Ciena Cash And Short Term Investments vs Net Receivables Analysis
CIEN Stock | USD 49.34 0.46 0.94% |
Ciena Corp financial indicator trend analysis is way more than just evaluating Ciena Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ciena Corp is a good investment. Please check the relationship between Ciena Corp Cash And Short Term Investments and its Net Receivables accounts. 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.
Cash And Short Term Investments vs Net Receivables
Cash And Short Term Investments vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ciena Corp Cash And Short Term Investments account and Net Receivables. At this time, the significance of the direction appears to have strong relationship.
The correlation between Ciena Corp's Cash And Short Term Investments and Net Receivables is 0.75. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Ciena Corp, assuming nothing else is changed. The correlation between historical values of Ciena Corp's Cash And Short Term Investments and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Ciena Corp are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Cash And Short Term Investments i.e., Ciena Corp's Cash And Short Term Investments and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.75 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Ciena Corp balance sheet. This account contains Ciena Corp investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Ciena Corp fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Net Receivables
Most indicators from Ciena Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ciena Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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.At this time, Ciena Corp's Selling General Administrative is very stable compared to the past year. As of the 28th of May 2024, Tax Provision is likely to grow to about 83.1 M, while Issuance Of Capital Stock is likely to drop about 30.1 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 47.1M | 88.0M | 79.2M | 141.8M | Depreciation And Amortization | 181.4M | 142.2M | 128.0M | 163.3M |
Ciena Corp fundamental ratios Correlations
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Ciena Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ciena Corp fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 4.2B | 4.9B | 5.1B | 5.6B | 6.4B | 6.8B | |
Other Current Liab | 334.1M | 409.3M | 360.8M | 431.4M | 496.1M | 520.9M | |
Total Current Liabilities | 760.7M | 909.0M | 1.0B | 932.0M | 1.1B | 558.9M | |
Total Stockholder Equity | 2.5B | 3.0B | 2.7B | 2.8B | 3.3B | 3.4B | |
Property Plant And Equipment Net | 329.4M | 329.3M | 312.9M | 315.3M | 362.6M | 191.2M | |
Net Debt | (324.9M) | (685.1M) | 135.0M | 594.4M | 683.6M | 717.7M | |
Retained Earnings | (4.3B) | (3.8B) | (3.6B) | (3.4B) | (3.0B) | (3.2B) | |
Accounts Payable | 291.9M | 356.2M | 516.0M | 317.8M | 365.5M | 383.8M | |
Cash | 1.1B | 1.4B | 994.4M | 1.0B | 1.2B | 642.4M | |
Non Current Assets Total | 1.6B | 1.7B | 1.7B | 2.0B | 2.3B | 2.4B | |
Non Currrent Assets Other | 102.8M | 99.9M | 113.6M | 116.5M | 104.8M | 113.4M | |
Cash And Short Term Investments | 1.2B | 1.6B | 1.1B | 1.1B | 1.3B | 993.2M | |
Net Receivables | 719.4M | 885.0M | 920.8M | 1.0B | 1.2B | 1.2B | |
Common Stock Shares Outstanding | 156.0M | 156.7M | 152.2M | 149.4M | 171.8M | 110.1M | |
Liabilities And Stockholders Equity | 4.2B | 4.9B | 5.1B | 5.6B | 6.4B | 6.8B | |
Non Current Liabilities Total | 910.6M | 936.2M | 1.3B | 1.8B | 2.1B | 2.2B | |
Inventory | 344.4M | 374.3M | 946.7M | 1.1B | 1.2B | 1.3B | |
Other Current Assets | 308.1M | 325.7M | 370.1M | 405.7M | 466.5M | 489.9M | |
Other Stockholder Equity | 6.8B | 6.8B | 6.4B | 6.3B | 7.2B | 5.6B | |
Total Liab | 1.7B | 1.8B | 2.4B | 2.8B | 3.2B | 3.3B | |
Property Plant And Equipment Gross | 329.4M | 329.3M | 312.9M | 315.3M | 362.6M | 191.2M | |
Total Current Assets | 2.6B | 3.2B | 3.4B | 3.6B | 4.1B | 4.3B | |
Accumulated Other Comprehensive Income | (35.4M) | 439K | (46.6M) | (37.8M) | (34.0M) | (32.3M) | |
Intangible Assets | 96.6M | 65.3M | 69.5M | 205.6M | 185.1M | 133.9M | |
Short Long Term Debt Total | 763.7M | 737.5M | 1.1B | 1.6B | 1.8B | 1.0B | |
Common Stock Total Equity | 1.5M | 1.5M | 1.5M | 1.5M | 1.3M | 1.6M | |
Short Term Investments | 150.7M | 181.5M | 154.0M | 104.8M | 94.3M | 89.6M | |
Short Term Debt | 26.0M | 25.6M | 25.9M | 28.4M | 32.6M | 31.0M | |
Common Stock | 1.5M | 1.5M | 1.5M | 1.4M | 1.3M | 1.6M | |
Other Liab | 82.8M | 224.3M | 212.7M | 196.3M | 225.7M | 237.0M | |
Other Assets | 737.2M | 900.1M | 937.6M | 892.2M | 1.0B | 1.1B | |
Property Plant Equipment | 329.4M | 329.3M | 312.9M | 315.3M | 362.6M | 194.8M | |
Current Deferred Revenue | 108.7M | 118.0M | 137.9M | 154.4M | 177.6M | 186.5M | |
Long Term Debt | 676.4M | 670.4M | 1.1B | 1.5B | 1.8B | 982.2M | |
Good Will | 310.8M | 311.6M | 328.3M | 444.8M | 511.5M | 537.1M | |
Net Tangible Assets | 2.1B | 2.6B | 2.3B | 2.2B | 2.5B | 2.6B | |
Retained Earnings Total Equity | (4.6B) | (4.3B) | (3.8B) | (3.6B) | (4.2B) | (4.4B) | |
Long Term Debt Total | 680.4M | 676.4M | 670.4M | 1.1B | 955.0M | 798.6M | |
Capital Surpluse | 6.8B | 6.8B | 6.8B | 6.4B | 7.3B | 7.1B |
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Try AI Portfolio ArchitectCheck 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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
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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.