10-KPeriod: FY2009

CIENA CORP Annual Report, Year Ended Oct 31, 2009

Filed December 22, 2009For Securities:CIEN

Summary

CIENA CORPORATION (CIEN) filed its 2009 Form 10-K on December 22, 2009, covering the fiscal year ended October 31, 2009. This annual report provides a comprehensive overview of the company's business operations, financial performance, and risk factors. Investors can gain insights into Ciena's strategic position within the telecommunications industry, its financial health, and the potential challenges and opportunities it faces moving forward. The filing is crucial for understanding the company's performance and outlook from its management's perspective. Key sections of the report delve into the company's business, risk factors, financial results, and management's discussion and analysis of its financial condition and results of operations. This allows investors to assess Ciena's competitive landscape, its ability to generate revenue and profit, and its management's strategies for navigating the market. The report also details corporate governance, executive compensation, and security ownership, providing transparency into the company's leadership and stakeholder interests.

Financial Highlights

28 data points
Beta

Revenue

$652.63M

43.6% Gross Margin

Net Income

-$581.15M

-89.0% Net Margin

EPS (Diluted)

$-6.37

Free Cash Flow

-$16.69M

Financial Statements
Beta
Revenue$652.63M
Cost of Revenue$367.80M
Gross Profit$284.83M
R&D Expenses$190.32M
Operating Expenses$864.06M
Operating Income-$579.23M
Interest Expense$7.41M
Net Income-$581.15M
EPS (Basic)$-6.37
EPS (Diluted)$-6.37
Shares Outstanding (Basic)91.17M
Shares Outstanding (Diluted)91.17M

Key Highlights

  • 1The report covers Ciena Corporation's fiscal year ended October 31, 2009, providing a snapshot of its business and financial performance during that period.
  • 2Part I outlines the company's Business (Item 1) and Risk Factors (Item 1A), crucial for understanding the operational landscape and potential challenges.
  • 3Part II includes Management's Discussion and Analysis of Financial Condition and Results of Operations (Item 7) and the audited Financial Statements and Supplementary Data (Item 8), offering insights into financial performance and operational drivers.
  • 4The filing incorporates by reference information from the definitive proxy statement for the 2010 Annual Meeting of Stockholders regarding Directors, Executive Officers, Corporate Governance, Executive Compensation, and Security Ownership.
  • 5Investors can find information on the market for CIEN's common stock and related stockholder matters in Item 5.
  • 6The report details Ciena's Properties (Item 2) and Legal Proceedings (Item 3), providing context on physical assets and potential legal entanglements.

Frequently Asked Questions

While the full details of the business are in Item 1, Ciena Corporation is generally known as a provider of networking systems, services, and software for the telecommunications industry, focusing on optical networking and network management solutions.

The risk factors, detailed in Item 1A, typically include industry competition, rapid technological changes, customer concentration, economic conditions affecting telecom spending, and potential challenges in integrating acquisitions.

Detailed financial results are presented in Item 8 (Financial Statements and Supplementary Data), and a comprehensive analysis of the company's financial condition and results of operations is provided by management in Item 7 (Management's Discussion and Analysis of Financial Condition and Results of Operations).

Information regarding Directors, Executive Officers, and Executive Compensation is typically found in Part III of the 10-K, specifically Items 10 and 11, or is incorporated by reference from Ciena's definitive proxy statement for its 2010 Annual Meeting of Stockholders.