10-KPeriod: FY2010

CIENA CORP Annual Report, Year Ended Oct 31, 2010

Filed December 22, 2010For Securities:CIEN

Summary

Ciena Corporation's (CIEN) 2010 Form 10-K report, filed on December 22, 2010, covers the fiscal year ended October 31, 2010. This filing provides a comprehensive overview of the company's business, financial condition, results of operations, and risk factors, crucial for investors assessing the company's performance and outlook. The report details Ciena's position in the telecommunications networking equipment market and outlines the strategic and operational factors influencing its business. Investors should pay close attention to the 'Business' and 'Risk Factors' sections for an understanding of Ciena's competitive landscape, market trends, and potential challenges. The 'Management's Discussion and Analysis of Financial Condition and Results of Operations' will offer insights into the company's financial performance, liquidity, and capital resources, providing a basis for evaluating its financial health and future prospects.

Financial Highlights

28 data points
Beta

Revenue

$1.24B

40.2% Gross Margin

Net Income

-$333.51M

-27.0% Net Margin

EPS (Diluted)

$-3.58

Free Cash Flow

-$280.22M

Financial Statements
Beta
Revenue$1.24B
Cost of Revenue$739.13M
Gross Profit$497.50M
R&D Expenses$327.63M
Operating Expenses$819.32M
Operating Income-$321.82M
Interest Expense$18.62M
Net Income-$333.51M
EPS (Basic)$-3.58
EPS (Diluted)$-3.58
Shares Outstanding (Basic)93.10M
Shares Outstanding (Diluted)93.10M

Key Highlights

  • 1The filing covers Ciena Corporation's fiscal year ended October 31, 2010, providing a look back at the company's performance during that period.
  • 2Key sections for investors include Item 1 (Business), Item 1A (Risk Factors), and Item 7 (Management's Discussion and Analysis).
  • 3Part III of the report incorporates information from the company's definitive proxy statement for its 2011 Annual Meeting, which will be filed separately.
  • 4The report structure adheres to standard SEC Form 10-K requirements, covering financial statements, legal proceedings, market information, and executive compensation.
  • 5Item 5 details the market for Ciena's common stock and related stockholder matters, including any issuer purchases of equity securities.
  • 6Item 6 presents Selected Consolidated Financial Data, offering a snapshot of key financial metrics over several periods.

Frequently Asked Questions

Ciena Corporation is engaged in the telecommunications networking equipment industry, providing hardware, software, and services for network infrastructure.

Detailed financial performance information can be found in Item 7 (Management's Discussion and Analysis of Financial Condition and Results of Operations) and Item 8 (Financial Statements and Supplementary Data).

The key risks facing Ciena Corporation are detailed in Item 1A (Risk Factors) and would likely include market competition, technological changes, customer demand fluctuations, and macroeconomic conditions impacting the telecommunications industry.

Information regarding Directors, Executive Officers, Corporate Governance, and Executive Compensation (Items 10 and 11) is incorporated by reference from Ciena's definitive proxy statement for its 2011 Annual Meeting of Stockholders, which was to be filed with the SEC no later than 120 days after the fiscal year-end.