Ciena (CIEN) Financials

$82.29 +2.07 (+2.58%)

Closing price 03:59 PM Eastern

Extended Trading

$82.82 +0.53 (+0.64%)

As of 07:17 PM Eastern

Annual Income Statements for Ciena

This table shows Ciena's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	11/2/2024	10/28/2023	10/29/2022	10/30/2021	10/31/2020	11/2/2019	11/3/2018	10/31/2017	10/31/2016	10/31/2015
Net Income / (Loss) Attributable to Common Shareholders	84	255	153	500	361	278	-345	1,262	73	12
Consolidated Net Income / (Loss)	84	255	153	500	361	253	-345	1,262	73	12
Net Income / (Loss) Continuing Operations	84	255	153	500	361	278	-345	1,262	73	12
Total Pre-Tax Income	120	324	183	463	456	338	149	156	87	24
Total Operating Income	167	358	223	495	487	347	230	215	156	100
Total Gross Profit	1,720	1,879	1,560	1,722	1,653	1,542	1,315	1,246	2,601	1,076
Total Revenue	4,015	4,387	3,633	3,621	3,532	3,572	3,094	2,802	2,601	2,446
Operating Revenue	4,015	4,387	3,633	3,621	3,532	3,572	3,094	2,802	2,601	2,446
Total Cost of Revenue	2,295	2,508	2,072	1,899	1,879	2,030	1,780	1,556	0.00	1,370
Operating Cost of Revenue	2,295	2,508	2,072	1,899	1,879	2,030	1,780	1,556	-	1,370
Total Operating Expenses	1,553	1,521	1,338	1,227	1,166	1,171	1,085	1,031	2,444	975
Selling, General & Admin Expense	221	215	179	182	170	174	160	143	133	123
Marketing Expense	511	491	467	452	416	423	394	356	350	334
Research & Development Expense	767	751	625	537	530	548	492	475	452	414
Amortization Expense	30	37	33	24	23	22	16	33	62	70
Restructuring Charge	25	27	34	32	27	3.37	23	24	9.55	34
Total Other Income / (Expense), net	-47	-34	-40	-33	-31	-34	-81	-59	-69	-77
Interest Expense	97	96	47	31	32	37	69	60	57	51
Interest & Investment Income	50	62	6.75	-1.77	0.96	3.88	-12	0.91	-	-
Income Tax Expense	36	69	30	-37	95	60	493	-1,106	14	12
Basic Earnings per Share	$0.58	$1.71	$1.01	$3.22	$2.34	$1.63	($2.40)	$8.89	$0.52	$0.10
Weighted Average Basic Shares Outstanding	144.72M	148.97M	151.21M	155.28M	154.29M	155.72M	143.74M	142.00M	138.31M	118.42M
Diluted Earnings per Share	$0.58	$1.71	$1.00	$3.19	$2.32	$1.61	($2.49)	$7.53	$0.51	$0.10
Weighted Average Diluted Shares Outstanding	145.96M	149.38M	152.19M	156.74M	155.96M	157.61M	143.74M	169.92M	150.70M	120.10M
Weighted Average Basic & Diluted Shares Outstanding	142.12M	144.83M	148.42M	154.88M	154.56M	155.50M	143.60M	142M	139.60M	116.70M

This table shows Ciena's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	2/1/2025	11/2/2024	7/27/2024	4/27/2024	1/27/2024	10/28/2023	7/29/2023	4/29/2023	1/28/2023	10/29/2022	7/30/2022
Net Income / (Loss) Attributable to Common Shareholders	45	37	14	-17	50	91	30	58	76	58	11
Consolidated Net Income / (Loss)	45	37	14	-17	50	91	30	58	76	58	11
Net Income / (Loss) Continuing Operations	45	37	14	-17	50	91	30	58	76	58	11
Total Pre-Tax Income	69	48	16	-16	72	71	64	87	101	65	15
Total Operating Income	81	59	27	-3.97	85	91	78	103	85	77	27
Total Gross Profit	472	460	404	389	467	486	449	488	456	434	341
Total Revenue	1,072	1,124	942	911	1,038	1,129	1,068	1,133	1,057	971	868
Operating Revenue	1,072	1,124	942	911	1,038	1,129	1,068	1,133	1,057	971	868
Total Cost of Revenue	600	664	538	522	571	643	619	645	601	537	527
Operating Cost of Revenue	600	664	538	522	571	643	619	645	601	-	527
Total Operating Expenses	391	401	377	393	382	395	371	385	371	356	314
Selling, General & Admin Expense	54	58	58	50	55	64	49	51	51	48	41
Marketing Expense	137	137	122	124	128	124	118	125	124	122	106
Research & Development Expense	193	196	189	195	187	189	189	190	182	167	150
Amortization Expense	6.55	7.19	7.19	7.95	7.25	11	9.49	9.85	7.44	5.75	8.92
Restructuring Charge	1.54	2.61	1.36	16	4.97	7.21	4.23	9.01	6.86	14	7.73
Total Other Income / (Expense), net	-12	-11	-10	-12	-13	-21	-14	-15	16	-12	-12
Interest Expense	24	25	24	24	24	32	24	24	16	14	13
Interest & Investment Income	12	14	14	12	11	11	10	8.55	32	1.89	0.37
Income Tax Expense	24	11	2.13	0.82	22	-21	35	30	25	7.74	4.32
Basic Earnings per Share	$0.31	$0.26	$0.10	($0.12)	$0.34	$0.61	$0.20	$0.39	$0.51	$0.38	$0.07
Weighted Average Basic Shares Outstanding	142.88M	144.72M	144.39M	144.91M	145.29M	148.97M	149.69M	149.62M	149.08M	151.21M	149.86M
Diluted Earnings per Share	$0.31	$0.26	$0.10	($0.12)	$0.34	$0.62	$0.20	$0.38	$0.51	$0.39	$0.07
Weighted Average Diluted Shares Outstanding	145.94M	145.96M	145.36M	144.91M	145.85M	149.38M	149.98M	150.15M	149.55M	152.19M	150.46M
Weighted Average Basic & Diluted Shares Outstanding	142.15M	142.12M	144.43M	143.71M	144.60M	144.83M	147.84M	149.50M	149.16M	148.42M	148.14M

This table details how cash moves in and out of Ciena's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	11/2/2024	10/28/2023	10/29/2022	10/30/2021	10/31/2020	11/2/2019	11/3/2018	10/31/2017	10/31/2016	10/31/2015
Net Change in Cash & Equivalents	-76	16	-428	334	185	270	105	-137	-13	204
Net Cash From Operating Activities	515	168	-168	542	494	413	229	235	290	262
Net Cash From Continuing Operating Activities	515	168	-168	542	494	413	229	235	290	262
Net Income / (Loss) Continuing Operations	84	255	153	500	361	253	-345	1,262	73	12
Consolidated Net Income / (Loss)	84	255	153	500	361	253	-345	1,262	73	12
Depreciation Expense	93	93	96	96	94	88	84	77	63	56
Amortization Expense	41	50	44	36	39	35	26	46	78	80
Non-Cash Adjustments To Reconcile Net Income	283	197	155	150	152	117	151	132	128	127
Changes in Operating Assets and Liabilities, net	14	-426	-616	-241	-152	-80	313	-1,282	-53	-13
Net Cash From Investing Activities	-306	-383	-101	-91	-220	24	-19	-61	-296	-43
Net Cash From Continuing Investing Activities	-306	-383	-101	-91	-220	24	-19	-61	-296	-43
Purchase of Property, Plant & Equipment	-137	-106	-91	-80	-83	-63	-68	-95	-107	-62
Acquisitions	0.00	-230	-62	0.00	-28	0.00	-83	0.00	-32	-
Purchase of Investments	-311	-255	-651	-166	-220	-162	-289	-302	-388	-247
Sale and/or Maturity of Investments	141	208	702	150	110	249	419	335	231	229
Net Cash From Financing Activities	-285	229	-133	-117	-87	-279	-99	-311	-4.23	-8.05
Net Cash From Continuing Financing Activities	-285	229	-133	-117	-87	-168	-99	-311	-4.23	-8.05
Repayment of Debt	-14	-16	-11	-6.93	-5.58	-8.19	-312	-331	-276	-38
Repurchase of Common Equity	-255	-242	-501	-91	-75	-150	-111	0.00	0.00	-
Issuance of Debt	0.00	498	400	0.00	0.00	-	305	0.00	249	0.00
Issuance of Common Equity	34	31	30	28	28	23	23	20	23	30
Other Financing Activities, net	-51	-41	-52	-47	-35	-32	-4.76	0.00	0.00	-
Effect of Exchange Rate Changes	1.25	2.15	-26	-0.20	-1.64	0.48	-5.86	0.49	-2.39	-6.68
Cash Interest Paid	93	84	43	30	33	40	45	47	47	41
Cash Income Taxes Paid	55	78	35	73	53	34	27	22	15	11

This table details how cash moves in and out of Ciena's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	2/1/2025	11/2/2024	7/27/2024	4/27/2024	1/27/2024	10/28/2023	7/29/2023	4/29/2023	1/28/2023	10/29/2022	7/30/2022
Net Change in Cash & Equivalents	-60	51	-208	-173	254	-107	-50	113	60	135	-160
Net Cash From Operating Activities	104	349	-159	58	266	195	8.69	230	-266	-15	-205
Net Cash From Continuing Operating Activities	104	349	-159	58	266	195	8.69	230	-266	-15	-205
Net Income / (Loss) Continuing Operations	45	37	14	-17	50	91	30	58	76	58	11
Consolidated Net Income / (Loss)	45	37	14	-17	50	91	30	58	76	58	11
Depreciation Expense	25	24	23	23	23	23	23	24	22	28	22
Amortization Expense	8.78	9.95	9.95	11	10	13	13	13	10	7.76	12
Non-Cash Adjustments To Reconcile Net Income	54	110	46	66	61	66	50	61	20	41	45
Changes in Operating Assets and Liabilities, net	-28	169	-252	-25	123	1.82	-107	74	-394	-148	-295
Net Cash From Investing Activities	-67	-149	-19	-157	18	-98	-8.07	-101	-176	186	196
Net Cash From Continuing Investing Activities	-67	-149	-19	-157	18	-98	-8.07	-101	-176	186	196
Purchase of Property, Plant & Equipment	-27	-84	-20	-17	-17	-23	-25	-28	-30	-24	-22
Purchase of Investments	-95	-91	-31	-169	-19	-133	-10	-73	-39	-33	-152
Sale and/or Maturity of Investments	55	26	32	29	54	57	27	0.00	123	242	370
Net Cash From Financing Activities	-93	-149	-29	-73	-35	-197	-53	-13	492	-23	-147
Net Cash From Continuing Financing Activities	-93	-149	-29	-73	-35	-197	-53	-13	492	-23	-147
Repayment of Debt	-22	-5.85	-2.93	-3.08	-2.40	-3.94	-3.18	-2.97	-5.73	-2.06	-0.01
Repurchase of Common Equity	-81	-129	-31	-57	-38	-184	-58	-	0.00	-13	-155
Issuance of Debt	19	-	-	-	0.00	-	-	-	498	-	-
Issuance of Common Equity	17	-0.00	17	-0.06	17	0.08	17	0.34	14	0.12	15
Other Financing Activities, net	-27	-14	-12	-13	-11	-8.84	-8.74	-9.99	-14	-8.09	-7.20
Effect of Exchange Rate Changes	-3.29	-0.25	-1.16	-1.99	4.65	-7.35	2.63	-3.02	9.88	-13	-3.97
Cash Interest Paid	26	28	19	27	19	28	19	27	11	18	8.01
Cash Income Taxes Paid	10	13	13	21	8.26	10	44	16	8.38	6.37	11

This table presents Ciena's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	11/2/2024	10/28/2023	10/29/2022	10/30/2021	10/31/2020	10/31/2019	10/31/2018	10/31/2017	10/31/2016	10/31/2015
Total Assets	5,641	5,601	5,070	4,865	4,181	3,893	3,757	3,952	2,874	2,695
Total Current Assets	3,544	3,576	3,386	3,189	2,611	2,382	2,143	2,006	2,013	1,864
Cash & Equivalents	935	1,011	994	1,423	1,089	904	745	641	778	791
Short-Term Investments	316	105	154	181	151	110	149	279	275	135
Accounts Receivable	909	1,004	921	885	719	725	787	622	576	551
Inventories, net	820	1,051	947	374	344	345	263	267	211	191
Prepaid Expenses	564	406	370	326	308	298	199	197	173	196
Plant, Property, & Equipment, net	338	280	268	285	0.00	287	292	308	288	192
Total Noncurrent Assets	1,759	1,746	1,416	1,391	1,570	1,225	1,322	1,637	572	639
Long-Term Investments	81	134	35	70	82	10	59	50	90	95
Goodwill	445	445	328	312	311	298	298	267	267	256
Intangible Assets	165	206	70	65	97	113	148	101	147	203
Noncurrent Deferred & Refundable Income Taxes	886	809	824	800	648	715	745	1,155	1.12	-
Other Noncurrent Operating Assets	182	152	159	144	432	89	72	64	67	85
Total Liabilities & Shareholders' Equity	5,641	5,601	5,070	4,865	4,181	3,893	3,757	3,952	2,874	2,695
Total Liabilities	2,825	2,753	2,357	1,845	1,671	1,721	1,827	1,815	2,107	2,074
Total Current Liabilities	1,000	932	1,041	909	761	846	963	1,038	892	667
Short-Term Debt	12	12	6.93	6.93	6.93	7.00	7.00	352	236	2.50
Accounts Payable	423	318	516	356	292	345	341	260	236	222
Accrued Expenses	394	431	361	409	334	383	340	323	310	316
Current Deferred Revenue	156	154	138	118	109	111	111	102	109	126
Other Current Liabilities	14	17	19	19	19	-	164	0.00	-	-
Total Noncurrent Liabilities	1,825	1,821	1,316	936	911	875	864	778	1,216	1,407
Long-Term Debt	1,533	1,543	1,061	670	676	680	686	584	1,017	1,272
Noncurrent Deferred Revenue	81	74	62	57	50	45	58	83	74	63
Other Noncurrent Operating Liabilities	211	204	193	208	185	149	119	111	124	73
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,816	2,848	2,713	3,020	2,510	2,173	1,929	2,136	766	621
Total Preferred & Common Equity	2,816	2,848	2,713	3,020	2,510	2,173	1,929	2,136	766	621
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,816	2,848	2,713	3,020	2,510	2,173	1,929	2,136	766	621
Common Stock	6,156	6,264	6,392	6,805	6,828	6,839	6,883	6,812	6,717	6,642
Retained Earnings	-3,293	-3,377	-3,632	-3,785	-4,283	-4,644	-4,948	-4,664	-5,926	-5,999
Accumulated Other Comprehensive Income / (Loss)	-47	-38	-47	0.44	-35	-22	-5.78	-11	-24	-22

This table presents Ciena's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	2/1/2025	7/27/2024	4/27/2024	1/27/2024	7/29/2023	4/29/2023	1/28/2023	7/30/2022
Total Assets	5,573	5,575	5,615	5,593	5,723	5,776	5,672	4,901
Total Current Assets	3,492	3,538	3,541	3,609	3,811	3,869	3,763	3,188
Cash & Equivalents	875	883	1,091	1,265	1,118	1,168	1,055	860
Short-Term Investments	337	218	166	107	142	150	100	322
Accounts Receivable	939	900	840	865	997	1,037	1,055	802
Inventories, net	845	937	1,023	985	1,193	1,098	1,178	827
Prepaid Expenses	496	600	422	387	362	416	375	378
Plant, Property, & Equipment, net	320	299	274	280	287	278	279	0.00
Total Noncurrent Assets	1,761	1,738	1,799	1,704	1,624	1,629	1,631	1,712
Long-Term Investments	105	112	166	104	21	25	3.24	78
Goodwill	444	445	445	445	447	446	447	329
Intangible Assets	156	175	185	196	219	231	245	77
Noncurrent Deferred & Refundable Income Taxes	868	832	822	814	792	795	797	798
Other Noncurrent Operating Assets	187	174	181	145	145	131	139	431
Total Liabilities & Shareholders' Equity	5,573	5,575	5,615	5,593	5,723	5,776	5,672	4,901
Total Liabilities	2,780	2,684	2,735	2,670	2,776	2,867	2,834	2,233
Total Current Liabilities	957	871	912	841	966	1,058	1,018	915
Short-Term Debt	12	12	12	12	12	12	12	6.93
Accounts Payable	396	317	332	316	393	445	478	439
Accrued Expenses	362	347	355	330	356	381	344	-
Current Deferred Revenue	174	179	197	167	188	203	165	148
Other Current Liabilities	13	16	16	17	17	17	19	321
Total Noncurrent Liabilities	1,823	1,814	1,822	1,828	1,810	1,809	1,816	1,318
Long-Term Debt	1,531	1,538	1,541	1,543	1,544	1,546	1,547	1,062
Noncurrent Deferred Revenue	83	78	80	77	72	68	67	62
Other Noncurrent Operating Liabilities	209	198	201	209	195	195	202	193
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,793	2,891	2,880	2,923	2,947	2,909	2,838	2,668
Total Preferred & Common Equity	2,793	2,891	2,880	2,923	2,947	2,909	2,838	2,668
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,793	2,891	2,880	2,923	2,947	2,909	2,838	2,668
Common Stock	6,110	6,262	6,247	6,276	6,427	6,447	6,424	6,379
Retained Earnings	-3,249	-3,330	-3,345	-3,328	-3,469	-3,498	-3,556	-3,690
Accumulated Other Comprehensive Income / (Loss)	-67	-40	-22	-25	-12	-40	-29	-22

This table displays calculated financial ratios and metrics derived from Ciena's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	11/2/2024	10/28/2023	10/29/2022	10/30/2021	10/31/2020	11/2/2019	11/3/2018	10/31/2017	10/31/2016	10/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-8.47%	20.75%	0.33%	2.51%	-1.12%	15.44%	10.44%	7.73%	6.33%	6.88%
EBITDA Growth	-39.95%	37.66%	-42.16%	1.31%	31.95%	38.10%	0.69%	18.34%	35.40%	58.18%
EBIT Growth	-53.40%	60.47%	-55.02%	1.72%	40.43%	50.80%	7.09%	49.53%	91.61%	266.61%
NOPAT Growth	-58.54%	50.81%	-65.14%	38.77%	35.19%	153.58%	-130.69%	1,227.76%	165.06%	54.14%
Net Income Growth	-67.05%	66.66%	-69.43%	38.45%	42.56%	173.53%	-127.31%	1,638.61%	522.13%	128.71%
EPS Growth	-66.08%	71.00%	-68.65%	37.50%	44.10%	164.66%	-133.07%	1,376.47%	410.00%	126.32%
Operating Cash Flow Growth	205.67%	200.34%	-130.97%	9.72%	19.49%	80.21%	-2.39%	-18.87%	10.46%	191.83%
Free Cash Flow Firm Growth	187.87%	28.96%	-200.97%	9.39%	195.53%	219.55%	-119.47%	299.56%	161.84%	-464.54%
Invested Capital Growth	-3.96%	21.43%	28.37%	8.12%	1.92%	9.99%	-20.61%	139.79%	0.36%	41.34%
Revenue Q/Q Growth	-0.13%	3.75%	-1.90%	6.25%	-3.80%	1.96%	5.27%	1.02%	0.94%	4.31%
EBITDA Q/Q Growth	-10.44%	3.16%	-13.72%	7.50%	0.38%	-0.08%	13.90%	-3.49%	14.67%	6.50%
EBIT Q/Q Growth	-16.15%	4.09%	-21.26%	9.73%	0.06%	-0.76%	21.10%	-1.77%	62.76%	-16.00%
NOPAT Q/Q Growth	-39.47%	17.97%	-18.20%	7.70%	-5.61%	-2.14%	-151.36%	797.62%	90.72%	172.88%
Net Income Q/Q Growth	-39.22%	15.16%	-23.07%	8.33%	-4.06%	6.90%	-145.87%	811.26%	227.47%	324.19%
EPS Q/Q Growth	-38.30%	15.54%	-21.26%	8.14%	-4.13%	10.27%	-162.25%	709.68%	218.75%	211.11%
Operating Cash Flow Q/Q Growth	42.67%	504.19%	-265.05%	14.26%	-9.65%	71.32%	-23.52%	0.78%	21.94%	4.29%
Free Cash Flow Firm Q/Q Growth	29.34%	45.57%	-222.71%	21.01%	-17.43%	95.32%	-130.24%	385.41%	137.65%	-299.38%
Invested Capital Q/Q Growth	-6.17%	-2.12%	4.81%	-5.00%	-4.01%	-6.58%	-3.75%	105.07%	-6.41%	64.94%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	42.83%	42.83%	42.95%	47.56%	46.80%	43.17%	42.49%	44.47%	100.00%	43.98%
EBITDA Margin	7.47%	11.39%	9.99%	17.33%	17.54%	13.14%	10.99%	12.05%	10.97%	8.62%
Operating Margin	4.15%	8.15%	6.13%	13.68%	13.79%	9.71%	7.43%	7.66%	6.01%	4.11%
EBIT Margin	4.15%	8.15%	6.13%	13.68%	13.79%	9.71%	7.43%	7.66%	5.52%	3.06%
Profit (Net Income) Margin	2.09%	5.81%	4.21%	13.82%	10.23%	7.09%	-11.14%	45.04%	2.79%	0.48%
Tax Burden Percent	70.05%	78.73%	83.78%	108.09%	79.24%	75.04%	-231.68%	808.29%	83.70%	49.10%
Interest Burden Percent	71.93%	90.52%	81.91%	93.42%	93.63%	97.39%	64.70%	72.71%	60.39%	31.71%
Effective Tax Rate	29.95%	21.27%	16.22%	-8.09%	20.76%	17.69%	331.68%	-708.29%	16.30%	50.90%
Return on Invested Capital (ROIC)	3.78%	9.79%	8.08%	27.50%	20.81%	16.28%	-28.24%	116.49%	14.93%	6.61%
ROIC Less NNEP Spread (ROIC-NNEP)	-8.87%	-18.33%	14.15%	31.81%	25.85%	27.00%	-156.44%	-1,110.54%	-17.04%	-1.39%
Return on Net Nonoperating Assets (RNNOA)	-0.81%	-0.63%	-2.75%	-9.41%	-5.38%	-3.93%	11.29%	-29.54%	-4.47%	-2.38%
Return on Equity (ROE)	2.96%	9.16%	5.33%	18.09%	15.43%	12.36%	-16.96%	86.95%	10.46%	4.23%
Cash Return on Invested Capital (CROIC)	7.82%	-9.57%	-16.76%	19.70%	18.92%	6.77%	-5.26%	34.21%	14.57%	-27.65%
Operating Return on Assets (OROA)	2.96%	6.70%	4.49%	10.95%	12.06%	9.07%	5.97%	6.29%	5.16%	3.14%
Return on Assets (ROA)	1.49%	4.78%	3.08%	11.06%	8.95%	6.63%	-8.94%	36.98%	2.61%	0.49%
Return on Common Equity (ROCE)	2.96%	9.16%	5.33%	18.09%	15.43%	12.36%	-16.96%	86.95%	10.46%	4.23%
Return on Equity Simple (ROE_SIMPLE)	2.98%	8.95%	5.64%	16.56%	14.40%	11.66%	-17.87%	59.07%	9.47%	1.88%
Net Operating Profit after Tax (NOPAT)	117	282	187	535	386	285	-533	1,736	131	49
NOPAT Margin	2.91%	6.42%	5.14%	14.79%	10.92%	7.99%	-17.22%	61.95%	5.03%	2.02%
Net Nonoperating Expense Percent (NNEP)	12.65%	28.12%	-6.07%	-4.31%	-5.04%	-10.72%	128.19%	1,227.03%	31.98%	8.00%
Return On Investment Capital (ROIC_SIMPLE)	2.68%	6.39%	4.94%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	57.17%	57.17%	57.05%	52.44%	53.20%	56.83%	57.51%	55.53%	0.00%	56.02%
SG&A Expenses to Revenue	5.50%	4.91%	4.94%	5.02%	4.80%	4.88%	5.18%	5.09%	5.11%	5.05%
R&D to Revenue	19.12%	17.11%	17.20%	14.82%	15.00%	15.34%	15.89%	16.97%	17.37%	16.94%
Operating Expenses to Revenue	38.68%	34.68%	36.82%	33.88%	33.01%	32.77%	35.06%	36.80%	93.99%	39.87%
Earnings before Interest and Taxes (EBIT)	167	358	223	495	487	347	230	215	144	75
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	300	500	363	628	619	469	340	338	285	211
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.28	2.13	2.63	2.79	2.42	2.59	2.37	1.42	3.52	5.24
Price to Tangible Book Value (P/TBV)	4.19	2.76	3.09	3.18	2.89	3.20	3.08	1.72	7.66	20.11
Price to Revenue (P/Rev)	2.30	1.38	1.97	2.32	1.72	1.58	1.48	1.08	1.04	1.33
Price to Earnings (P/E)	110.05	23.80	46.75	16.82	16.82	20.27	0.00	2.41	37.20	278.82
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.91%	4.20%	2.14%	5.95%	5.94%	4.93%	0.00%	41.58%	2.69%	0.36%
Enterprise Value to Invested Capital (EV/IC)	3.12	2.02	2.71	3.66	2.91	2.89	2.58	1.43	3.21	4.01
Enterprise Value to Revenue (EV/Rev)	2.35	1.45	1.94	2.05	1.54	1.48	1.39	1.07	1.08	1.43
Enterprise Value to EBITDA (EV/EBITDA)	31.50	12.75	19.37	11.81	8.78	11.29	12.67	8.89	9.85	16.64
Enterprise Value to EBIT (EV/EBIT)	56.73	17.82	31.56	14.97	11.17	15.28	18.73	13.98	19.58	46.78
Enterprise Value to NOPAT (EV/NOPAT)	80.98	22.63	37.67	13.85	14.10	18.57	0.00	1.73	21.51	71.09
Enterprise Value to Operating Cash Flow (EV/OCF)	18.37	37.84	0.00	13.69	11.02	12.83	18.78	12.78	9.71	13.38
Enterprise Value to Free Cash Flow (EV/FCFF)	39.10	0.00	0.00	19.33	15.51	44.66	0.00	5.89	22.04	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.55	0.55	0.39	0.22	0.27	0.32	0.36	0.44	1.64	2.05
Long-Term Debt to Equity	0.54	0.54	0.39	0.22	0.27	0.31	0.36	0.27	1.33	2.05
Financial Leverage	0.09	0.03	-0.19	-0.30	-0.21	-0.15	-0.07	0.03	0.26	1.71
Leverage Ratio	1.98	1.92	1.73	1.64	1.72	1.86	1.90	2.35	4.01	8.65
Compound Leverage Factor	1.43	1.74	1.42	1.53	1.61	1.82	1.23	1.71	2.42	2.74
Debt to Total Capital	35.42%	35.32%	28.25%	18.32%	21.40%	24.03%	26.44%	30.46%	62.06%	67.24%
Short-Term Debt to Total Capital	0.27%	0.27%	0.18%	0.19%	0.22%	0.24%	0.27%	11.47%	11.70%	0.13%
Long-Term Debt to Total Capital	35.15%	35.05%	28.07%	18.13%	21.18%	23.79%	26.17%	19.00%	50.37%	67.10%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	64.58%	64.68%	71.75%	81.68%	78.60%	75.97%	73.56%	69.54%	37.94%	32.76%
Debt to EBITDA	5.15	3.11	2.94	1.08	1.10	1.46	2.04	2.77	4.39	6.05
Net Debt to EBITDA	0.71	0.61	-0.32	-1.59	-1.03	-0.72	-0.76	-0.10	0.39	1.20
Long-Term Debt to EBITDA	5.11	3.09	2.92	1.07	1.09	1.45	2.02	1.73	3.57	6.04
Debt to NOPAT	13.24	5.52	5.72	1.26	1.77	2.41	-1.30	0.54	9.59	25.84
Net Debt to NOPAT	1.82	1.09	-0.62	-1.86	-1.65	-1.18	0.49	-0.02	0.85	5.13
Long-Term Debt to NOPAT	13.14	5.48	5.68	1.25	1.75	2.38	-1.29	0.34	7.78	25.79
Altman Z-Score	2.50	2.04	2.23	3.29	2.51	1.98	1.06	0.53	-0.58	-0.64
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.55	3.84	3.25	3.51	3.43	2.82	2.22	1.93	2.26	2.79
Quick Ratio	2.16	2.27	1.99	2.74	2.57	2.06	1.75	1.49	1.83	2.21
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	242	-275	-387	384	351	119	-99	510	128	-206
Operating Cash Flow to CapEx	376.56%	158.51%	-184.72%	680.89%	597.16%	660.19%	339.06%	248.29%	270.11%	422.02%
Free Cash Flow to Firm to Interest Expense	2.49	-2.87	-8.23	12.44	10.97	3.17	-1.44	8.56	2.24	-4.03
Operating Cash Flow to Interest Expense	5.30	1.76	-3.57	17.56	15.44	11.03	3.32	3.95	5.09	5.12
Operating Cash Flow Less CapEx to Interest Expense	3.89	0.65	-5.50	14.99	12.86	9.36	2.34	2.36	3.21	3.91
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.71	0.82	0.73	0.80	0.87	0.93	0.80	0.82	0.93	1.03
Accounts Receivable Turnover	4.20	4.56	4.02	4.51	4.89	4.73	4.39	4.68	4.61	4.57
Inventory Turnover	2.45	2.51	3.14	5.28	5.45	6.68	6.72	6.50	0.00	6.15
Fixed Asset Turnover	13.00	16.01	13.14	0.00	0.00	12.34	10.31	9.39	10.83	15.35
Accounts Payable Turnover	6.19	6.01	4.75	5.86	5.90	5.92	5.93	6.27	0.00	6.34
Days Sales Outstanding (DSO)	86.93	80.07	90.72	80.87	74.62	77.22	83.08	78.06	79.09	79.83
Days Inventory Outstanding (DIO)	148.78	145.37	116.33	69.07	66.95	54.64	54.34	56.11	0.00	59.38
Days Payable Outstanding (DPO)	58.93	60.69	76.81	62.29	61.83	61.62	61.60	58.18	0.00	57.53
Cash Conversion Cycle (CCC)	176.78	164.76	130.24	87.65	79.74	70.24	75.82	75.99	79.09	81.68
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,029	3,154	2,597	2,023	1,871	1,836	1,669	2,103	877	874
Invested Capital Turnover	1.30	1.53	1.57	1.86	1.91	2.04	1.64	1.88	2.97	3.28
Increase / (Decrease) in Invested Capital	-125	557	574	152	35	167	-433	1,226	3.16	256
Enterprise Value (EV)	9,452	6,370	7,032	7,414	5,440	5,299	4,306	3,002	2,811	3,506
Market Capitalization	9,239	6,064	7,148	8,411	6,079	5,636	4,566	3,035	2,700	3,253
Book Value per Share	$19.50	$19.27	$18.31	$19.49	$16.26	$14.05	$13.53	$14.97	$5.50	$4.61
Tangible Book Value per Share	$15.28	$14.87	$15.63	$17.06	$13.62	$11.39	$10.40	$12.39	$2.53	$1.20
Total Capital	4,361	4,403	3,781	3,697	3,193	2,860	2,623	3,072	2,020	1,895
Total Debt	1,545	1,555	1,068	677	683	687	693	936	1,254	1,274
Total Long-Term Debt	1,533	1,543	1,061	670	676	680	686	584	1,017	1,272
Net Debt	213	305	-116	-997	-638	-337	-260	-33	111	253
Capital Expenditures (CapEx)	137	106	91	80	83	63	68	95	107	62
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,305	1,540	1,204	683	618	529	292	401	305	274
Debt-free Net Working Capital (DFNWC)	2,556	2,655	2,352	2,287	1,857	1,543	1,187	1,321	1,358	1,200
Net Working Capital (NWC)	2,545	2,644	2,345	2,280	1,850	1,536	1,180	969	1,122	1,197
Net Nonoperating Expense (NNE)	33	27	34	35	25	32	-188	474	58	38
Net Nonoperating Obligations (NNO)	213	305	-116	-997	-638	-337	-260	-33	111	253
Total Depreciation and Amortization (D&A)	133	142	140	132	133	123	110	123	142	136
Debt-free, Cash-free Net Working Capital to Revenue	32.51%	35.11%	33.14%	18.86%	17.50%	14.81%	9.44%	14.32%	11.73%	11.19%
Debt-free Net Working Capital to Revenue	63.67%	60.54%	64.75%	63.16%	52.59%	43.19%	38.35%	47.15%	52.22%	49.05%
Net Working Capital to Revenue	63.38%	60.27%	64.56%	62.97%	52.39%	43.00%	38.12%	34.57%	43.13%	48.95%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.58	$1.71	$1.01	$3.22	$2.34	$1.63	($2.40)	$8.89	$0.52	$0.10
Adjusted Weighted Average Basic Shares Outstanding	144.72M	148.97M	151.21M	155.28M	154.29M	155.72M	143.74M	142.00M	138.31M	118.42M
Adjusted Diluted Earnings per Share	$0.58	$1.71	$1.00	$3.19	$2.32	$1.61	($2.49)	$7.53	$0.51	$0.10
Adjusted Weighted Average Diluted Shares Outstanding	145.96M	149.38M	152.19M	156.74M	155.96M	157.61M	143.74M	169.92M	150.70M	120.10M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$3.22	$0.00	$1.63	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	142.12M	144.83M	148.42M	154.88M	154.56M	154.05M	156.48M	143.68M	140.38M	135.79M
Normalized Net Operating Profit after Tax (NOPAT)	134	303	216	369	407	288	177	167	139	94
Normalized NOPAT Margin	3.34%	6.91%	5.93%	10.20%	11.52%	8.07%	5.73%	5.96%	5.33%	3.85%
Pre Tax Income Margin	2.99%	7.38%	5.02%	12.78%	12.91%	9.45%	4.81%	5.57%	3.33%	0.97%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.72	3.73	4.74	16.06	15.23	9.26	3.33	3.61	2.52	1.46
NOPAT to Interest Expense	1.20	2.94	3.97	17.36	12.07	7.62	-7.71	29.17	2.30	0.96
EBIT Less CapEx to Interest Expense	0.31	2.62	2.81	13.48	12.65	7.59	2.35	2.02	0.64	0.25
NOPAT Less CapEx to Interest Expense	-0.21	1.83	2.04	14.78	9.48	5.95	-8.68	27.58	0.41	-0.25
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	303.14%	95.05%	327.53%	18.25%	20.63%	59.22%	-32.20%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Ciena's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	2/1/2025	11/2/2024	7/27/2024	4/27/2024	1/27/2024	10/28/2023	7/29/2023	4/29/2023	1/28/2023	10/29/2022	7/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.33%	-0.48%	-11.76%	-19.58%	-1.78%	16.32%	23.03%	19.32%	25.11%	-6.77%	-12.16%
EBITDA Growth	-2.84%	-27.33%	-47.75%	-78.57%	-0.25%	13.60%	85.94%	50.24%	22.80%	-33.89%	-66.25%
EBIT Growth	-4.69%	-35.15%	-65.81%	-103.86%	-0.69%	18.16%	188.54%	75.96%	42.02%	-43.77%	-81.75%
NOPAT Growth	-10.62%	-61.33%	-35.62%	-104.10%	-8.55%	73.32%	88.12%	40.80%	28.37%	-38.05%	-92.31%
Net Income Growth	-10.04%	-59.40%	-52.14%	-129.22%	-35.01%	58.21%	182.85%	48.13%	66.38%	-44.30%	-95.59%
EPS Growth	-8.82%	-58.06%	-50.00%	-131.58%	-33.33%	58.97%	185.71%	52.00%	75.86%	-40.91%	-95.39%
Operating Cash Flow Growth	-61.02%	78.73%	-1,934.45%	-74.56%	200.16%	1,447.43%	104.23%	115.68%	-388.21%	-105.69%	-397.25%
Free Cash Flow Firm Growth	-87.63%	138.92%	102.45%	113.21%	130.87%	13.30%	-115.19%	-250.64%	-419.25%	-1,107.19%	-571.33%
Invested Capital Growth	0.53%	-3.96%	0.18%	-3.65%	-7.30%	21.43%	30.03%	41.02%	45.97%	28.37%	16.35%
Revenue Q/Q Growth	-4.61%	19.29%	3.46%	-12.23%	-8.13%	5.77%	-5.72%	7.21%	8.81%	11.87%	-8.56%
EBITDA Q/Q Growth	22.70%	55.86%	99.22%	-74.50%	-8.24%	12.08%	-18.30%	18.71%	4.51%	83.46%	-33.99%
EBIT Q/Q Growth	36.23%	121.40%	774.48%	-104.69%	-7.31%	16.73%	-23.93%	20.65%	10.29%	185.05%	-53.61%
NOPAT Q/Q Growth	14.80%	96.21%	938.35%	-104.73%	-50.34%	226.69%	-46.66%	5.68%	-5.88%	254.58%	-60.08%
Net Income Q/Q Growth	20.37%	160.21%	184.46%	-134.01%	-45.67%	206.73%	-48.43%	-24.38%	32.26%	448.37%	-72.99%
EPS Q/Q Growth	19.23%	160.00%	183.33%	-135.29%	-45.16%	210.00%	-47.37%	-25.49%	30.77%	457.14%	-72.00%
Operating Cash Flow Q/Q Growth	-70.31%	319.20%	-372.57%	-78.02%	36.12%	2,149.91%	-96.22%	186.51%	-1,731.11%	92.94%	-292.76%
Free Cash Flow Firm Q/Q Growth	-78.62%	883.04%	-84.37%	-62.36%	167.29%	38.05%	15.81%	12.05%	-89.01%	-53.75%	-37.19%
Invested Capital Q/Q Growth	-0.33%	-6.17%	7.25%	0.22%	-4.78%	-2.12%	3.15%	-3.58%	24.73%	4.81%	11.87%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	44.00%	40.92%	42.87%	42.67%	45.00%	43.05%	42.04%	43.06%	43.16%	44.65%	39.26%
EBITDA Margin	10.64%	8.27%	6.33%	3.29%	11.32%	11.33%	10.69%	12.34%	11.15%	11.60%	7.08%
Operating Margin	7.52%	5.27%	2.84%	-0.44%	8.16%	8.08%	7.32%	9.08%	8.07%	7.96%	3.12%
EBIT Margin	7.52%	5.27%	2.84%	-0.44%	8.16%	8.08%	7.32%	9.08%	8.07%	7.96%	3.12%
Profit (Net Income) Margin	4.16%	3.29%	1.51%	-1.85%	4.77%	8.07%	2.78%	5.09%	7.22%	5.94%	1.21%
Tax Burden Percent	64.98%	77.11%	87.01%	105.12%	69.29%	129.33%	46.21%	65.91%	75.25%	88.17%	70.88%
Interest Burden Percent	85.04%	81.10%	61.16%	404.26%	84.49%	77.24%	82.26%	85.08%	118.90%	84.61%	54.71%
Effective Tax Rate	35.02%	22.89%	12.99%	0.00%	30.71%	-29.33%	53.79%	34.09%	24.75%	11.83%	29.12%
Return on Invested Capital (ROIC)	6.57%	5.28%	3.08%	-0.41%	7.91%	15.95%	5.02%	9.03%	8.55%	11.03%	3.56%
ROIC Less NNEP Spread (ROIC-NNEP)	1.43%	1.94%	0.12%	-8.58%	4.12%	-12.38%	-10.04%	14.76%	-3.93%	12.92%	5.33%
Return on Net Nonoperating Assets (RNNOA)	0.08%	0.18%	0.01%	-0.51%	0.34%	-0.42%	-0.15%	-0.91%	0.13%	-2.51%	-0.94%
Return on Equity (ROE)	6.65%	5.45%	3.09%	-0.92%	8.25%	15.53%	4.87%	8.11%	8.68%	8.53%	2.62%
Cash Return on Invested Capital (CROIC)	3.12%	7.82%	5.80%	10.30%	16.46%	-9.57%	-17.74%	-25.81%	-30.10%	-16.76%	-5.21%
Operating Return on Assets (OROA)	5.46%	3.76%	2.02%	-0.32%	6.32%	6.65%	5.83%	6.81%	5.87%	5.82%	2.42%
Return on Assets (ROA)	3.02%	2.35%	1.07%	-1.35%	3.70%	6.64%	2.22%	3.82%	5.25%	4.34%	0.94%
Return on Common Equity (ROCE)	6.65%	5.45%	3.09%	-0.92%	8.25%	15.53%	4.87%	8.11%	8.68%	8.53%	2.62%
Return on Equity Simple (ROE_SIMPLE)	2.83%	0.00%	4.78%	5.33%	7.80%	0.00%	7.51%	6.95%	6.46%	0.00%	7.45%
Net Operating Profit after Tax (NOPAT)	52	46	23	-2.78	59	118	36	68	64	68	19
NOPAT Margin	4.89%	4.06%	2.47%	-0.30%	5.65%	10.45%	3.38%	5.98%	6.07%	7.02%	2.21%
Net Nonoperating Expense Percent (NNEP)	5.14%	3.33%	2.95%	8.17%	3.78%	28.33%	15.06%	-5.74%	12.48%	-1.88%	-1.77%
Return On Investment Capital (ROIC_SIMPLE)	1.21%	1.05%	-	-	1.31%	2.68%	-	-	-	1.80%	-
Cost of Revenue to Revenue	56.00%	59.08%	57.13%	57.33%	55.00%	56.95%	57.96%	56.94%	56.84%	55.35%	60.74%
SG&A Expenses to Revenue	5.03%	5.17%	6.18%	5.44%	5.27%	5.68%	4.62%	4.50%	4.82%	4.96%	4.74%
R&D to Revenue	17.97%	17.43%	20.05%	21.45%	18.05%	16.77%	17.74%	16.77%	17.20%	17.19%	17.28%
Operating Expenses to Revenue	36.48%	35.66%	40.03%	43.11%	36.84%	34.97%	34.72%	33.98%	35.09%	36.70%	36.14%
Earnings before Interest and Taxes (EBIT)	81	59	27	-3.97	85	91	78	103	85	77	27
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	114	93	60	30	117	128	114	140	118	113	61
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.43	3.28	2.49	2.34	2.60	2.13	2.11	2.36	2.67	2.63	2.90
Price to Tangible Book Value (P/TBV)	5.65	4.19	3.17	3.00	3.33	2.76	2.72	3.08	3.53	3.09	3.42
Price to Revenue (P/Rev)	3.06	2.30	1.79	1.63	1.74	1.38	1.47	1.70	1.97	1.97	2.09
Price to Earnings (P/E)	156.80	110.05	52.19	43.87	33.32	23.80	28.09	33.99	41.31	46.75	38.87
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.64%	0.91%	1.92%	2.28%	3.00%	4.20%	3.56%	2.94%	2.42%	2.14%	2.57%
Enterprise Value to Invested Capital (EV/IC)	4.18	3.12	2.34	2.28	2.56	2.02	2.01	2.27	2.46	2.71	3.04
Enterprise Value to Revenue (EV/Rev)	3.11	2.35	1.88	1.66	1.76	1.45	1.54	1.76	2.07	1.94	2.03
Enterprise Value to EBITDA (EV/EBITDA)	42.49	31.50	22.52	17.63	15.38	12.75	13.40	16.41	20.72	19.37	17.91
Enterprise Value to EBIT (EV/EBIT)	77.53	56.73	37.97	27.46	21.52	17.82	18.90	24.22	32.15	31.56	26.63
Enterprise Value to NOPAT (EV/NOPAT)	114.79	80.98	39.13	34.02	27.72	22.63	27.20	32.25	40.13	37.67	33.02
Enterprise Value to Operating Cash Flow (EV/OCF)	35.80	18.37	20.92	12.99	10.97	37.84	0.00	0.00	0.00	0.00	74.13
Enterprise Value to Free Cash Flow (EV/FCFF)	134.23	39.10	40.37	21.75	14.96	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.55	0.55	0.54	0.54	0.53	0.55	0.53	0.54	0.55	0.39	0.40
Long-Term Debt to Equity	0.55	0.54	0.53	0.53	0.53	0.54	0.52	0.53	0.55	0.39	0.40
Financial Leverage	0.05	0.09	0.10	0.06	0.08	0.03	0.02	-0.06	-0.03	-0.19	-0.18
Leverage Ratio	1.95	1.98	1.94	1.97	1.96	1.92	1.89	1.89	1.87	1.73	1.71
Compound Leverage Factor	1.66	1.61	1.18	7.95	1.65	1.48	1.56	1.61	2.22	1.47	0.94
Debt to Total Capital	35.58%	35.42%	34.90%	35.02%	34.72%	35.32%	34.55%	34.89%	35.46%	28.25%	28.62%
Short-Term Debt to Total Capital	0.27%	0.27%	0.26%	0.26%	0.26%	0.27%	0.26%	0.27%	0.27%	0.18%	0.19%
Long-Term Debt to Total Capital	35.31%	35.15%	34.64%	34.76%	34.46%	35.05%	34.29%	34.62%	35.19%	28.07%	28.43%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	64.42%	64.58%	65.10%	64.98%	65.28%	64.68%	65.45%	65.11%	64.54%	71.75%	71.38%
Debt to EBITDA	5.20	5.15	4.63	3.98	3.11	3.11	3.21	3.61	4.05	2.94	2.54
Net Debt to EBITDA	0.76	0.71	1.01	0.33	0.16	0.61	0.57	0.50	1.04	-0.32	-0.45
Long-Term Debt to EBITDA	5.16	5.11	4.59	3.95	3.09	3.09	3.19	3.58	4.02	2.92	2.53
Debt to NOPAT	14.04	13.24	8.04	7.69	5.61	5.52	6.52	7.10	7.85	5.72	4.69
Net Debt to NOPAT	2.05	1.82	1.75	0.64	0.29	1.09	1.15	0.98	2.02	-0.62	-0.83
Long-Term Debt to NOPAT	13.94	13.14	7.98	7.63	5.57	5.48	6.47	7.04	7.79	5.68	4.66
Altman Z-Score	3.18	2.43	2.09	1.94	2.30	1.88	1.88	1.93	2.03	2.14	2.35
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.65	3.55	4.06	3.88	4.29	3.84	3.95	3.66	3.70	3.25	3.48
Quick Ratio	2.25	2.16	2.30	2.30	2.66	2.27	2.34	2.23	2.17	1.99	2.17
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	37	171	17	111	295	-439	-708	-841	-956	-506	-329
Operating Cash Flow to CapEx	385.82%	418.18%	-813.23%	345.97%	1,602.96%	858.27%	34.22%	820.64%	-884.58%	-60.67%	-948.29%
Free Cash Flow to Firm to Interest Expense	1.54	6.83	0.71	4.66	12.41	-13.67	-29.42	-35.20	-60.24	-36.72	-26.02
Operating Cash Flow to Interest Expense	4.39	13.98	-6.53	2.45	11.19	6.09	0.36	9.62	-16.74	-1.05	-16.25
Operating Cash Flow Less CapEx to Interest Expense	3.25	10.64	-7.33	1.74	10.49	5.38	-0.69	8.45	-18.63	-2.79	-17.96
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.73	0.71	0.71	0.73	0.78	0.82	0.80	0.75	0.73	0.73	0.78
Accounts Receivable Turnover	4.49	4.20	4.24	4.42	4.55	4.56	4.70	4.45	4.16	4.02	4.41
Inventory Turnover	2.54	2.45	2.14	2.22	2.29	2.51	2.38	2.83	2.71	3.14	3.51
Fixed Asset Turnover	13.48	13.00	13.71	15.00	15.62	16.01	0.00	0.00	0.00	13.14	0.00
Accounts Payable Turnover	6.53	6.19	6.41	6.06	6.24	6.01	5.77	5.79	5.61	4.75	5.67
Days Sales Outstanding (DSO)	81.30	86.93	86.12	82.62	80.23	80.07	77.69	82.08	87.82	90.72	82.83
Days Inventory Outstanding (DIO)	143.64	148.78	170.90	164.34	159.31	145.37	153.42	129.16	134.91	116.33	104.05
Days Payable Outstanding (DPO)	55.88	58.93	56.95	60.20	58.52	60.69	63.24	63.02	65.04	76.81	64.40
Cash Conversion Cycle (CCC)	169.07	176.78	200.08	186.75	181.02	164.76	167.87	148.21	157.69	130.24	122.47
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,019	3,029	3,228	3,010	3,003	3,154	3,222	3,124	3,240	2,597	2,478
Invested Capital Turnover	1.34	1.30	1.25	1.35	1.40	1.53	1.48	1.51	1.41	1.57	1.61
Increase / (Decrease) in Invested Capital	16	-125	5.91	-114	-236	557	744	909	1,020	574	348
Enterprise Value (EV)	12,610	9,452	7,545	6,869	7,682	6,370	6,491	7,082	7,975	7,032	7,535
Market Capitalization	12,384	9,239	7,208	6,740	7,602	6,064	6,216	6,867	7,574	7,148	7,725
Book Value per Share	$19.66	$19.50	$20.12	$19.92	$20.12	$19.27	$19.71	$19.50	$19.12	$18.31	$17.82
Tangible Book Value per Share	$15.43	$15.28	$15.80	$15.56	$15.71	$14.87	$15.26	$14.96	$14.47	$15.63	$15.11
Total Capital	4,336	4,361	4,441	4,433	4,478	4,403	4,503	4,467	4,398	3,781	3,737
Total Debt	1,543	1,545	1,550	1,552	1,555	1,555	1,556	1,558	1,559	1,068	1,069
Total Long-Term Debt	1,531	1,533	1,538	1,541	1,543	1,543	1,544	1,546	1,547	1,061	1,062
Net Debt	226	213	337	129	80	305	275	215	401	-116	-190
Capital Expenditures (CapEx)	27	84	20	17	17	23	25	28	30	24	22
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,335	1,305	1,578	1,384	1,408	1,540	1,598	1,504	1,601	1,204	1,098
Debt-free Net Working Capital (DFNWC)	2,547	2,556	2,680	2,641	2,779	2,655	2,858	2,823	2,756	2,352	2,280
Net Working Capital (NWC)	2,535	2,545	2,668	2,629	2,767	2,644	2,846	2,811	2,744	2,345	2,273
Net Nonoperating Expense (NNE)	7.84	8.63	9.04	14	9.10	27	6.41	10	-12	10	8.70
Net Nonoperating Obligations (NNO)	226	213	337	129	80	305	275	215	401	-116	-190
Total Depreciation and Amortization (D&A)	33	34	33	34	33	37	36	37	33	35	34
Debt-free, Cash-free Net Working Capital to Revenue	32.96%	32.51%	39.26%	33.38%	32.23%	35.11%	37.79%	37.35%	41.65%	33.14%	29.66%
Debt-free Net Working Capital to Revenue	62.89%	63.67%	66.65%	63.70%	63.63%	60.54%	67.59%	70.07%	71.69%	64.75%	61.57%
Net Working Capital to Revenue	62.61%	63.38%	66.36%	63.42%	63.36%	60.27%	67.30%	69.78%	71.38%	64.56%	61.38%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.31	$0.26	$0.10	($0.12)	$0.34	$0.61	$0.20	$0.39	$0.51	$0.38	$0.07
Adjusted Weighted Average Basic Shares Outstanding	142.88M	144.72M	144.39M	144.91M	145.29M	148.97M	149.69M	149.62M	149.08M	151.21M	149.86M
Adjusted Diluted Earnings per Share	$0.31	$0.26	$0.10	($0.12)	$0.34	$0.62	$0.20	$0.38	$0.51	$0.39	$0.07
Adjusted Weighted Average Diluted Shares Outstanding	145.94M	145.96M	145.36M	144.91M	145.85M	149.38M	149.98M	150.15M	149.55M	152.19M	150.46M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	142.15M	142.12M	144.43M	143.71M	144.60M	144.83M	147.84M	149.50M	149.16M	148.42M	148.14M
Normalized Net Operating Profit after Tax (NOPAT)	53	48	24	8.18	62	69	58	74	69	80	25
Normalized NOPAT Margin	4.98%	4.24%	2.60%	0.90%	5.98%	6.11%	5.40%	6.51%	6.56%	8.25%	2.84%
Pre Tax Income Margin	6.40%	4.27%	1.74%	-1.76%	6.89%	6.24%	6.03%	7.72%	9.59%	6.73%	1.71%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.41	2.37	1.10	-0.17	3.56	2.85	3.25	4.30	5.37	5.61	2.14
NOPAT to Interest Expense	2.22	1.83	0.95	-0.12	2.47	3.68	1.50	2.84	4.04	4.95	1.52
EBIT Less CapEx to Interest Expense	2.27	-0.97	0.29	-0.87	2.86	2.14	2.20	3.13	3.48	3.87	0.43
NOPAT Less CapEx to Interest Expense	1.08	-1.52	0.15	-0.82	1.77	2.97	0.45	1.66	2.15	3.21	-0.19
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	376.65%	303.14%	224.63%	219.37%	122.91%	95.05%	31.97%	83.15%	136.81%	327.53%	258.87%

Frequently Asked Questions About Ciena's Financials

When does Ciena's fiscal year end?

According to the most recent income statement we have on file, Ciena's financial year ends in November. Their financial year 2024 ended on November 2, 2024.

How has Ciena's net income changed over the last 9 years?

Ciena's net income appears to be on a downward trend, with a most recent value of $83.96 million in 2024, rising from $11.67 million in 2015. The previous period was $254.83 million in 2023. View Ciena's forecast to see where analysts expect Ciena to go next.

What is Ciena's operating income?

Ciena's total operating income in 2024 was $166.62 million, based on the following breakdown:

Total Gross Profit: $1.72 billion
Total Operating Expenses: $1.55 billion

How has Ciena revenue changed over the last 9 years?

Over the last 9 years, Ciena's total revenue changed from $2.45 billion in 2015 to $4.01 billion in 2024, a change of 64.2%.

How much debt does Ciena have?

Ciena's total liabilities were at $2.83 billion at the end of 2024, a 2.6% increase from 2023, and a 36.2% increase since 2015.

How much cash does Ciena have?

In the past 9 years, Ciena's cash and equivalents has ranged from $640.51 million in 2017 to $1.42 billion in 2021, and is currently $934.86 million as of their latest financial filing in 2024.

How has Ciena's book value per share changed over the last 9 years?

Over the last 9 years, Ciena's book value per share changed from 4.61 in 2015 to 19.50 in 2024, a change of 323.2%.

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This page (NYSE:CIEN) was last updated on 5/27/2025 by MarketBeat.com Staff

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Ciena (CIEN) Financials

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