Live Analysis: Ciena Corporation's stock price took a dive by $34.85, a significant 6.88% drop to $471.49. Trading volume surged to $1.23 million, 35.09% above the average.
Earnings Overview: On Wednesday, March 4th, CIEN reported an earnings per share of $1.35, surpassing the consensus estimate of $1.17.
Cash Flow: CIEN's free cash flow stands at $153.76 million, with net cash increasing by $31.46 million to $1.12 billion.
Income Statement: Revenue hit $1.43 billion, yielding a gross profit of $620.78 million. Operating income amounted to $191.22 million, resulting in a net income of $150.28 million.
Ratios: Notable ratios include a gross profit margin of 43.5%, a net profit margin of 10.53%, and a price-to-earnings ratio of 59.35.
Balance Sheet: CIEN boasts total assets of $5.89 billion, with total liabilities at $3.10 billion. Cash and cash equivalents amount to $1.12 billion.
This report reflects CIEN's recent price movement, financial performance, and key metrics, providing insights into its current market position.
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. The company's Networking Platforms segment offers hardware networking products and solutions that optimized for the convergence of coherent optical transport, optical transport network switching, and packet switching. Its products include 6500 Packet-Optical Platform, 5430 Reconfigurable Switching System, Waveserver stackable interconnect system, and the 6500 Reconfigurable line system, and the 5400 family of Packet-Optical platforms, as well as Z-Series Packet-Optical Platform; 3000 family of service delivery switches and service aggregation switches, and the 5000 family of service aggregation switches, as well as 8700 Packetwave Platform and the Ethernet packet configuration for the 5410 Service Aggregation Switch; and 6500 Packet Transport System. This segment also sells operating system software and enhanced software features embedded in each of its products. The company's Blue Planet Automation Software and Services segment provides multi-domain service orchestration, inventory, route optimization and analysis, network function virtualization orchestration, analytics, and related services. Its Platform Software and Service segment offers OneControl unified management system and platform software services, as well as manage, control, and plan software. The company's Global Services segment provides consulting and network design, installation and deployment, maintenance support, and training services. The company sells its products through direct and indirect sales channels to network operators. Ciena Corporation was founded in 1992 and is headquartered in Hanover, Maryland.