01—Abstract
Summary
Summary of the 10-K filed December 23, 2008. Cited figures are marked; the original filing is the authoritative source.
CIENA CORPORATION's 2008 10-K filing for the fiscal year ended October 31, 2008, provides a comprehensive overview of the company's business, financial condition, and risk factors.
As a provider of networking solutions, Ciena's performance is intrinsically linked to the capital spending cycles of telecommunications carriers and large enterprises. Investors should pay close attention to the "Business" section for an understanding of Ciena's product and service offerings, and the "Risk Factors" section for potential headwinds such as intense competition, technological obsolescence, and economic downturns affecting customer spending. The "Management's Discussion and Analysis of Financial Condition and Results of Operations" is crucial for understanding the company's financial performance, liquidity, and capital resources.
Investors will want to analyze revenue trends, profitability, operating expenses, and cash flow generation. Given the 2008 filing date, the impact of the global economic climate on Ciena's customers and its own operations will be a significant area of focus. Additionally, the "Financial Statements and Supplementary Data" will provide the detailed audited financial information necessary for a thorough assessment.
02—Key points
Key Highlights
- The filing covers the fiscal year ended October 31, 2008, a period marked by global economic uncertainty.
- Key areas of focus include Ciena's business operations, risk factors, financial performance, and corporate governance.
- Investors should review "Management's Discussion and Analysis" for insights into the company's financial health, liquidity, and operational strategies.
- The "Risk Factors" section will detail potential challenges such as competitive pressures, technological advancements, and customer spending fluctuations.
- Detailed financial statements and supplementary data are provided for a thorough financial assessment.
- Information regarding directors, executive officers, and executive compensation is available in Part III, incorporated by reference from the definitive proxy statement.
03—One dollar
Follow one dollar
Of each $1.00 of revenue in FY2008, Ciena Corp kept $0.04.
- Revenue$902.4M100.0%
- Cost of revenue−$451.5M50.0%
- Gross profit$450.9M50.0%
- Operating costs−$429.1M47.5%
- Operating income$21.9M2.4%
- Interest, other & tax$17.0M1.9%
- Net income$38.9M4.3%
Where FY2008 revenue went
$902.4M- Cost of revenue: $451.5M, 50% of revenue
- Other operating costs: $254.0M, 28% of revenue
- R&D: $175.0M, 19% of revenue
- Operating income: $21.9M, 2.4% of revenue
Kept 2.4% as operating incomeOperating income $21.9M · 2.4%
Full revenue history →04—Financials
Financial Highlights
Figures from 10-KFY2008filed December 23, 2008Financial Statements
| Revenue | $902.45M |
| Cost of Revenue | $451.52M |
| Gross Profit | $450.93M |
| R&D Expenses | $175.02M |
| Operating Expenses | $429.05M |
| Operating Income | $21.87M |
| Interest Expense | $12.93M |
| Net Income | $38.89M |
| EPS (Basic) | $0.44 |
| EPS (Diluted) | $0.42 |
| Shares Outstanding (Basic) | 89.15M |
| Shares Outstanding (Diluted) | 110.61M |
05—Questions
Frequently Asked Questions
What are the main business segments or product lines of Ciena Corporation as of October 31, 2008?
The provided excerpt does not detail the specific business segments or product lines. Investors would need to refer to Item 1. Business within the full 10-K filing for this information, which typically outlines Ciena's networking solutions, hardware, software, and services.
What were the major risks and uncertainties facing Ciena in fiscal year 2008?
While specific risks are not listed in this excerpt, Item 1A. Risk Factors of the full 10-K would detail potential challenges. These commonly include intense competition in the networking industry, rapid technological changes, the cyclical nature of customer capital spending (especially by telecommunications service providers), economic downturns, supply chain disruptions, and potential integration risks from acquisitions.
Where can I find information on Ciena's financial performance and condition for fiscal year 2008?
Detailed financial performance and condition can be found in Item 6. Selected Consolidated Financial Data, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations, and Item 8. Financial Statements and Supplementary Data. These sections provide historical financial data, management's analysis of results, and audited financial statements, respectively.
What is the company's outlook or guidance for the upcoming fiscal year (2009) based on this filing?
This excerpt does not contain forward-looking statements or specific guidance for fiscal year 2009. Such information, if provided by management, would typically be found within Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations, often in the "Outlook" or "Liquidity and Capital Resources" subsections, or in any related earnings calls or press releases.
06—Continue