Ciena (FRA:CIE1) Cash And Cash Equivalents : €1,017 Mil (As of Apr. 2024)

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What is Ciena Cash And Cash Equivalents?

Ciena's quarterly cash and cash equivalents increased from Oct. 2023 (€957.06 Mil) to Jan. 2024 (€1,161.04 Mil) but then stayed the same from Jan. 2024 (€1,161.04 Mil) to Apr. 2024 (€1,017.08 Mil).

Ciena's annual cash and cash equivalents declined from Oct. 2021 (€1,226.24 Mil) to Oct. 2022 (€1,009.27 Mil) and declined from Oct. 2022 (€1,009.27 Mil) to Oct. 2023 (€957.06 Mil).

Ciena Cash And Cash Equivalents Historical Data

The historical data trend for Ciena's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Ciena Cash And Cash Equivalents Chart

Ciena Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash And Cash Equivalents

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817.26

925.33

1,226.24

1,009.27

957.06

Ciena Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Cash And Cash Equivalents	Get a 7-Day Free Trial															1,064.94	1,010.60	957.06	1,161.04	1,017.08

Ciena Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Ciena (FRA:CIE1) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Ciena Cash And Cash Equivalents Related Terms

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Ciena (FRA:CIE1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ciena Corp (FRA:CIE1) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

CIEN:USA CIEN:Mexico 1CIEN:Italy CIE1:Germany

Address

7035 Ridge Road, Hanover, MD, USA, 21076

Website

https://www.ciena.com

Ciena Corp is a network 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. It serves various industries such as communication services providers, web-scale providers, cable operators, government, and large enterprises world-wide. The business activities function through Networking Platforms; Platform Software and Services; Blue Planet Automation Software, and Global Services segments. Geographically, its presence is seen in the markets of the United States, Canada, the Caribbean, Latin America, Europe, the Middle East, Africa, the Asia Pacific, Japan, and India. The maximum revenue is generated from Americas.

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