01—Abstract
Summary
Summary of the 10-K filed December 22, 2009. Cited figures are marked; the original filing is the authoritative source.
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.
02—Key points
Key Highlights
- The report covers Ciena Corporation's fiscal year ended October 31, 2009, providing a snapshot of its business and financial performance during that period.
- Part I outlines the company's Business (Item 1) and Risk Factors (Item 1A), crucial for understanding the operational landscape and potential challenges.
- Part 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.
- The 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.
- Investors can find information on the market for CIEN's common stock and related stockholder matters in Item 5.
- The report details Ciena's Properties (Item 2) and Legal Proceedings (Item 3), providing context on physical assets and potential legal entanglements.
03—One dollar
Follow one dollar
For each $1.00 of revenue in FY2009, Ciena Corp lost $0.89.
- Revenue$652.6M100.0%
- Cost of revenue−$367.8M56.4%
- Gross profit$284.8M43.6%
- Operating costs−$864.1M132.4%
- Operating income−$579.2M88.8%
- Interest, other & tax−$1.9M0.3%
- Net income−$581.2M89.0%
04—Financials
Financial Highlights
Figures from 10-KFY2009filed December 22, 2009Financial Statements
FY2009 against FY2008
| Line item | FY2009FY2008 | Change |
|---|---|---|
| Revenue | $652.63M$902.45M | −27.7% |
| Cost of Revenue | $367.80M$451.52M | −18.5% |
| Gross Profit | $284.83M$450.93M | −36.8% |
| R&D Expenses | $190.32M$175.02M | +8.7% |
| Operating Expenses | $864.06M$429.05M | +101.4% |
| Operating Income | -$579.23M$21.87M | −2748.2% |
| Interest Expense | $7.41M$12.93M | −42.7% |
| Net Income | -$581.15M$38.89M | −1594.2% |
| EPS (Basic) | $-6.37$0.44 | −1547.7% |
| EPS (Diluted) | $-6.37$0.42 | −1616.7% |
| Shares Outstanding (Basic) | 91.17M89.15M | +2.3% |
| Shares Outstanding (Diluted) | 91.17M110.61M | −17.6% |
05—Questions
Frequently Asked Questions
What is the primary business of Ciena Corporation as described in this 10-K filing?
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.
What are some of the key risk factors that investors should be aware of regarding Ciena?
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.
Where can I find the detailed financial results and performance analysis for Ciena for the fiscal year ended October 31, 2009?
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).
How can I find information about Ciena's executive officers and their compensation?
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.
06—Continue