01—Abstract
Summary
Summary of the 10-Q filed September 8, 2011. Cited figures are marked; the original filing is the authoritative source.
Ciena Corp's (CIEN) 10-Q filing for the period ending July 31, 2011, reveals a company navigating a challenging economic environment.
While the provided content outlines the structure of the report and its key financial statements, specific performance metrics for the third quarter and nine months of fiscal year 2011 compared to 2010 are not detailed here. Investors should focus on the 'Management's Discussion and Analysis' section for qualitative insights into the company's operational performance, financial condition, and outlook. The report also includes important updates on legal proceedings, risk factors, and controls, which are critical for a comprehensive understanding of the company's current standing and potential future risks.
02—Key points
Key Highlights
- The filing includes the Condensed Consolidated Statements of Operations for the quarters and nine months ended July 31, 2010 and 2011, providing a basis for year-over-year performance analysis.
- Condensed Consolidated Balance Sheets as of October 31, 2010, and July 31, 2011, offer insights into the company's asset, liability, and equity structure at two key points in time.
- Condensed Consolidated Statements of Cash Flows for the nine months ended July 31, 2010 and 2011 are presented, detailing the company's cash generation and usage activities.
- The 'Management's Discussion and Analysis of Financial Condition and Results of Operations' is a crucial section for understanding the narrative behind the numbers.
- Item 1A, 'Risk Factors,' is essential for investors to identify and assess potential challenges and uncertainties facing Ciena Corp.
- The report includes disclosures on Legal Proceedings and Controls and Procedures, providing transparency on regulatory and operational matters.
03—One dollar
Follow one dollar
For each $1.00 of revenue in Q3 FY2011, Ciena Corp lost $0.07.
- Revenue$435.3M100.0%
- Cost of revenue−$250.4M57.5%
- Gross profit$184.9M42.5%
- Operating costs−$202.3M46.5%
- Operating income−$17.4M4.0%
- Interest, other & tax−$14.1M3.2%
- Net income−$31.4M7.2%
04—Financials
Financial Highlights
Figures from 10-QQ3 FY2011filed September 8, 2011Financial Statements
Q3 FY2011 against Q3 FY2010
| Line item | Q3 FY2011Q3 FY2010 | Change |
|---|---|---|
| Revenue | $435.31M$389.68M | +11.7% |
| Cost of Revenue | $250.42M$245.67M | +1.9% |
| Gross Profit | $184.90M$144.01M | +28.4% |
| R&D Expenses | $93.22M$100.87M | −7.6% |
| Operating Expenses | $202.28M$243.56M | −16.9% |
| Operating Income | -$17.39M-$99.55M | +82.5% |
| Interest Expense | $9.47M$5.99M | +58.1% |
| Net Income | -$31.45M-$109.86M | +71.4% |
| EPS (Basic) | $-0.33$-1.18 | +72.0% |
| EPS (Diluted) | $-0.33$-1.18 | +72.0% |
| Shares Outstanding (Basic) | 96.31M92.91M | +3.7% |
| Shares Outstanding (Diluted) | 96.31M92.91M | +3.7% |
05—Questions
Frequently Asked Questions
What is the primary financial performance trend indicated by this report?
While the table of contents lists the Statements of Operations for the periods ended July 31, 2010 and 2011, the specific financial results (revenue, net income, etc.) are not provided in this excerpt. Investors must refer to the actual financial statements within the full 10-Q filing and the accompanying Management's Discussion and Analysis (MD&A) to understand the performance trends.
What key risks does Ciena Corp. face according to this filing?
The 'Risk Factors' section (Item 1A) of the full 10-Q filing will detail the specific risks Ciena Corp. is subject to. These could include market demand, competition, technological changes, economic conditions, and operational challenges.
How has Ciena Corp.'s cash position changed based on this report?
The Condensed Consolidated Statements of Cash Flows for the nine months ended July 31, 2010 and 2011 would show changes in cash and cash equivalents. A review of these statements in the full filing is necessary to determine if the company's cash position has increased or decreased and the reasons why.
Where can I find more detailed information on Ciena's operational performance and outlook?
The most important section for this information is 'Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations.' This section provides management's perspective on the company's results, liquidity, capital resources, and future outlook.
06—Continue