Annuncio • Mar 11
Quantum Computing Inc. and Ciena Announces Joint Demonstration of Next-Generation Quantum Secure Communications At OFC 2026 Quantum Computing Inc. and Ciena announced a joint demonstration of next-generation quantum secure communications at OFC 2026 in the Corporate Village Booth #5355. The live demonstration showcases a comprehensive security architecture integrating quantum key distribution, quantum authentication, classical authentication, and high-performance AES-256-GCM optical encryption. The solution is designed to address both current cybersecurity threats and future risks posed by quantum computers running Shor's algorithm by combining optical-layer encryption with quantum-secure and post-quantum cryptographic techniques. The demonstration showcases how Ciena's Waveserver platform protects critical data at scale with optical AES-256-GCM encryption scaling up to 1.6 Tb/s that supports NIST-certified post-quantum cryptography algorithms and seamless third-party QKD system interworking using an ETSI-standard API. QCi's system features a time-frequency entanglement-based QKD architecture using telecom-band photons for enhanced deployment stability. The solution can be augmented with Quantum Identity Authentication using Quantum Zero Knowledge Proof (QZEK-P), a hardware-based implementation of QCi's proprietary technology recognized with the 2023 Edison Patent Award. The demonstration will be held in the Corporate Village at Booth #5355 and will require prior approval for viewing. Annuncio • Mar 06
Ciena Corporation Raised Earnings Guidance for the Fiscal Year 2026 Ciena Corporation raised earnings guidance for the fiscal year 2026. For the period, the company expects revenue in the range of $5.9 billion to $6.3 billion. Annuncio • Mar 05
Ciena Corporation Provides Earnings Guidance for the Second Quarter 2026 Ciena Corporation provided earnings guidance for the second quarter 2026. For the period, the company expects Revenue in the range of $1.5 billion plus or minus $50 million. Annuncio • Feb 25
Ciena Unveils Vesta 200 6.4T CPX Pluggable Optical Engine to Meet Data Center AI Demands Ciena announced that it is unveiling Vesta 200 6.4T CPX, the industry's highest-density, lowest-power pluggable CPO solution. Designed to reduce power consumption by up to 70%, the solution helps hyperscalers, cloud providers, and data center operators evolve their architectures to reliably address AI workloadsin both scale-out networks as well as next generation scale-up networks. Vesta 200 6.4T CPX provides more power-efficient optical interconnect and delivers the chip-edge density required for massive scale-up and scale-out networks on 200G/lane switches, XPUs, and NICs. Key features include: Ultra-high density: Achieves highest density pluggable CPO through Ciena’s internally developed co-optimized design, combined with unique 2D fiber interconnect technology. This enables compatibility with the smallest co-packaged copper connectors such as Samtec’s CPX and supports high-performance 200G/lane deployments in space-constrained NICs, XPU servers, and leading-edge 100T and next-generation 200T switches. Power reduction: Features retimer-free linear-drive operation, supporting a robust electrical loss budget of up to 20 dB from the host ASIC, enabling more flexible CPO architectures and saving up to 70% power versus traditional, retimed options. Superior reliability: Designed with ultra-high availability in mind, from high volume external light source to internally developed SiGe drivers and TIAs co-optimized with temperature-stable silicon photonics Mach-Zehnder–based transmitters, and high density standard CPX compression-free electrical connectors. New optical networking ecosystem: Provides access to an open, standards-based CPO ecosystem featuring a pluggable, CPX electrical interconnect and an IEEE802.3dj compliant optical interface enabling a flexible and diverse supply chain by promoting interoperability across multiple ASIC, optical, and electrical interconnect vendors. Annuncio • Feb 13
Ciena Corporation, Annual General Meeting, Mar 26, 2026 Ciena Corporation, Annual General Meeting, Mar 26, 2026. Annuncio • Feb 07
Ciena Corporation(NYSE:CIEN) dropped from Russell Small Cap Comp Value Index Ciena Corporation(NYSE:CIEN) dropped from Russell Small Cap Comp Value Index Annuncio • Feb 05
Ciena Corporation to Report Q1, 2026 Results on Mar 05, 2026 Ciena Corporation announced that they will report Q1, 2026 results Pre-Market on Mar 05, 2026 Annuncio • Dec 11
Ciena Corporation Provides Earnings Guidance for the First Quarter and Full Fiscal Year 2026 Ciena Corporation provided earnings guidance for the first quarter and full fiscal year 2026. For the quarter, the company
expects revenue in the range of $1.35 billion to $1.43 billion.
For the full year, the company expects Revenue in the range of $5.7 billion to $6.1 billion. Annuncio • Nov 13
Ciena Corporation to Report Q4, 2025 Results on Dec 11, 2025 Ciena Corporation announced that they will report Q4, 2025 results Pre-Market on Dec 11, 2025 Annuncio • Sep 22
Ciena Corporation (NYSE:CIEN) entered into a definitive agreement to acquire Nubis Communications, Inc. from a group of shareholders for $270 million. Ciena Corporation (NYSE:CIEN) entered into a definitive agreement to acquire Nubis Communications, Inc. from a group of shareholders for $270 million on September 22, 2025. Under the terms of the agreement, Ciena will acquire Nubis in an all-cash transaction for $270 million, subject to a customary purchase price adjustment mechanism for the amount of cash, debt, and net working capital of Nubis at closing, among other items. In addition, Ciena will enter into certain employee retention arrangements in connection with the transaction. The transaction has been approved by the boards of directors of both companies as well as Nubis’ shareholders. The transaction is expected to close during Ciena’s fiscal fourth quarter 2025 and is subject to customary closing conditions. Annuncio • Sep 04
Ciena Corporation Provides Earnings Guidance for the Fourth Quarter 2025 Ciena Corporation provided earnings guidance for the Fourth quarter 2025. For the period, The company expects to deliver revenue in a range of $1.24 billion to $1.32 billion. Annuncio • Aug 06
Ciena Corporation to Report Q3, 2025 Results on Sep 04, 2025 Ciena Corporation announced that they will report Q3, 2025 results Pre-Market on Sep 04, 2025 Annuncio • May 07
Ciena Corporation to Report Q2, 2025 Results on Jun 05, 2025 Ciena Corporation announced that they will report Q2, 2025 results Pre-Market on Jun 05, 2025 Annuncio • May 06
Windstream Wholesale and Ciena Complete WL6e Trial to Advance 800G Service Adoption Windstream Wholesale announced the successful completion of a industry-first trial of Ciena's WaveLogic 6 Extreme (WL6e) 2x1.2Tb with 3x800G Wave services. This milestone, achieved in collaboration with Ciena, represents a significant leap forward in optical network innovation. The trial took place over a 1,590-kilometer route from Virginia Beach to Jacksonville, Fla., utilizing Ciena's Reconfigurable Line System (RLS) deployed on Windstream Wholesale's unique high-capacity Beach Route. Windstream Wholesale is the first in the industry to trial 3x 800G services over mated WL6e wavelengths. This pioneering initiative showcased the ultra-long-haul and high client-side bandwidth capabilities of Ciena's WL6e technology to support multiple 800G Wave services beyond 1,590 kilometers without regeneration, offering transformative benefits for ultra-long-haul applications. This technological advancement is poised to meet the requirements of forthcoming multiple 800G service demands, on top of the existing large demands for Nx400G services. The successful deployment of Ciena's W L6e technology promises several advantages for Windstream Wholesale's customers, including enhanced connectivity solutions with greater scalability, flexibility, and reliability. This innovation is particularly beneficial for high-bandwidth applications, supporting emerging business needs and driving future sales of Nx800G services. Windstream Wholesale plans to begin selling 800G Wave services in the second half of 2025 over its Intelligent Converged Optical Network backbone. Annuncio • Apr 16
Windstream Wholesale and Ciena Boost 400G Network Capacity in the Southeast Windstream Wholesale announce a significant infrastructure enhancement and network overbuild between Houston, Texas, and Tallahassee, Fla. Utilizing cutting-edge Ciena this collaboration promises to deliver increased capacity, enhanced service capabilities, and improved network efficiency. This also enables Windstream Wholesale to offer 400G services over diverse routes to customers as well as future 800G services along this unique Gulf route. Windstream Wholesale is already taking service orders for this network expansion, which is designed to meet the surging demand for high-speed, reliable connectivity. By enabling 400G service, this project not only offers diverse routes between Texas and the Southeast but also enables Windstream Wholesale to support a growing customer base with robust, future-ready connectivity options. As Texas experiences explosive growth in AI technologies, their enhanced infrastructure is strategically equipped to support the increasing bandwidth demands of AI-driven innovations across the region. This project allows Windstream Wholesale to better accommodate diverse customer needs and strengthen service resilience. The integration of in-line Optical Time-Domain Reflectometer (OTDR) monitoring capabilities in Ciena’s Reconfigurable Line System (RLS) allows for quicker resolution of network issues, reducing downtime and improving the Windstream Wholesale commitment to service quality. This overbuild represents a strategic investment in Windstream Wholesale’s infrastructure, reflecting commitment to innovation and excellence in network solutions. The use of Ciena’s RLS provides the ability for Windstream Wholesale to gain the greatest operational efficiencies and cost effectiveness along this route. This long-term commitment to enhancing network will mean fewer required regeneration points (regens) along the route. This efficiency will create a better cost structure and therefore competitive rates for services. In addition, Ciena’s RLS allows Windstream Wholesale to provision express locations remotely integrating multiple ROADM segments, which reduces provisioning time and minimizes truck rolls. By expanding capacity and enhancing service capabilities, Windstream Wholesale can provide top-tier networking solutions for enterprise and wholesale customers. Annuncio • Mar 26
Ciena Brings Data Center Connectivity Innovations to OFC 2025 At OFC 2025, occurring March 30 to April 3 in San Francisco, Ciena will showcase in booth #2443 industry-first coherent optical and IMDD technologies that bring new levels of scalability and flexibility to data center designs. A recent Ciena global survey found that data center experts anticipate at least a sixfold increase in DCI bandwidth demand over the next five years, requiring new levels of scalability. To address this challenge, Ciena, the established leader in high-speed optical innovation, is bringing its expertise to high-performance interconnects--the pluggables and components required to support growth in cloud and AI traffic. Ciena will break new ground with the following live demonstrations of industry-first technologies: 1.6T Coherent-Lite: Featuring Ciena's 224G SerDes, 1.6T Coherent -Lite provides robustness and a higher loss budget at a comparable power consumption to IMDD, supporting the scale and flexibility needed for data center and campus applications. Paving the way to 3.2T interconnects: Only Ciena has 448Gb/s PAM4 working in silicon, powered by Ciena's ultra-high-bandwidth DAC (digital-to-analog) and ADC (analog-to-digital) converters implemented in low-power 3nm CMOS. Electrical PAM4 transmission will be shown in OIF booth #5745, and optical PAM4IMDD transmission will be demonstrated in Ciena's booth. OIF Unites Interoperability and Innovation at OFC 2025: Driving Industry Progress in Performance, Efficiency and capacity for Future-Oriented Data Centers. OIF continues to lead the charge in advancing interoperability, with 35 member companies at OFC 2025 showcasing innovative solutions that redefine performance, efficiency and capacity. The work being demonstrated--including 800ZR, 400ZR+, Multi-span optics, EEI & Co-Packaging, Common Electrical I/O (CEI) CEI-448G, CEI-224G & CEI-112G and CMIS--is collectively enabling the industry to move forward toward future-oriented data centers andaying the foundation for hyperscalers to scale AI networks seamlessly. Visit OIF at booth #5745 to experience these solutions live. Annuncio • Feb 14
Ciena Corporation, Annual General Meeting, Mar 27, 2025 Ciena Corporation, Annual General Meeting, Mar 27, 2025. Annuncio • Feb 11
Ciena Corporation to Report Q1, 2025 Results on Mar 11, 2025 Ciena Corporation announced that they will report Q1, 2025 results Pre-Market on Mar 11, 2025 Recent Insider Transactions • Jan 10
Independent Director recently sold €1.4m worth of stock On the 6th of January, Bruce Claflin sold around 17k shares on-market at roughly €81.77 per share. This transaction amounted to 41% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.6m more than they bought in the last 12 months. Board Change • Dec 30
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 11 highly experienced directors. Independent Director Joanne Olsen was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Annuncio • Dec 12
Ciena Corporation Announces Board Changes Ciena Corporation announced the appointment of Lawton W. Fitt as independent Chair of Ciena's Board of Directors, effective December 11, 2024. Concurrently, Patrick H. Nettles, Ph.D., stepped down as Executive Chair, in connection with his decision not to stand for re-election at the end of his term at Ciena’s 2025 Annual Meeting of Stockholders, at which time he will retire. Dr. Nettles will continue in his role as a member of Ciena’s Board of Directors until that time and provide support to Ms. Fitt in her transition. Lawton W. Fitt brings significant professional experience as well as a deep familiarity with Ciena's strategy, business, and technology. She has served as a Director of Ciena since November 2000, and as chair of Ciena’s Audit Committee from October 2004 through the end of December 2024. From October 2002 to March 2005, Ms. Fitt served as Director of the Royal Academy of Arts in London. From 1979 to October 2002, Ms. Fitt was an investment banker with Goldman Sachs & Co., where she was a partner from 1994, and a managing director from 1996 to October 2002. Ms. Fitt holds a bachelor of arts degree from Brown University and a M.B.A. degree from the Darden School of Business at the University of Virginia. She also currently serves on the board of directors of The Carlyle Group, L.P. and The Progressive Corporation, and previously of Thomson Reuters. Joining Ciena in 1994 in its infancy, Dr. Nettles has served the Company with distinction for thirty years and played a leading role in the evolution and growth of the business into an industry leader. He has served as Ciena's Executive Chair of the Board of Directors since May 2001. From October 2000 to May 2001, Dr. Nettles was Chair of the Board of Directors and Chief Executive Officer of Ciena, and he was President and Chief Executive Officer from April 1994 to October 2000. Annuncio • Nov 13
Ciena Corporation to Report Q4, 2024 Results on Dec 12, 2024 Ciena Corporation announced that they will report Q4, 2024 results at 9:30 AM, US Eastern Standard Time on Dec 12, 2024 Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €69.00, the stock trades at a forward P/E ratio of 52x. Average forward P/E is 19x in the Communications industry in Europe. Total returns to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €100 per share. Annuncio • Oct 02
Ciena Corporation (NYSE:CIEN) announces an Equity Buyback for $1,000 million worth of its shares. Ciena Corporation (NYSE:CIEN) announces a share repurchase program. Under the program, the company will repurchase $1,000 million worth of shares. The share repurchase program will be funded with cash on hand or cash generated from operations. The program will run through the end of fiscal year 2027. Reported Earnings • Sep 06
Third quarter 2024 earnings released: EPS: US$0.099 (vs US$0.20 in 3Q 2023) Third quarter 2024 results: EPS: US$0.099 (down from US$0.20 in 3Q 2023). Revenue: US$942.3m (down 12% from 3Q 2023). Net income: US$14.2m (down 52% from 3Q 2023). Profit margin: 1.5% (down from 2.8% in 3Q 2023). Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Communications industry in Europe. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Annuncio • Sep 04
Ciena Corporation Announces Retirement of James E. Moylan, Jr as Chief Financial Officer, Effective August 28, 2025 Ciena Corporation announced that James E. Moylan, Jr., Chief Financial Officer (CFO), plans to retire in twelve months, effective August 28, 2025. Ciena intends to commence a search process to identify a successor. Mr. Moylan will continue to serve as CFO until a successor is in place and he will assist in the transition of his responsibilities. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €48.97, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 20x in the Communications industry in Europe. Total returns to shareholders of 6.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €94.33 per share. Annuncio • Aug 06
Ciena Corporation to Report Q3, 2024 Results on Sep 04, 2024 Ciena Corporation announced that they will report Q3, 2024 results Pre-Market on Sep 04, 2024 Reported Earnings • Jun 07
Second quarter 2024 earnings released: US$0.12 loss per share (vs US$0.39 profit in 2Q 2023) Second quarter 2024 results: US$0.12 loss per share (down from US$0.39 profit in 2Q 2023). Revenue: US$910.8m (down 20% from 2Q 2023). Net loss: US$16.8m (down 129% from profit in 2Q 2023). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Communications industry in Europe. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Annuncio • May 03
Ciena Corporation to Report Q2, 2024 Results on Jun 06, 2024 Ciena Corporation announced that they will report Q2, 2024 results Pre-Market on Jun 06, 2024 Reported Earnings • Mar 08
First quarter 2024 earnings released: EPS: US$0.34 (vs US$0.51 in 1Q 2023) First quarter 2024 results: EPS: US$0.34 (down from US$0.51 in 1Q 2023). Revenue: US$1.04b (down 1.8% from 1Q 2023). Net income: US$49.5m (down 35% from 1Q 2023). Profit margin: 4.8% (down from 7.2% in 1Q 2023). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Communications industry in Europe. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Annuncio • Feb 09
Ciena Corporation, Annual General Meeting, Mar 21, 2024 Ciena Corporation, Annual General Meeting, Mar 21, 2024, at 15:00 US Eastern Standard Time. Agenda: To consider ?elect four members of the Board of Directors from the nominees named in the accompanying proxy statement to serve as Class III directors for three-year terms ending in 2027, or until their respective successors are elected and qualified, and elect one director, previously appointed by the Board of Directors to fill a newly created vacancy in Class II, to serve as a Class II director for the remainder of her term ending in 2026, or until her successor is elected and qualified; to consider approve an amendment to the 2017 Omnibus Incentive Plan, including to increase the number of shares available for issuance thereunder by 10.1 million shares; and to consider other matters. Annuncio • Feb 07
Ciena Corporation to Report Q1, 2024 Results on Mar 07, 2024 Ciena Corporation announced that they will report Q1, 2024 results Pre-Market on Mar 07, 2024 Reported Earnings • Dec 08
Full year 2023 earnings released: EPS: US$1.71 (vs US$1.01 in FY 2022) Full year 2023 results: EPS: US$1.71 (up from US$1.01 in FY 2022). Revenue: US$4.39b (up 21% from FY 2022). Net income: US$254.8m (up 67% from FY 2022). Profit margin: 5.8% (up from 4.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Communications industry in Europe. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Annuncio • Nov 10
Ciena Corporation to Report Q4, 2023 Results on Dec 07, 2023 Ciena Corporation announced that they will report Q4, 2023 results Pre-Market on Dec 07, 2023 Annuncio • Oct 05
Ciena Corporation Appoints Dino Diperna and Brodie Gage to Executive Leadership Team Ciena(R) Corporation announced the promotion of Dino DiPerna and Brodie Gage to its Executive Leadership Team, reporting to President and CEO Gary Smith. The leadership appointments are designed to support Ciena's continued growth through market leadership in optical technologies, increasing opportunities in IP/Optical convergence, and addressable market expansion in next-generation metro and edge applications. DiPerna becomes Ciena's Senior Vice President of Global Research & Development (R&D). In this role, he will direct the development of the company's portfolio of Converged Packet Optical, Network Control and Planning, and Routing and Switching products and solutions. DiPerna most recently served as Ciena's Vice President of R&D for the company's optical product portfolio, which includes the WaveLogic(TM) coherent technology. He joined Ciena in 2010 through its acquisition of Nortel's optical business, where he held senior engineering roles for more than two decades. DiPerna has a bachelor's degree in Electrical Engineering from McGill University. Gage becomes Ciena's Senior Vice President of Global Products and Supply Chain. He will oversee several critical functions, including Product Line Management, Global Supply Chain, and Solutions, Engineering, and Introduction (SE&I). Gage most recently served as Ciena's Vice President of Product Line Management and Solutions since also joining the company in 2010. He previously held global leadership roles across engineering, marketing, business development, and product line management at Nortel. Gage earned a bachelor's degree in Electrical Engineering from McGill University. After 38 years in operational leadership roles at Nortel and Ciena, most recently as Senior Vice President of Ciena's Global Products & Services organization, Scott McFeely has decided to transition to an advisory role on the company's Executive Leadership Team, continuing to report to Gary Smith. Annuncio • Sep 01
Ciena Appoints Mary G. Puma to its Board of Directors Ciena announced that Mary G. Puma has been appointed to its Board of Directors, effective immediately. Ms. Puma previously served as President and Chief Executive Officer of Axcelis Technologies Inc., from January 2002 to May 2023. Prior to becoming CEO of Axcelis, she served as its President and Chief Operating Officer from July 2000. In 1998, she became General Manager and Vice President of the company’s predecessor, the Implant Systems Division of Eaton Corporation. Prior to joining Eaton in 1996, Ms. Puma spent 15 years in various marketing and general management positions at General Electric. Ms. Puma has served as Executive Chairperson of the Board of Directors at Axcelis since May 2023, and previously served as Chairperson of the Board from 2005 to 2015. She is also a director of Nordson Corporation and SMART Global Holdings and, since December 2022, has been Chairperson of the Board of SEMI. Ms. Puma holds a Bachelor of Arts degree in economics from Tufts University and a Master of Science degree from the MIT Sloan School of Management. Reported Earnings • Sep 01
Third quarter 2023 earnings released: EPS: US$0.20 (vs US$0.07 in 3Q 2022) Third quarter 2023 results: EPS: US$0.20 (up from US$0.07 in 3Q 2022). Revenue: US$1.07b (up 23% from 3Q 2022). Net income: US$29.7m (up 183% from 3Q 2022). Profit margin: 2.8% (up from 1.2% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Communications industry in Europe. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Annuncio • Aug 04
Ciena Corporation to Report Q3, 2023 Results on Aug 31, 2023 Ciena Corporation announced that they will report Q3, 2023 results Pre-Market on Aug 31, 2023 Reported Earnings • Jun 06
Second quarter 2023 earnings released: EPS: US$0.39 (vs US$0.26 in 2Q 2022) Second quarter 2023 results: EPS: US$0.39 (up from US$0.26 in 2Q 2022). Revenue: US$1.13b (up 19% from 2Q 2022). Net income: US$57.7m (up 48% from 2Q 2022). Profit margin: 5.1% (up from 4.1% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Communications industry in Europe. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Annuncio • May 10
Ciena Corporation to Report Q2, 2023 Results on Jun 06, 2023 Ciena Corporation announced that they will report Q2, 2023 results Pre-Market on Jun 06, 2023 Reported Earnings • Mar 07
First quarter 2023 earnings released: EPS: US$0.51 (vs US$0.30 in 1Q 2022) First quarter 2023 results: EPS: US$0.51 (up from US$0.30 in 1Q 2022). Revenue: US$1.06b (up 25% from 1Q 2022). Net income: US$76.2m (up 66% from 1Q 2022). Profit margin: 7.2% (up from 5.4% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Communications industry in Europe. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Annuncio • Feb 17
Ciena Corporation, Annual General Meeting, Mar 30, 2023 Ciena Corporation, Annual General Meeting, Mar 30, 2023, at 15:00 US Eastern Standard Time. Agenda: To elect two members of the Board of Directors from the nominees named in the accompanying proxy statement to serve as Class II directors for three-year terms ending in 2026, or until their respective successors are elected and qualified; to consider Ratify the appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for fiscal 2023; to consider Conduct an advisory vote on our named executive officer compensation, as described in these proxy materials; to consider Conduct an advisory vote on the frequency of future stockholder advisory votes on named executive officer compensation; to consider and act upon such other business as may properly come before the Annual Meeting or any adjournment or postponement thereof. Annuncio • Feb 09
Ciena Corporation to Report Q1, 2023 Results on Mar 06, 2023 Ciena Corporation announced that they will report Q1, 2023 results Pre-Market on Mar 06, 2023 Reported Earnings • Dec 09
Full year 2022 earnings released: EPS: US$1.01 (vs US$3.22 in FY 2021) Full year 2022 results: EPS: US$1.01 (down from US$3.22 in FY 2021). Revenue: US$3.63b (flat on FY 2021). Net income: US$152.9m (down 69% from FY 2021). Profit margin: 4.2% (down from 14% in FY 2021). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Communications industry in Europe. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 11 highly experienced directors. Member of Government Advisory Board David Peed was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Oct 29
Investor sentiment improved over the past week After last week's 15% share price gain to €47.83, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 19x in the Communications industry in Europe. Total returns to shareholders of 47% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €77.68 per share. Reported Earnings • Sep 02
Third quarter 2022 earnings released: EPS: US$0.07 (vs US$1.53 in 3Q 2021) Third quarter 2022 results: EPS: US$0.07 (down from US$1.53 in 3Q 2021). Revenue: US$868.0m (down 12% from 3Q 2021). Net income: US$10.5m (down 96% from 3Q 2021). Profit margin: 1.2% (down from 24% in 3Q 2021). The decrease in margin was primarily driven by higher expenses. Over the next year, revenue is forecast to grow 8.1%, compared to a 8.5% growth forecast for the Communications industry in Germany. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jul 26
CEO, President & Director recently sold €171k worth of stock On the 20th of July, Gary Smith sold around 4k shares on-market at roughly €48.23 per share. This was the largest sale by an insider in the last 3 months. Gary has been a seller over the last 12 months, reducing personal holdings by €326k. Recent Insider Transactions • Jul 09
CEO, President & Director recently sold €155k worth of stock On the 5th of July, Gary Smith sold around 4k shares on-market at roughly €43.78 per share. This was the largest sale by an insider in the last 3 months. This was Gary's only on-market trade for the last 12 months. Reported Earnings • Jun 04
Second quarter 2022 earnings released: EPS: US$0.26 (vs US$0.66 in 2Q 2021) Second quarter 2022 results: EPS: US$0.26 (down from US$0.66 in 2Q 2021). Revenue: US$949.2m (up 14% from 2Q 2021). Net income: US$38.9m (down 62% from 2Q 2021). Profit margin: 4.1% (down from 12% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 5.5%, compared to a 7.3% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 11 highly experienced directors. Member of Government Advisory Board David Peed was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Mar 08
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: US$0.30 (down from US$0.36 in 1Q 2021). Revenue: US$844.4m (up 12% from 1Q 2021). Net income: US$45.8m (down 17% from 1Q 2021). Profit margin: 5.4% (down from 7.3% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 12%, compared to a 6.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Dec 29
Insider recently sold €535k worth of stock On the 22nd of December, Scott McFeely sold around 8k shares on-market at roughly €66.82 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €626k more than they bought in the last 12 months. Reported Earnings • Dec 12
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$3.22 (up from US$2.34 in FY 2020). Revenue: US$3.62b (up 2.5% from FY 2020). Net income: US$500.2m (up 38% from FY 2020). Profit margin: 14% (up from 10% in FY 2020). The increase in margin was primarily driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 12%, compared to a 4.2% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improved over the past week After last week's 17% share price gain to €63.22, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 23x in the Communications industry in Europe. Total returns to shareholders of 100% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €85.89 per share. Reported Earnings • Sep 05
Third quarter 2021 earnings released: EPS US$1.53 (vs US$0.92 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$988.1m (up 1.2% from 3Q 2020). Net income: US$238.2m (up 68% from 3Q 2020). Profit margin: 24% (up from 15% in 3Q 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 22% per year. Reported Earnings • Jun 05
Second quarter 2021 earnings released: EPS US$0.66 (vs US$0.60 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: US$833.9m (down 6.7% from 2Q 2020). Net income: US$103.1m (up 13% from 2Q 2020). Profit margin: 12% (up from 10% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings. Recent Insider Transactions • Mar 20
Insider recently sold €91k worth of stock On the 15th of March, Scott McFeely sold around 2k shares on-market at roughly €45.72 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €339k more than they bought in the last 12 months. Analyst Estimate Surprise Post Earnings • Mar 05
Revenue beats expectations Revenue exceeded analyst estimates by 1.0%. Over the next year, revenue is forecast to grow 6.0%, compared to a 1.9% growth forecast for the Communications industry in Germany. Reported Earnings • Mar 05
First quarter 2021 earnings released: EPS US$0.36 (vs US$0.40 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$757.1m (down 9.1% from 1Q 2020). Net income: US$55.3m (down 11% from 1Q 2020). Profit margin: 7.3% (down from 7.5% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 10
New 90-day high: €46.46 The company is up 28% from its price of €36.22 on 11 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €65.20 per share. Is New 90 Day High Low • Jan 15
New 90-day high: €43.99 The company is up 24% from its price of €35.57 on 16 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Communications industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €62.41 per share. Is New 90 Day High Low • Dec 29
New 90-day high: €43.98 The company is up 28% from its price of €34.36 on 30 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €63.76 per share. Reported Earnings • Dec 20
Full year 2020 earnings released: EPS US$2.34 The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: US$3.53b (down 1.1% from FY 2019). Net income: US$361.3m (up 43% from FY 2019). Profit margin: 10% (up from 7.1% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Dec 20
Revenue beats expectations Revenue exceeded analyst estimates by 0.06%. Over the next year, revenue is forecast to grow 1.2%, compared to a 1.9% growth forecast for the Communications industry in Germany. Reported Earnings • Dec 12
Full year 2020 earnings released: EPS US$2.34 The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: US$3.53b (down 1.1% from FY 2019). Net income: US$361.3m (up 43% from FY 2019). Profit margin: 10% (up from 7.1% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Dec 12
Revenue beats expectations Revenue exceeded analyst estimates by 0.06%. Over the next year, revenue is forecast to grow 1.2%, compared to a 2.0% growth forecast for the Communications industry in Germany. Is New 90 Day High Low • Dec 05
New 90-day high: €38.70 The company is up 6.0% from its price of €36.52 on 04 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €47.57 per share. Is New 90 Day High Low • Oct 29
New 90-day low: €32.96 The company is down 35% from its price of €51.04 on 30 July 2020. The German market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €56.82 per share. Is New 90 Day High Low • Sep 19
New 90-day low: €34.56 The company is down 26% from its price of €46.71 on 19 June 2020. The German market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €58.62 per share.