Ciena Corp Financials

CIEN Stock  USD 50.49  0.97  1.96%   
Based on the analysis of Ciena Corp's profitability, liquidity, and operating efficiency, Ciena Corp is performing exceptionally good at this time. It has a great probability to report excellent financial results in April. At this time, Ciena Corp's Non Currrent Assets Other are very stable compared to the past year. As of the 28th of March 2024, Net Receivables is likely to grow to about 1.2 B, while Total Current Liabilities is likely to drop about 558.9 M. Key indicators impacting Ciena Corp's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Equity0.150.144
Sufficiently Up
Slightly volatile
Current Ratio4.913.4326
Way Up
Slightly volatile
The financial analysis of Ciena Corp is a critical element in measuring its lifeblood. The essential information of the day-to-day investment outlook for Ciena Corp includes many different criteria found on its balance sheet. For example, investors should never minimize Ciena Corp's ability to pay suppliers or employees on time, making sure interest payments are not accumulating or correctly timing where and how to re-invest extra cash. Any individual investor needs to monitor Ciena Corp's cash flow, debt, and profitability to effectively and accurately make more informed decisions on whether to invest in Ciena Corp.

Net Income

307.7 Million

With this module, you can analyze Ciena financials for your investing period. You should be able to track the changes in Ciena Corp individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
  
Understanding current and past Ciena Corp Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Ciena Corp's financial statements are interrelated, with each one affecting the others. For example, an increase in Ciena Corp's assets may result in an increase in income on the income statement.
Evaluating Ciena Corp's financials involves analyzing a range of financial metrics and ratios to gain insights into the company's financial health and performance. However, considering all of Ciena Corp's profitability, liquidity ratios, and efficiency indicators at the same time could be an enormous task, and our Financial Distress score can provide you with a snapshot of the Ciena Corp's relative financial performance

Chance Of Distress

Less than 1

 
100  
 
Zero
Very Small
Ciena Corp has less than 1 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for Ciena Corp stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity.
Please note, Ciena Corp's odds of distress score SHOULD NOT be confused with the real chance of Ciena Corp filing for bankruptcy protection for chapters 7, 11, 12, or 13. We define Financial Distress as an operational condition where an entity such as Ciena is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from public financial statements and analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors considered include Ciena Corp's liquidity analysis, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
More Info
The data published in Ciena Corp's official financial statements usually reflect Ciena Corp's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Ciena Corp. For example, before you start analyzing numbers published by Ciena accountants, it's critical to develop an understanding of what Ciena Corp's liquidity, profitability, and earnings quality are in the context of the Communications Equipment space in which it operates.
Please note, the presentation of Ciena Corp's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Ciena Corp's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Ciena Corp's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Ciena Corp. Please utilize our Beneish M Score to check the likelihood of Ciena Corp's management manipulating its earnings.

Ciena Corp Company Summary

Ciena Corp competes with Desktop Metal, Fabrinet, Kimball Electronics, Knowles Cor, and Ubiquiti Networks. 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. Ciena Corporation was founded in 1992 and is headquartered in Hanover, Maryland. Ciena Corp operates under Communication Equipment classification in the United States and is traded on New York Stock Exchange. It employs 8013 people.
Specialization
Information Technology, Technology Hardware & Equipment
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
CIK Number0000936395
ISINUS1717793095
CUSIP171779309 171779101
RegionNorth America
LocationMaryland; U.S.A
Business Address7035 Ridge Road,
SectorCommunications Equipment
IndustryInformation Technology
BenchmarkNYSE Composite
Websitewww.ciena.com
Phone410 694 5700
CurrencyUSD - US Dollar
You should never invest in Ciena Corp without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Ciena Stock, because this is throwing your money away. Analyzing the key information contained in Ciena Corp's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

Ciena Corp Key Financial Ratios

Generally speaking, Ciena Corp's financial ratios allow both analysts and investors to convert raw data from Ciena Corp's financial statements into concise, actionable information that can be used to evaluate the performance of Ciena Corp over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Ciena Corp reports annually and quarterly.

Ciena Corp Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets4.2B4.9B5.1B5.6B6.4B6.8B
Other Current Liab334.1M409.3M360.8M431.4M496.1M520.9M
Net Debt(324.9M)(685.1M)135.0M594.4M683.6M717.7M
Retained Earnings(4.3B)(3.8B)(3.6B)(3.4B)(3.0B)(3.2B)
Accounts Payable291.9M356.2M516.0M317.8M365.5M383.8M
Cash1.1B1.4B994.4M1.0B1.2B642.4M
Net Receivables719.4M885.0M920.8M1.0B1.2B1.2B
Inventory344.4M374.3M946.7M1.1B1.2B1.3B
Other Current Assets308.1M325.7M370.1M405.7M466.5M489.9M
Total Liab1.7B1.8B2.4B2.8B3.2B3.3B
Total Current Assets2.6B3.2B3.4B3.6B4.1B4.3B
Intangible Assets96.6M65.3M69.5M205.6M185.1M133.9M
Short Term Debt26.0M25.6M25.9M28.4M32.6M31.0M
Common Stock1.5M1.5M1.5M1.4M1.3M1.6M
Other Liab82.8M224.3M212.7M196.3M225.7M237.0M
Other Assets737.2M900.1M937.6M892.2M1.0B1.1B
Long Term Debt676.4M670.4M1.1B1.5B1.8B982.2M
Good Will310.8M311.6M328.3M444.8M511.5M537.1M
Net Tangible Assets2.1B2.6B2.3B2.2B2.5B2.6B
Long Term Debt Total680.4M676.4M670.4M1.1B955.0M798.6M
Capital Surpluse6.8B6.8B6.8B6.4B7.3B7.1B

Ciena Corp Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket. The other reason investors look at the income statement is to determine what Ciena Corp's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Interest Expense30.4M32.6M47.1M88.0M79.2M141.8M
Total Revenue3.5B3.6B3.6B4.4B5.0B5.3B
Gross Profit1.7B1.7B1.6B1.9B2.2B2.3B
Operating Income487.0M495.4M222.8M357.5M411.2M431.7M
Ebit487.0M495.4M222.8M446.9M513.9M539.6M
Research Development529.9M536.7M624.7M750.6M863.1M906.3M
Ebitda646.2M659.8M404.2M589.0M677.4M711.3M
Cost Of Revenue1.9B1.9B2.1B2.5B2.9B3.0B
Income Before Tax456.0M462.8M182.5M323.7M372.2M390.8M
Net Income361.3M500.2M152.9M254.8M293.1M307.7M
Income Tax Expense94.7M(37.4M)29.6M68.8M61.9M65.0M
Non Recurring27.9M26.7M32.1M34.4M31.0M23.2M
Tax Provision94.7M(37.4M)29.6M68.8M79.1M83.1M
Interest Income6.9M2.1M6.7M62.0M55.8M58.6M
Net Interest Income(30.4M)(32.6M)(40.3M)(26.0M)(29.9M)(31.4M)

Ciena Corp Key Cash Accounts

Cash flow analysis captures how much money flows into and out of Ciena Corp. It measures of how well Ciena is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Ciena Corp brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Ciena had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Ciena Corp has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201920202021202220232024 (projected)
Change To Inventory(25.0M)(47.6M)(589.1M)(132.5M)(119.2M)(113.3M)
Change In Cash184.5M333.9M(428.2M)16.4M18.9M30.0M
Free Cash Flow411.0M462.1M(258.6M)62.1M71.5M75.0M
Depreciation132.5M132.3M140.2M142.2M128.0M159.4M
Other Non Cash Items67.6M49.5M33.6M52.5M60.3M63.4M
Capital Expenditures82.7M79.6M90.8M106.2M122.1M74.2M
Net Income361.3M500.2M152.9M254.8M293.1M307.7M
End Period Cash Flow1.1B1.4B994.4M1.0B1.2B639.8M
Change To Netincome199.7M(22.7M)111.3M168.1M193.3M203.0M
Investments(109.3M)(15.8M)46.7M(383.5M)(345.1M)(327.9M)
Change Receivables65.7M(17.3M)(174.4M)(47.1M)(54.1M)(56.8M)
Net Borrowings(5.6M)(9.9M)391.3M485.1M557.9M585.8M

Ciena Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Ciena Corp's current stock value. Our valuation model uses many indicators to compare Ciena Corp value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Ciena Corp competition to find correlations between indicators driving Ciena Corp's intrinsic value. More Info.
Ciena Corp is number one stock in working capital category among related companies. It is number one stock in ebitda category among related companies totaling about  0.22  of EBITDA per Working Capital. The ratio of Working Capital to EBITDA for Ciena Corp is roughly  4.49 . At this time, Ciena Corp's EBITDA is very stable compared to the past year.. Comparative valuation analysis is a catch-all model that can be used if you cannot value Ciena Corp by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Ciena Corp's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Ciena Corp's earnings, one of the primary drivers of an investment's value.

Ciena Corp Systematic Risk

Ciena Corp's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Ciena Corp volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on Ciena Corp correlated with the market. If Beta is less than 0 Ciena Corp generally moves in the opposite direction as compared to the market. If Ciena Corp Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Ciena Corp is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Ciena Corp is generally in the same direction as the market. If Beta > 1 Ciena Corp moves generally in the same direction as, but more than the movement of the benchmark.

About Ciena Corp Financials

What exactly are Ciena Corp Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Ciena Corp's income statement, its balance sheet, and the statement of cash flows. Potential Ciena Corp investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Ciena Corp investors may use each financial statement separately, they are all related. The changes in Ciena Corp's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Ciena Corp's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.

Steps to analyze Ciena Corp Financials for Investing

There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Ciena Corp is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Ciena has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.
In summary, you can determine if Ciena Corp's financials are consistent with your investment objective using the following steps:
  • Review Ciena Corp's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
  • Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
  • Study the cash flow inflows and outflows to understand Ciena Corp's liquidity and solvency.
  • Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
  • Compare Ciena Corp's financials to those of its peers to see how it stacks up and identify any potential red flags.
  • Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if Ciena Corp's stock is overvalued or undervalued.
Remember, these are just guidelines and should not be the only basis for investment decisions. It is always important to analyze the leading stock market indicators., conduct additional research and seek professional advice if needed.
Today, most investors in Ciena Corp Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Ciena Corp's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Ciena Corp growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.41

At this time, Ciena Corp's Price Earnings To Growth Ratio is very stable compared to the past year.

Ciena Corp March 28, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Ciena Corp help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Ciena Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Ciena Corp based on widely used predictive technical indicators. In general, we focus on analyzing Ciena Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Ciena Corp's daily price indicators and compare them against related drivers.
When determining whether Ciena Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ciena Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ciena Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ciena Corp Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ciena Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
To learn how to invest in Ciena Stock, please use our How to Invest in Ciena Corp guide.
Note that the Ciena Corp information on this page should be used as a complementary analysis to other Ciena Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

Complementary Tools for Ciena Stock analysis

When running Ciena Corp's price analysis, check to measure Ciena Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ciena Corp is operating at the current time. Most of Ciena Corp's value examination focuses on studying past and present price action to predict the probability of Ciena Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ciena Corp's price. Additionally, you may evaluate how the addition of Ciena Corp to your portfolios can decrease your overall portfolio volatility.
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Is Ciena Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ciena Corp. If investors know Ciena will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ciena Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.33)
Earnings Share
1.54
Revenue Per Share
29.507
Quarterly Revenue Growth
(0.02)
Return On Assets
0.0424
The market value of Ciena Corp is measured differently than its book value, which is the value of Ciena that is recorded on the company's balance sheet. Investors also form their own opinion of Ciena Corp's value that differs from its market value or its book value, called intrinsic value, which is Ciena Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ciena Corp's market value can be influenced by many factors that don't directly affect Ciena Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ciena Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ciena Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ciena Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.