Ciena Management

Management criteria checks 2/4

Ciena's CEO is Gary Smith, appointed in May 2001, has a tenure of 22.92 years. total yearly compensation is $15.43M, comprised of 6.5% salary and 93.5% bonuses, including company stock and options. directly owns 0.12% of the company’s shares, worth €7.53M. The average tenure of the management team and the board of directors is 13.6 years and 16.3 years respectively.

Key information

Gary Smith

Chief executive officer

US$15.4m

Total compensation

CEO salary percentage	6.5%
CEO tenure	22.9yrs
CEO ownership	0.1%
Management average tenure	13.6yrs
Board average tenure	16.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Gary Smith's remuneration changed compared to Ciena's earnings?
Date	Total Compensation	Salary	Company Earnings
Jan 27 2024	n/a	n/a	US$228m
Oct 28 2023	n/a	n/a	US$255m
Jul 29 2023	n/a	n/a	US$221m
Apr 29 2023	n/a	n/a	US$202m
Jan 28 2023	n/a	n/a	US$183m
Oct 29 2022	n/a	n/a	US$153m
Jul 30 2022	n/a	n/a	US$199m
Apr 30 2022	n/a	n/a	US$426m
Jan 29 2022	n/a	n/a	US$491m
Oct 30 2021	n/a	n/a	US$500m
Jul 31 2021	n/a	n/a	US$462m
May 01 2021	n/a	n/a	US$366m
Jan 30 2021	n/a	n/a	US$354m
Oct 31 2020	US$11m	US$988k	US$361m
Aug 01 2020	n/a	n/a	US$377m
May 02 2020	n/a	n/a	US$321m
Feb 01 2020	n/a	n/a	US$282m
Nov 02 2019	n/a	n/a	US$253m
Aug 03 2019	n/a	n/a	US$237m
May 04 2019	n/a	n/a	US$201m
Jan 31 2019	n/a	n/a	US$162m
Nov 03 2018	n/a	n/a	-US$345m
Jul 31 2018	n/a	n/a	US$751m
Apr 30 2018	n/a	n/a	US$761m
Jan 31 2018	n/a	n/a	US$785m

Compensation vs Market: Gary's total compensation ($USD15.43M) is above average for companies of similar size in the German market ($USD3.42M).

Compensation vs Earnings: Gary's compensation has increased by more than 20% in the past year.

CEO

Gary Smith (63 yo)

22.9yrs

Tenure

US$15,431,410

Compensation

Mr. Gary B. Smith has been Principal Executive Officer of Cyan, Inc. since August 3, 2015. Mr. Smith serves as the Chief Executive Officer and President of Ciena Corporation since May 2001. He served as th...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Gary Smith	CEO, President & Director	22.9yrs	US$15.43m	0.12% $ 7.5m
James Moylan	Senior VP of Finance & CFO	16.3yrs	US$4.37m	0.22% $ 13.9m
Jason Phipps	Senior Vice President of Global Customer Engagement	no data	US$3.90m	0.027% $ 1.7m
David Rothenstein	Senior VP	15.4yrs	US$3.64m	0.16% $ 9.8m
Patrick Nettles	Executive Chairman of the Board	30yrs	US$381.67k	0.11% $ 7.1m
Stephen Alexander	CTO & Member of Technology Advisory Council	25.6yrs	US$1.81m	0.049% $ 3.1m
Gregg Lampf	Vice President of Investor Relations	13.6yrs	no data	no data
Sheela Kosaraju	Senior VP	1.3yrs	no data	0.032% $ 2.0m
Rebecca Smith	Senior VP of Global Marketing & Communications	1.3yrs	no data	no data
Joseph Cumello	Senior VP & GM of Blue Planet	1.3yrs	no data	0.0070% $ 442.3k
Rodney Wilson	Chief Technologist of Research Networks	no data	no data	no data
Dion Leung	Regional Managing Director of Asia	5.8yrs	no data	no data

13.6yrs

Average Tenure

59yo

Average Age

Experienced Management: CIE1's management team is seasoned and experienced (13.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Gary Smith	CEO, President & Director	23.5yrs	US$15.43m	0.12% $ 7.5m
Patrick Nettles	Executive Chairman of the Board	30yrs	US$381.67k	0.11% $ 7.1m
Stephen Alexander	CTO & Member of Technology Advisory Council	19yrs	US$1.81m	0.049% $ 3.1m
Bruce Claflin	Independent Director	17.7yrs	US$325.67k	0.028% $ 1.8m
Lawton Fitt	Independent Director	23.4yrs	US$335.00k	0.0027% $ 171.4k
Kenneth Minihan	Member of Government Advisory Board	18.8yrs	no data	no data
Patrick Gallagher	Lead Independent Director	14.9yrs	US$360.67k	0.034% $ 2.1m
David Peed	Member of Government Advisory Board	8.1yrs	no data	no data
John Breen	Member of Partner Advisory Council	14.9yrs	no data	no data
Carlos Busso	Member of Partner Advisory Council	14.9yrs	no data	no data
Kevin Delane	Member of Partner Advisory Council	14.9yrs	no data	no data
Joanne Olsen	Independent Director	5.5yrs	US$331.00k	0.021% $ 1.3m

16.3yrs

Average Tenure

69yo

Average Age

Experienced Board: CIE1's board of directors are seasoned and experienced ( 16.3 years average tenure).

Ciena Management

Management criteria checks 2/4

Key information

Recent management updates

Ciena Corporation, Annual General Meeting, Mar 21, 2024

Ciena Corporation Appoints Dino Diperna and Brodie Gage to Executive Leadership Team

Ciena Appoints Mary G. Puma to its Board of Directors

Ciena Corporation, Annual General Meeting, Mar 30, 2023

Ciena Corporation Announces Executive Changes, Effective from January 30, 2023

Insufficient new directors

Recent updates

First quarter 2024 earnings released: EPS: US$0.34 (vs US$0.51 in 1Q 2023)

Ciena Corporation, Annual General Meeting, Mar 21, 2024

Ciena Corporation to Report Q1, 2024 Results on Mar 07, 2024

Full year 2023 earnings released: EPS: US$1.71 (vs US$1.01 in FY 2022)

Ciena Corporation to Report Q4, 2023 Results on Dec 07, 2023

Ciena Corporation Appoints Dino Diperna and Brodie Gage to Executive Leadership Team

Ciena Appoints Mary G. Puma to its Board of Directors

Third quarter 2023 earnings released: EPS: US$0.20 (vs US$0.07 in 3Q 2022)

Ciena Corporation to Report Q3, 2023 Results on Aug 31, 2023

Second quarter 2023 earnings released: EPS: US$0.39 (vs US$0.26 in 2Q 2022)

Ciena Corporation to Report Q2, 2023 Results on Jun 06, 2023

First quarter 2023 earnings released: EPS: US$0.51 (vs US$0.30 in 1Q 2022)

Ciena Corporation, Annual General Meeting, Mar 30, 2023

Ciena Corporation to Report Q1, 2023 Results on Mar 06, 2023

Ciena Corporation Announces Executive Changes, Effective from January 30, 2023

Full year 2022 earnings released: EPS: US$1.01 (vs US$3.22 in FY 2021)

Ciena Corporation (NYSE:CIEN) acquired Benu Networks, Inc.

Insufficient new directors

Ciena Corporation to Report Fiscal Year 2022 Results on Dec 08, 2022

Investor sentiment improved over the past week

C&W Networks Upgrades CFX-1 and EWC Submarine Cables with Ciena

Third quarter 2022 earnings released: EPS: US$0.07 (vs US$1.53 in 3Q 2021)

Ciena Corporation to Report Q3, 2022 Results on Sep 01, 2022

CEO, President & Director recently sold €171k worth of stock

CEO, President & Director recently sold €155k worth of stock

Second quarter 2022 earnings released: EPS: US$0.26 (vs US$0.66 in 2Q 2021)

Ciena Corporation to Report Q2, 2022 Results on Jun 02, 2022

Insufficient new directors

First quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Ciena Corporation Provides Revenue Guidance for the Year 2022

Insider recently sold €535k worth of stock

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Investor sentiment improved over the past week

Ciena Corporation (NYSE:CIEN) announces an Equity Buyback for $1,000 million worth of its shares.

Third quarter 2021 earnings released: EPS US$1.53 (vs US$0.92 in 3Q 2020)

Ciena Corporation (NYSE:CIEN) entered into a definitive agreement to acquire Vyatta virtual routing and switching technology from AT&T Inc. (NYSE:T).

Ciena Corporation Provides Earnings Guidance for the Third Quarter and for the Full Year of 2021

Second quarter 2021 earnings released: EPS US$0.66 (vs US$0.60 in 2Q 2020)

Insider recently sold €91k worth of stock

Revenue beats expectations

First quarter 2021 earnings released: EPS US$0.36 (vs US$0.40 in 1Q 2020)

Matsusaka CATV to Increase Capacity by 40-Fold with Ciena Corporation

Ciena Corporation, Annual General Meeting, Apr 01, 2021

Xiber Deploys Ciena’s Adaptive IP Solution to Virtualize Network for Leading Retail Chain

New 90-day high: €46.46

Southern Cross Selects Ciena Corporation to Enhance NEXT Cable Amid Global Bandwidth Boom

Ciena Improves Network Connectivity in Vietnam With FPT Telecom

Ciena Corporation(NYSE:CIEN) dropped from Russell 2000 Dynamic Index

TekSavvy Selects Ciena for Deployment of New Broadband Infrastructure Through Southwestern Ontario

New 90-day high: €43.99

Ciena to Upgrade Its Wireline Network to Support New and Emerging 5G Services and Applications

New 90-day high: €43.98

Full year 2020 earnings released: EPS US$2.34

Revenue beats expectations

Full year 2020 earnings released: EPS US$2.34

Revenue beats expectations

New 90-day high: €38.70

Hawaiki Submarine Cable Lp Announces That It Will Deploy Ciena’S Wavelogic™ 5 Extreme Technology

Ciena Corporation to Report Q4, 2020 Results on Dec 10, 2020

Blue Planet Selected by BT to Enhance End User Digital Experience for Global Customers

New 90-day low: €32.96

New 90-day low: €34.56

Third quarter earnings released

Third quarter earnings released

New 90-day low - €38.79

Ciena Corporation to Report Q3, 2020 Results on Sep 03, 2020

New 90-day high - €51.04

CEO Compensation Analysis

CEO