CIENA CORP

Listed Company

CIENCIK 0000936395NYSELarge AcceleratedTelephone & Telegraph ApparatusMarylandFY ends Oct 31

Period

FY 2025

Revenue

$4.77B

Net Income

$123.34M

Total Assets

$5.86B

Equity

$2.73B

Shares Out

141.40M

Op. Cash Flow

$806.09M

Business

CIENA CORP is a network technology company providing hardware, software, and services to network operators to enable enhanced network capacity, service delivery, and automation. It offers Networking Platforms (Optical Networking and Routing and Switching), Platform Software including Navigator NCS, Blue Planet Automation Software, coherent pluggable transceivers, Waveserver systems, and a broad portfolio of complementary services for planning, deployment, maintenance, and transformation. Key business segments are Networking Platforms, Platform Software and Services, Blue Planet Automation Software and Services, and Global Services. The company sells globally to cloud providers, communications service providers, cable/MSOs, governments, research and education networks, and enterprises via direct and indirect channels and a global partner program.

Summary from filing dated 2025-12-12

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-10-31	FY 2024 2024-10-31	FY 2023 2023-10-31	FY 2022 2022-10-31	FY 2021 2021-10-31
Total revenue	4,770	4,015	4,387	3,633	3,621
Total cost of goods sold	2,765	2,295	2,508	2,072	1,899
Gross profit	2,005	1,720	1,879	1,560	1,722
Research and development	848	767	751	625	537
Selling and marketing	581	511	491	467	452
General and administrative	239	221	215	179	182
Significant asset impairments and restructuring costs	112	25	24	34	30
Amortization of intangible assets	26	30	37	33	24
Acquisition and integration costs	1	0	3	598,000	3
Total operating expenses	1,807	1,553	1,521	1,338	1,227
Income from operations	198	167	358	223	495
Interest and other income, net	49	50	62	7	−2
Interest expense	−89	−97	−88	−47	—
Loss on extinguishment and modification of debt	−729,000	0	−8	0	0
Income before income taxes	156	120	324	183	463
Provision for income taxes	33	36	69	30	−37
Net income	123	84	255	153	500
Basic net income per common share (in dollars per share)	0.87	0.58	1.71	1.01	3.22
Diluted net income per potential common share (in dollars per share)	0.85	0.58	1.71	1	3.19
Weighted average basic common shares outstanding (in shares)	142	145	149	151	155
Weighted average diluted potential common shares outstanding (in shares)	145	146	149	152	157

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-10-31	FY 2024 2024-10-31	FY 2023 2023-10-31	FY 2022 2022-10-31	FY 2021 2021-10-31
Cash and cash equivalents	1,092	935	1,011	994	1,423
Short-term investments	216	316	105	154	181
Accounts receivable, net	976	909	1,004	921	885
Inventories, net	826	820	1,051	947	374
Prepaid expenses and other	455	564	406	370	326
Total current assets	3,566	3,544	3,576	3,386	3,189
Long-term investments	57	81	134	35	70
Equipment, building, furniture and fixtures, net	387	338	280	268	285
Operating lease right-of-use assets	39	27	35	45	44
Goodwill	521	445	445	328	312
Other intangible assets, net	224	165	206	70	65
Deferred tax asset, net	885	886	809	824	800
Other long-term assets	186	155	116	114	100
Total assets	5,865	5,641	5,601	5,070	4,865
Accounts payable	543	423	318	516	356
Accrued liabilities and other short-term obligations	531	394	431	361	409
Deferred revenue	209	156	154	138	118
Operating lease liabilities	14	14	17	19	19
Current portion of long-term debt	12	12	12	7	7
Total current liabilities	1,308	1,000	932	1,041	909
Long-term deferred revenue	95	81	74	62	57
Other long-term obligations	175	186	170	150	167
Long-term operating lease liabilities	33	25	33	42	42
Long-term debt, net	1,524	1,533	1,543	1,061	670
Total liabilities	3,135	2,825	2,753	2,357	1,845
Commitments and contingencies (Note 26)	—	—	—	—	—
Preferred stock par value $0.01; 20,000,000 shares authorized; zero shares issued and outstanding	0	0	0	0	0
Common stock par value $0.01; 290,000,000 shares authorized; 141,016,300 and 142,656,116 shares issued and outstanding	1	1	1	1	2
Additional paid-in capital	5,953	6,155	6,262	6,390	6,803
Accumulated other comprehensive loss	−55	−47	−38	−47	439,000
Accumulated deficit	−3,170	−3,293	−3,377	−3,632	−3,785
Total stockholders equity	2,729	2,816	2,848	2,713	3,020
Total liabilities and stockholders equity	5,865	5,641	5,601	5,070	4,865

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-10-31	FY 2024 2024-10-31	FY 2023 2023-10-31	FY 2022 2022-10-31	FY 2021 2021-10-31
Loss on extinguishment of debt	0	0	2	0	0
Depreciation of equipment, building, furniture and fixtures, and amortization of leasehold improvements	104	93	93	96	96
Impairment of intangible assets, finite-lived	89	0	0	—	—
Share-based compensation costs	185	156	130	105	84
Amortization of intangible assets	36	41	50	44	36
Deferred taxes	−23	−77	−15	−28	−156
Provision for inventory excess and obsolescence	48	77	30	16	18
Provision for warranty	24	26	32	17	17
Gain on equity investments, net	0	0	−26	−4	−164,000
Other	−736,000	12	16	4	15
Accounts receivable	−99	80	−95	−47	−174
Inventories	−54	153	−132	−589	−48
Prepaid expenses and other	86	−199	−52	−59	−20
Operating lease right-of-use assets	12	12	14	16	17
Accounts payable, accruals and other obligations	226	64	−138	100	162
Deferred revenue	64	10	27	26	17
Short and long-term operating lease liabilities	−16	−18	−21	−20	−22
Net cash provided by operating activities	806	515	168	−168	542
Payments for equipment, furniture, fixtures and intellectual property	−141	−137	−106	−91	−80
Purchases of investments	−214	−288	−252	−648	−171
Proceeds from sales and maturities of investments	349	141	208	702	150
Purchase of equity investment	0	−22	0	−8	—
Settlement of foreign currency forward contracts, net	−4	−1	−3	5	5
Acquisition of businesses, net of cash acquired	−231	0	−230	−62	0
Net cash used in investing activities	−241	−306	−383	−101	−91
Proceeds from issuance of term loan, net	0	0	498	0	0
Payment of long-term debt	−12	−12	−9	−5	−7
Proceeds from modification of debt, net	19	0	830,000	0	0
Cash paid for extinguishment of debt	−19	0	0	—	—
Payment of debt issuance costs	−12,000	−3	−6	−5	0
Payment of finance lease obligations	−4	−4	−4	−3	−3
Shares repurchased for tax withholdings on vesting of stock unit awards	−91	−47	−39	−48	−44
Repurchases of common stock - repurchase program, net	−335	−255	−242	−501	−91
Proceeds from issuance of common stock	36	34	31	30	28
Net cash provided by (used in) financing activities	−406	−285	229	−133	−117
Effect of exchange rate changes on cash, cash equivalents and restricted cash	−2	1	2	−26	−198,000
Net increase (decrease) in cash, cash equivalents and restricted cash	157	−76	16	−428	334
Cash paid during the fiscal year for interest, net	85	93	84	43	30
Cash paid during the fiscal year for income taxes, net	114	55	78	35	73
Operating lease payments	18	19	23	22	24
Purchase of equipment in accounts payable	17	15	7	12	10
Repurchase of common stock in accrued liabilities from repurchase program, net	3	6	9	0	800,000
Operating lease right-of-use assets subject to lease liability	24	7	10	23	4
Gain on equity investment, net	0	0	26	4	164,000

Filings

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