 )
Ranked among companies with meaningful PEG Ratio only.
CIEN' s PEG Ratio Range Over the Past 10 Years
Min: 0.07  Med: 0.63 Max: 0.95
Current: 0.19
0.07
0.95
Current Ratio 2.01
CIEN's Current Ratio is ranked higher than
51% of the 546 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.03 vs. CIEN: 2.01 )
Ranked among companies with meaningful Current Ratio only.
CIEN' s Current Ratio Range Over the Past 10 Years
Min: 1.81  Med: 5.03 Max: 8.61
Current: 2.01
1.81
8.61
Quick Ratio 1.83
CIEN's Quick Ratio is ranked higher than
57% of the 545 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.55 vs. CIEN: 1.83 )
Ranked among companies with meaningful Quick Ratio only.
CIEN' s Quick Ratio Range Over the Past 10 Years
Min: 1.56  Med: 4.27 Max: 7.61
Current: 1.83
1.56
7.61
Days Inventory 43.02
CIEN's Days Inventory is ranked higher than
60% of the 538 Companies
in the Global Communication Equipment industry.

( Industry Median: 76.06 vs. CIEN: 43.02 )
Ranked among companies with meaningful Days Inventory only.
CIEN' s Days Inventory Range Over the Past 10 Years
Min: 36.34  Med: 56 Max: 90.08
Current: 43.02
36.34
90.08
Days Sales Outstanding 82.93
CIEN's Days Sales Outstanding is ranked higher than
51% of the 510 Companies
in the Global Communication Equipment industry.

( Industry Median: 71.93 vs. CIEN: 82.93 )
Ranked among companies with meaningful Days Sales Outstanding only.
CIEN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 55.99  Med: 81.63 Max: 101.41
Current: 82.93
55.99
101.41
Days Payable 59.19
CIEN's Days Payable is ranked lower than
63% of the 457 Companies
in the Global Communication Equipment industry.

( Industry Median: 65.77 vs. CIEN: 59.19 )
Ranked among companies with meaningful Days Payable only.
CIEN' s Days Payable Range Over the Past 10 Years
Min: 36.18  Med: 59.15 Max: 99.07
Current: 59.19
36.18
99.07

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio -10.20
CIEN's 3-Year Average Share Buyback Ratio is ranked lower than
74% of the 378 Companies
in the Global Communication Equipment industry.

( Industry Median: -3.00 vs. CIEN: -10.20 )
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: -8.8 Max: -1.3
Current: -10.2
-20.3
-1.3

Valuation & Return

vs
industry
vs
history
Price-to-Net-Current-Asset-Value 16.79
CIEN's Price-to-Net-Current-Asset-Value is ranked lower than
90% of the 393 Companies
in the Global Communication Equipment industry.

( Industry Median: 4.37 vs. CIEN: 16.79 )
Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
CIEN' s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.47  Med: 12.48 Max: 286.38
Current: 16.79
3.47
286.38
Price-to-Tangible-Book 2.69
CIEN's Price-to-Tangible-Book is ranked lower than
55% of the 516 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.43 vs. CIEN: 2.69 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
CIEN' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.2  Med: 5.26 Max: 63.39
Current: 2.69
1.2
63.39
Price-to-Intrinsic-Value-Projected-FCF 1.63
CIEN's Price-to-Intrinsic-Value-Projected-FCF is ranked lower than
51% of the 296 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.57 vs. CIEN: 1.63 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
CIEN' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 1.27  Med: 3.71 Max: 20.58
Current: 1.63
1.27
20.58
Price-to-Median-PS-Value 1.24
CIEN's Price-to-Median-PS-Value is ranked lower than
67% of the 484 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.08 vs. CIEN: 1.24 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
CIEN' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.57  Med: 2.04 Max: 30.86
Current: 1.24
0.57
30.86
Price-to-Peter-Lynch-Fair-Value 0.26
CIEN's Price-to-Peter-Lynch-Fair-Value is ranked higher than
98% of the 96 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.33 vs. CIEN: 0.26 )
Ranked among companies with meaningful Price-to-Peter-Lynch-Fair-Value only.
CIEN' s Price-to-Peter-Lynch-Fair-Value Range Over the Past 10 Years
Min: 0.11  Med: 1.13 Max: 4.39
Current: 0.26
0.11
4.39
Price-to-Graham-Number 0.88
CIEN's Price-to-Graham-Number is ranked higher than
80% of the 315 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.73 vs. CIEN: 0.88 )
Ranked among companies with meaningful Price-to-Graham-Number only.
CIEN' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.47  Med: 4.91 Max: 34.84
Current: 0.88
0.47
34.84
Earnings Yield (Greenblatt) % 5.06
CIEN's Earnings Yield (Greenblatt) % is ranked higher than
69% of the 569 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.73 vs. CIEN: 5.06 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
CIEN' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -92.7  Med: 0.7 Max: 10.3
Current: 5.06
-92.7
10.3
Forward Rate of Return (Yacktman) % 23.15
CIEN's Forward Rate of Return (Yacktman) % is ranked higher than
91% of the 261 Companies
in the Global Communication Equipment industry.

( Industry Median: 7.87 vs. CIEN: 23.15 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
CIEN' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -22.4  Med: -4.2 Max: 23.8
Current: 23.15
-22.4
23.8

More Statistics

Revenue (TTM) (Mil) $2,849.28
EPS (TTM) $ 4.03
Beta1.10
Volatility30.40%
52-Week Range $19.40 - 27.73
Shares Outstanding (Mil)142.83

Analyst Estimate

Oct18 Oct19 Oct20 Oct21
Revenue (Mil $) 3,009 3,158 3,341
EBIT (Mil $) 286 387 436
EBITDA (Mil $) 381 457 505
EPS ($) -1.30 1.31 1.26 1.11
EPS without NRI ($) -1.30 1.31 1.26 1.11
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($)

Piotroski F-Score Details

Piotroski F-Score: 66
Positive ROAY
Positive CFROAY
Higher ROA yoyY
CFROA > ROAN
Lower Leverage yoyY
Higher Current Ratio yoyN
Less Shares Outstanding yoyY
Higher Gross Margin yoyN
Higher Asset Turnover yoyY

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