Ciena Corp (CIEN) Files 10-K for the Fiscal Year Ended on October 31, 2017

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Ciena Corp (CIEN) files its latest 10-K with SEC for the fiscal year ended on October 31, 2017. Ciena Corp provides telecommunication equipment. Its products include equipment that supports voice, video and data traffic on communications networks. Ciena Corp has a market cap of $3.08 billion; its shares were traded at around $21.62 with a P/E ratio of 2.72 and P/S ratio of 1.23. Ciena Corp had annual average EBITDA growth of 29.60% over the past five years.


For the last quarter Ciena Corp reported a revenue of $744.4 million, compared with the revenue of $716.2 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $2.8 billion, an increase of 7.7% from last year. For the last five years Ciena Corp had an average revenue growth rate of 8.5% a year.

The reported diluted earnings per share was $7.53 for the year, an increase of 1376.5% from previous year. The Ciena Corp had an operating margin of 7.66%, compared with the operating margin of 6.01% a year before. The 10-year historical median operating margin of Ciena Corp is 0.96%. The profitability rank of the company is 4 (out of 10).

At the end of the fiscal year, Ciena Corp has the cash and cash equivalents of $640.5 million, compared with $777.6 million in the previous year. The long term debt was $583.7 million, compared with $1 billion in the previous year. The interest coverage to the debt is 3.8. Ciena Corp has a financial strength rank of 6 (out of 10).

At the current stock price of $21.62, Ciena Corp is traded at close to its historical median P/S valuation band of $20.91. The P/S ratio of the stock is 1.23, while the historical median P/S ratio is 1.19. The stock lost 12.86% during the past 12 months.

CEO Recent Trades:

  • PRESIDENT, CEO Gary B Smith sold 8,000 shares of CIEN stock on 12/15/2017 at the average price of $21.38. The price of the stock has increased by 1.12% since.

CFO Recent Trades:

  • SVP Finance, CFO James E Jr Moylan sold 2,000 shares of CIEN stock on 12/14/2017 at the average price of $21.54. The price of the stock has increased by 0.37% since.

  • SVP Finance, CFO James E Jr Moylan sold 2,000 shares of CIEN stock on 11/30/2017 at the average price of $21.46. The price of the stock has increased by 0.75% since.

Directors and Officers Recent Trades:

  • Sr. VP, General Counsel David M Rothenstein sold 2,000 shares of CIEN stock on 12/15/2017 at the average price of $21.31. The price of the stock has increased by 1.45% since.

  • SVP, Networking Platforms Scott Mcfeely sold 1,000 shares of CIEN stock on 12/15/2017 at the average price of $21.31. The price of the stock has increased by 1.45% since.

  • Sr VP Chief Technology Officer Stephen B Alexander sold 2,500 shares of CIEN stock on 12/15/2017 at the average price of $21.31. The price of the stock has increased by 1.45% since.

For the complete 20-year historical financial data of CIEN, click here.

This article first appeared on GuruFocus.


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