$4.4 B

CIEN Mkt cap, 20-Sep-2018

$818.8 M

Ciena Revenue Q3, 2018
Ciena Net income (Q3, 2018)50.8 M
Ciena EBIT (Q3, 2018)85.3 M
Ciena Cash, 31-Jul-2018726.2 M
Ciena EV4.6 B

Ciena Revenue Breakdown

Embed Graph

Ciena revenue breakdown by business segment: 15.6% from Global Services, 79.6% from Networking Platforms and 4.8% from Other

Ciena Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

2.1 b2.3 b2.4 b2.6 b2.8 b

Revenue growth, %

10%7%6%

R&D expense

451.8 m475.3 m

General and administrative expense

132.8 m142.6 m

Operating expense total

584.6 m1 b

Depreciation and amortization

33 m

EBIT

(1.8 m)45.7 m100.4 m156.2 m214.7 m

EBIT margin, %

0%2%4%6%8%

Interest expense

44 m47.1 m51.2 m56.7 m55.9 m

Interest income

5.7 m25.3 m25.5 m12.8 m2.7 m

Pre tax profit

(80.2 m)(26.7 m)23.8 m86.7 m156.1 m

Income tax expense

5.2 m14 m12.1 m14.1 m(1.1 b)

Net Income

(85.4 m)(40.6 m)11.7 m72.6 m1.3 b

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

533.7 m560.1 m603.6 m529.2 m621.6 m602.9 m573.1 m640.7 m670.6 m621.5 m707 m728.7 m646.1 m1.4 b818.8 m

Sales and marketing expense

88.5 m185.9 m95.4 m

R&D expense

101.5 m103.5 m97.7 m100.8 m105.2 m100.4 m108 m114.6 m116.7 m116.9 m121.6 m117.7 m118.5 m235.4 m121.1 m

General and administrative expense

30.1 m31.9 m36.3 m29.6 m30.3 m29.7 m31.1 m35.2 m34.3 m35.9 m35 m35.6 m38.4 m77.4 m38.2 m

Operating expense total

222.5 m230.5 m227 m226.1 m230 m225.4 m240.2 m254.9 m251.5 m254.7 m260.4 m246.1 m255 m516.3 m266.3 m

Depreciation and amortization

3.6 m7.2 m3.8 m

EBIT

3.4 m7.2 m37 m4.2 m42.4 m44.5 m11.2 m28.2 m57 m19.1 m57.8 m82 m16.7 m48.8 m85.3 m

EBIT margin, %

1%1%6%1%7%7%2%4%9%3%8%11%3%4%10%

Interest expense

11 m11 m11.5 m13.7 m12.9 m11.9 m12.7 m12.6 m16 m15.2 m13.3 m13.4 m13.7 m26.8 m13.6 m

Interest income

6 m1.9 m6.3 m8.2 m5.5 m5.5 m8.8 m967 k3.6 m370 k2.9 m848 k1.6 m2.9 m1.5 m

Pre tax profit

(13.7 m)(5.8 m)19.2 m(17.7 m)23.9 m27.1 m(10.2 m)16.6 m37.4 m4.3 m41.6 m67.7 m4.6 m24.9 m70.1 m

Income tax expense

2.3 m4.4 m3 m1.1 m3.3 m3.5 m1.3 m2.6 m3.9 m410 k3.6 m7.7 m477.9 m484.4 m19.3 m

Net Income

(15.9 m)(10.2 m)16.2 m(18.8 m)20.7 m23.6 m(11.5 m)14 m33.5 m3.9 m38 m60 m(473.4 m)(459.5 m)50.8 m

Ciena Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

346.5 m586.7 m791 m777.6 m640.5 m

Accounts Receivable

488.6 m519 m550.8 m576.2 m622.2 m

Inventories

249.1 m254.7 m191.2 m211.3 m267.1 m

Current Assets

1.4 b1.7 b1.9 b2 b2 b

Goodwill

256.4 m267 m267.5 m

Total Assets

1.8 b2.1 b2.7 b2.9 b4 b

Accounts Payable

254.8 m209.8 m222.1 m235.9 m260.1 m

Short-term debt

190.1 m2.5 m236.6 m352.3 m

Current Liabilities

615.1 m781.1 m667 m891.9 m1 b

Long-term debt

583.7 m

Total Debt

236.6 m936 m

Total Liabilities

2.1 b1.8 b

Additional Paid-in Capital

5.9 b6 b6.6 b6.7 b6.8 b

Retained Earnings

(6 b)(6 b)(6 b)(5.9 b)(4.7 b)

Total Equity

620.9 m766.3 m2.1 b

Debt to Equity Ratio

0.3 x

Debt to Assets Ratio

0.1 x

Financial Leverage

4.3 x3.8 x1.8 x

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

330.1 m325.1 m532.9 m598.7 m586.3 m697.1 m660.3 m922 m854.9 m693.9 m628.6 m559.5 m648.9 m652.1 m726.2 m

Accounts Receivable

518.9 m515 m541.6 m513.6 m553.3 m530.3 m480.4 m555.1 m588.4 m595.7 m564.9 m653.2 m

Inventories

284.1 m294 m293.1 m241.1 m214.6 m194 m205.7 m190.9 m221.6 m284.6 m287.1 m276.4 m255.3 m231.3 m227.9 m

Current Assets

1.4 b1.4 b1.7 b1.7 b1.7 b1.8 b1.8 b2.1 b2.2 b2 b1.9 b1.9 b1.9 b2 b2.1 b

Goodwill

256.4 m267.7 m267.3 m267.2 m266.8 m267.8 m267.9 m267.4 m287.6 m

Total Assets

1.8 b1.8 b2.1 b2.1 b2.1 b2.2 b2.6 b3 b3 b2.9 b2.8 b2.7 b3.5 b3.5 b3.6 b

Accounts Payable

245.8 m229.5 m236.6 m192.1 m210 m201.8 m183.9 m225.2 m232.7 m273.5 m249.6 m258.4 m209.2 m264.4 m312.6 m

Short-term debt

190 m2.5 m2.5 m2.5 m5 m455.5 m190.1 m189.2 m4 m352.8 m353.2 m353.7 m

Current Liabilities

616.2 m790.1 m809.2 m778.6 m575.5 m591.9 m555.2 m630.1 m1.1 b841.6 m806.8 m657.6 m933.4 m989.8 m1.1 b

Long-term debt

187.6 m187.6 m584.6 m585.5 m586.5 m

Total Debt

187.6 m187.6 m190 m2.5 m2.5 m2.5 m5 m455.5 m190.1 m189.2 m4 m937.4 m938.7 m940.2 m

Total Liabilities

1.9 b1.9 b2.1 b2.1 b2 b2 b2 b2.3 b2.3 b2.1 b1.9 b1.8 b1.7 b1.8 b1.8 b

Additional Paid-in Capital

5.9 b5.9 b5.9 b6 b6.2 b6.2 b6.7 b6.7 b6.7 b6.7 b6.8 b6.8 b6.8 b6.8 b6.8 b

Retained Earnings

(6 b)(6 b)(6 b)(6 b)(6 b)(6 b)(6 b)(6 b)(6 b)(5.9 b)(5.9 b)(5.8 b)(5.1 b)(5.1 b)(5 b)

Total Equity

177.9 m627 m669 m721.6 m798.9 m846.5 m944.3 m1.8 b1.7 b1.8 b

Financial Leverage

12.2 x4.1 x4.5 x4.2 x3.6 x3.3 x2.9 x2 x2 x2 x

Ciena Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(85.4 m)(40.6 m)11.7 m72.6 m1.3 b

Depreciation and Amortization

49.8 m46 m69.5 m61.5 m

Accounts Receivable

(150 m)(33 m)(37 m)(26.1 m)(66.1 m)

Inventories

(8.9 m)(38 m)46.9 m(53 m)(91.6 m)

Accounts Payable

Cash From Operating Activities

44.7 m89.8 m262.1 m289.5 m234.9 m

Cash From Investing Activities

(130.9 m)(106.4 m)(43.1 m)(296.3 m)(61.4 m)

Cash From Financing Activities

(207.3 m)258.5 m(8.1 m)(4.2 m)(311.1 m)

Interest Paid

32.4 m

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

(15.9 m)(10.2 m)16.2 m(18.8 m)20.7 m23.6 m(11.5 m)14 m33.5 m3.9 m38 m(473.4 m)(459.5 m)(408.7 m)

Depreciation and Amortization

11 m11 m11 m11 m16.9 m15.6 m14.5 m14.6 m11 m

Accounts Receivable

530.3 m480.4 m555.1 m588.4 m595.7 m564.9 m72.4 m(28.1 m)(112.7 m)

Inventories

194 m205.7 m190.9 m221.6 m284.6 m287.1 m5.2 m20.4 m17.8 m

Accounts Payable

201.8 m183.9 m225.2 m232.7 m273.5 m249.6 m

Cash From Operating Activities

35.7 m73.1 m161.2 m

Cash From Investing Activities

(33.5 m)(30.6 m)(15.2 m)

Cash From Financing Activities

5 m(30.1 m)(56.6 m)

Interest Paid

10 mwdxefcqufszuzezftuxetqsqxt21.8 m31.6 m

Ciena Ratios

USDY, 2018

EV/EBIT

54.3 x

EV/CFO

28.7 x

Financial Leverage

2 x
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Ciena Operating Metrics

Ciena's Backlog was reported to be $1.2b in FY, 2016. Ciena's Customers was reported to be 1.3 k in Jun, 2017.
FY, 2014FY, 2015FY, 2016Jun, 2017

Backlog

$824 m$1 b$1.15 b

Customers

1.30 k

Patents (US)

1.47 k1.51 k1.59 k

Patents (foreign)

459 432 444

Patents Pending (US)

209 249 284

Patents Pending (foreign)

170
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