01—Abstract
Summary
Summary of the 10-Q filed March 5, 2010. Cited figures are marked; the original filing is the authoritative source.
CIENA CORP (CIEN) filed its 10-Q for the quarter ending January 31, 2010, on March 5, 2010.
This report covers the first fiscal quarter of 2010 and provides investors with a look at the company's financial performance and condition during this period. Key financial statements, including the consolidated statements of operations, balance sheets, and cash flows, are presented for comparison against the prior year's periods, offering insights into trends and operational changes. Investors should pay close attention to the Management's Discussion and Analysis (MD&A) section, which typically details the factors influencing the company's results, its financial condition, liquidity, and future outlook.
The filing also includes important risk factors and other supplemental information that may impact the company's business and stock performance. While specific financial figures are not provided in the filing's table of contents, the comprehensive nature of the 10-Q allows for a thorough review of CIENA's operational and financial standing.
02—Key points
Key Highlights
- The 10-Q filing covers the fiscal quarter ending January 31, 2010.
- It includes unaudited Condensed Consolidated Statements of Operations, Balance Sheets, and Cash Flows.
- Financial data is presented for comparison between the current quarter and the corresponding prior-year period (January 31, 2009).
- Management's Discussion and Analysis (MD&A) is a key section for understanding operational performance and financial condition.
- The filing includes information on Market Risk and Controls and Procedures.
- Part II details other information, including legal proceedings, risk factors, and any unregistered sales of equity securities.
03—One dollar
Follow one dollar
For each $1.00 of revenue in Q1 FY2010, Ciena Corp lost $0.30.
- Revenue$175.9M100.0%
- Cost of revenue−$95.7M54.4%
- Gross profit$80.2M45.6%
- Operating costs−$130.0M73.9%
- Operating income−$49.9M28.4%
- Interest, other & tax−$3.5M2.0%
- Net income−$53.3M30.3%
04—Financials
Financial Highlights
Figures from 10-QQ1 FY2010filed March 5, 2010Financial Statements
| Revenue | $175.88M |
| Cost of Revenue | $95.72M |
| Gross Profit | $80.16M |
| R&D Expenses | $50.03M |
| Operating Expenses | $130.02M |
| Operating Income | -$49.86M |
| Interest Expense | $1.83M |
| Net Income | -$53.33M |
| EPS (Basic) | $-0.58 |
| EPS (Diluted) | $-0.58 |
| Shares Outstanding (Basic) | 92.32M |
| Shares Outstanding (Diluted) | 92.32M |
05—Questions
Frequently Asked Questions
What is the primary purpose of this 10-Q filing?
The primary purpose of this 10-Q filing is to provide investors with an update on CIENA CORP's financial performance and condition for the fiscal quarter ending January 31, 2010. It includes unaudited financial statements and management's analysis of the results.
What are the key financial statements included in this report?
The key financial statements included are the Condensed Consolidated Statements of Operations, Condensed Consolidated Balance Sheets, and Condensed Consolidated Statements of Cash Flows.
How can investors understand the company's performance trends?
Investors can understand performance trends by comparing the financial data for the quarter ended January 31, 2010, with the data from the same period in the prior year (ended January 31, 2009), as presented in the statements of operations and cash flows. The MD&A section also provides qualitative insights into these trends.
What are the 'Risk Factors' mentioned in Part II?
The 'Risk Factors' section in Part II outlines potential challenges, uncertainties, and risks that could materially affect CIENA's business, financial condition, or future results. Investors should review this section to understand the company's exposure to various operational, market, and financial risks.
06—Continue