Ciena (CIEN) Financials

$72.77 -0.14 (-0.19%)

Closing price 05/6/2025 03:59 PM Eastern

Extended Trading

$72.64 -0.13 (-0.18%)

As of 05/6/2025 06:14 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	10/31/2015	10/31/2016	10/31/2017	11/3/2018	11/2/2019	10/31/2020	10/30/2021	10/29/2022	10/28/2023	11/2/2024
Net Income / (Loss) Attributable to Common Shareholders	12	73	1,262	-345	278	361	500	153	255	84
Consolidated Net Income / (Loss)	12	73	1,262	-345	253	361	500	153	255	84
Net Income / (Loss) Continuing Operations	12	73	1,262	-345	278	361	500	153	255	84
Total Pre-Tax Income	24	87	156	149	338	456	463	183	324	120
Total Operating Income	100	156	215	230	347	487	495	223	358	167
Total Gross Profit	1,076	2,601	1,246	1,315	1,542	1,653	1,722	1,560	1,879	1,720
Total Revenue	2,446	2,601	2,802	3,094	3,572	3,532	3,621	3,633	4,387	4,015
Operating Revenue	2,446	2,601	2,802	3,094	3,572	3,532	3,621	3,633	4,387	4,015
Total Cost of Revenue	1,370	0.00	1,556	1,780	2,030	1,879	1,899	2,072	2,508	2,295
Operating Cost of Revenue	1,370	-	1,556	1,780	2,030	1,879	1,899	2,072	2,508	2,295
Total Operating Expenses	975	2,444	1,031	1,085	1,171	1,166	1,227	1,338	1,521	1,553
Selling, General & Admin Expense	123	133	143	160	174	170	182	179	215	221
Marketing Expense	334	350	356	394	423	416	452	467	491	511
Research & Development Expense	414	452	475	492	548	530	537	625	751	767
Amortization Expense	70	62	33	16	22	23	24	33	37	30
Restructuring Charge	34	9.55	24	23	3.37	27	32	34	27	25
Total Other Income / (Expense), net	-77	-69	-59	-81	-34	-31	-33	-40	-34	-47
Interest Expense	51	57	60	69	37	32	31	47	96	97
Interest & Investment Income	-	-	0.91	-12	3.88	0.96	-1.77	6.75	62	50
Income Tax Expense	12	14	-1,106	493	60	95	-37	30	69	36
Basic Earnings per Share	$0.10	$0.52	$8.89	($2.40)	$1.63	$2.34	$3.22	$1.01	$1.71	$0.58
Weighted Average Basic Shares Outstanding	118.42M	138.31M	142.00M	143.74M	155.72M	154.29M	155.28M	151.21M	148.97M	144.72M
Diluted Earnings per Share	$0.10	$0.51	$7.53	($2.49)	$1.61	$2.32	$3.19	$1.00	$1.71	$0.58
Weighted Average Diluted Shares Outstanding	120.10M	150.70M	169.92M	143.74M	157.61M	155.96M	156.74M	152.19M	149.38M	145.96M
Weighted Average Basic & Diluted Shares Outstanding	116.70M	139.60M	142M	143.60M	155.50M	154.56M	154.88M	148.42M	144.83M	142.12M

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

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

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

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

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

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

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

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

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

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

Frequently Asked Questions About Ciena's Financials

When does Ciena's financial year end?

According to the most recent income statement we have on file, Ciena's fiscal year ends in November. Their fiscal 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. Check out Ciena's forecast to explore projected trends and price targets.

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 5/7/2025 by MarketBeat.com Staff

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Ciena (CIEN) Financials

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