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CIENA (CIEN)

Ciena is a networking systems, services and software company. The Company provides solutions that help its customers create the Adaptive Network™ in response to the constantly changing demands of their end-users. By delivering best-in-class networking technology through high-touch consultative relationships, the Company builds the world's most agile networks with automation, openness and scale.

Company profile

Ticker
CIEN
Exchange
Website
CEO
Gary Smith
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Ciena Communications, Inc. • Ciena Global Products Company, LTD • Ciena Canada ULC Canada • Ciena Switzerland GMBH • Ciena Communications Singapore PTE. LTD. • Ciena Global Holding, LP ...
IRS number
232725311

CIEN stock data

Calendar

8 Jun 22
12 Aug 22
29 Oct 22
Quarter (USD) Apr 22 Jan 22 Oct 21 Jul 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Oct 21 Oct 20 Oct 19 Oct 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.02B 1.02B 1.02B 1.02B 1.02B 1.02B
Cash burn (monthly) 32.92M 15.26M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 112.99M 52.38M n/a n/a n/a n/a
Cash remaining 906.96M 967.57M n/a n/a n/a n/a
Runway (months of cash) 27.6 63.4 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
8 Aug 22 Smith Gary B Common Stock Sell Dispose S No Yes 52.875 3,542 187.28K 417,253
20 Jul 22 Smith Gary B Common Stock Sell Dispose S No No 49.2096 3,542 174.3K 420,795
15 Jul 22 Petrik Andrew C Common Stock Sell Dispose S No Yes 47.17 1,000 47.17K 31,190
15 Jul 22 Rothenstein David M Common Stock Sell Dispose S No Yes 47.17 3,500 165.1K 247,123
15 Jul 22 McFeely Scott Common Stock Sell Dispose S No Yes 47.17 500 23.59K 94,801
15 Jul 22 McFeely Scott Common Stock Sell Dispose S No Yes 47.17 4,000 188.68K 95,301
89.7% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 487 517 -5.8%
Opened positions 68 119 -42.9%
Closed positions 98 55 +78.2%
Increased positions 162 153 +5.9%
Reduced positions 180 168 +7.1%
13F shares Current Prev Q Change
Total value 8.43B 10.41B -19.1%
Total shares 134.26M 135.27M -0.7%
Total puts 893.1K 3M -70.2%
Total calls 1.21M 1.79M -32.5%
Total put/call ratio 0.7 1.7 -55.8%
Largest owners Shares Value Change
BLK Blackrock 15.91M $964.44M +2.5%
Vanguard 14.36M $870.49M -1.3%
FMR 8.82M $534.6M -0.8%
Alliancebernstein 5.25M $318.52M +3.7%
STT State Street 4.22M $255.75M +3.9%
ATAC Neuberger Berman 3.53M $214.36M -0.5%
Nuveen Asset Management 3.42M $202.79M +23.6%
Congress Asset Management 3.41M $206.85M -1.9%
BAC Bank Of America 2.99M $181.31M +1.0%
Ion Asset Management 2.97M $59.24M +339.5%
Largest transactions Shares Bought/sold Change
FIL 215.43K -2.93M -93.2%
Ion Asset Management 2.97M +2.3M +339.5%
Holocene Advisors 1.86M +1.86M NEW
Wellington Management 0 -1.84M EXIT
Capital World Investors 1.79M +1.79M NEW
Norges Bank 0 -1.43M EXIT
Ubs Global Asset Management Americas 281.33K -1.3M -82.2%
Jacobs Levy Equity Management 10.5K -1.2M -99.1%
Westfield Capital Management 998.87K +989.41K +10458.8%
Acadian Asset Management 2.19M +700.26K +47.1%

Financial report summary

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Competition
NokiaAdtranUTStarcomJuniper NetworksMarvell TechnologyAmdocsInfineraINPHICalixZte
Risks
  • Challenges relating to current supply chain constraints, including with respect to semiconductors and integrated circuits, could adversely impact our revenue, gross margins and financial results.
  • Accurately predicting demand and necessary inventory levels within the current environment is challenging, and we may incur additional costs or be required to write off significant inventory that would adversely impact our results of operations.
  • Data security breaches and cyber-attacks could compromise our intellectual property or other sensitive information and cause significant damage to our business, reputation and operational capacity.
Management Discussion
  • During fiscal 2021, approximately 16.4% of our revenue was non-U.S. Dollar denominated, primarily including sales in Euros, Canadian Dollars, Brazilian Reais, British Pounds, Japanese Yen, and Indian Rupee. During fiscal 2021, as compared to fiscal 2020, the U.S. Dollar primarily weakened against these and other currencies. Consequently, our revenue reported in U.S. Dollars slightly increased by approximately $21.8 million, or 0.6%, as compared to fiscal 2020.
  • •Networking Platforms segment revenue increased, reflecting product line sales increases of $5.9 million of our Converged Packet Optical products and $4.4 million of our Routing and Switching products.
  • ◦Converged Packet Optical sales increased, primarily reflecting sales increases of $88.4 million of our Waveserver® products and $45.6 million of our 6500 Reconfigurable Line System (RLS), primarily to communication service providers. These sales increases were partially offset primarily by sales decreases of $75.7 million of our 6500 Packet-Optical Platform primarily to enterprise customers and communication service providers and $40.2 million of our 5400 family of Packet-Optical Platforms primarily to communications service providers.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
New words: ASIC, Australia, backlog, charge, China, circuit, commodity, conclusion, constraint, decide, durable, expediting, extraordinary, firm, FPGA, freight, gate, grown, inflation, modem, moderate, Overnight, primary, quickly, rare, reschedule, Rupee, scarce, SOFR, unconditional, unexpected, unprecedented, USD, vi, viewed, WaveLogic, Webscale, Xelic, Zealand
Removed: cease, concentrated, depict, DonRiver, extend, imputed, independent, larger, mix, receive, receiving, representing, resulted, similarly, supplier, timely, transform, typical

Patents

Utility
Carrier depletion-based silicon photonic modulator using capacitive coupling
11 Aug 22
A carrier depletion-based Silicon Photonic (SiP) modulator using capacitive coupling includes a high-k dielectric material in or on slabs, between a rib.
Utility
Apparatus and Methods for Fractional Synchronization Using Direct Digital Frequency Synthesis
11 Aug 22
Described are apparatus and methods for fractional synchronization using direct digital frequency synthesis (DDFS).
Utility
Powering up an optical amplifier in an optical line system
11 Aug 22
Optical line amplifiers with on-board controllers and supervisory devices for controlling optical line amplifiers are provided for controlling bootstrap or power-up procedures when optical line amplifiers are initially installed in an optical communication network.
Utility
Systems and methods for precisely generalized and modular underlay/overlay service and experience assurance
11 Aug 22
Systems and methods include obtaining overlay telemetry data from a plurality of overlays, wherein each overlay is an application and there is a corresponding telemetry adaptor for each overlay; obtaining underlay telemetry data from one or more underlays, wherein each underlay includes physical infrastructure for supporting one or more of network, compute, and store functions for the plurality of overlays; analyzing the overlay telemetry data and the underlay telemetry data via a Key Performance Factor (KPF) model that correlates one or more of the plurality of overlays and the one or more underlays together; responsive to an anomaly or a threshold crossing based on the KPF model, performing a Root Cause Analysis (RCA) to identify a root cause of the anomaly or the threshold crossing; and mapping one or more actions with associated priorities to the root cause utilizing one or more remediation modules each associated with an overlay.
Utility
Least Common Scope address selection systems and methods
11 Aug 22
Systems and methods include determining if a destination address for a destination host is on-link; when the destination address is on-link, negotiating and selecting a Link-Local (LL) source address and a LL destination address that is on-link; and, when the destination address is not on-link, utilizing an address for the destination host separate from LL addresses.