Ciena Tangible Asset Value vs Operating Expenses Analysis

CIEN Stock  USD 50.49  0.97  1.96%   
Trend analysis of Ciena Corp balance sheet accounts such as Other Current Liab of 520.9 M, Total Current Liabilities of 558.9 M or Total Stockholder Equity of 3.4 B provides information on Ciena Corp's total assets, liabilities, and equity, which is the actual value of Ciena Corp to its prevalent stockholders. By breaking down trends over time using Ciena Corp balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ciena Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
To learn how to invest in Ciena Stock, please use our How to Invest in Ciena Corp guide.

About Ciena Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Ciena Corp at a specified time, usually calculated after every quarter, six months, or one year. Ciena Corp Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ciena Corp and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Ciena currently owns. An asset can also be divided into two categories, current and non-current.

Ciena Corp Balance Sheet Chart

Ciena Corp Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Ciena Corp uses and utilizes its capital. It also shows what exactly a company owns and owes.
At this time, Ciena Corp's Non Currrent Assets Other are very stable compared to the past year. As of the 28th of March 2024, Net Receivables is likely to grow to about 1.2 B, while Total Current Liabilities is likely to drop about 558.9 M.

Total Assets

Total assets refers to the total amount of Ciena Corp assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Ciena Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Ciena Corp balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Ciena Corp are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Most indicators from Ciena Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ciena Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ciena Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
To learn how to invest in Ciena Stock, please use our How to Invest in Ciena Corp guide.At this time, Ciena Corp's Selling General Administrative is very stable compared to the past year. As of the 28th of March 2024, Tax Provision is likely to grow to about 83.1 M, while Issuance Of Capital Stock is likely to drop about 30.1 M.
 2021 2022 2023 2024 (projected)
Interest Expense47.1M88.0M79.2M141.8M
Depreciation And Amortization181.4M142.2M128.0M163.3M

Ciena Corp fundamental ratios Correlations

0.880.590.940.74-0.030.180.820.680.960.770.770.980.680.670.870.960.540.780.740.980.040.350.61-0.06-0.33
0.880.660.80.73-0.07-0.030.740.670.870.660.760.890.710.570.650.790.640.720.730.840.120.30.620.0-0.34
0.590.660.490.820.04-0.420.720.660.60.630.710.610.930.380.350.510.880.580.820.550.230.530.180.340.18
0.940.80.490.78-0.350.40.750.710.950.590.770.870.640.370.740.860.370.510.780.88-0.240.030.790.02-0.44
0.740.730.820.78-0.360.010.70.830.790.560.870.70.930.220.420.630.680.411.00.67-0.090.190.630.37-0.18
-0.03-0.070.04-0.35-0.36-0.42-0.08-0.41-0.120.21-0.350.05-0.150.660.280.070.130.55-0.360.040.720.77-0.64-0.240.46
0.18-0.03-0.420.40.01-0.42-0.10.010.21-0.32-0.060.07-0.32-0.220.310.14-0.68-0.270.010.15-0.59-0.480.46-0.2-0.5
0.820.740.720.750.7-0.08-0.10.640.760.820.710.850.720.510.670.820.670.670.70.82-0.010.290.470.01-0.28
0.680.670.660.710.83-0.410.010.640.630.660.960.660.760.290.40.650.620.410.830.69-0.040.240.490.07-0.38
0.960.870.60.950.79-0.120.210.760.630.640.730.920.720.510.770.870.530.670.790.9-0.020.210.690.05-0.26
0.770.660.630.590.560.21-0.320.820.660.640.710.810.660.770.690.840.760.840.560.820.390.620.2-0.19-0.18
0.770.760.710.770.87-0.35-0.060.710.960.730.710.750.820.370.460.710.690.520.870.77-0.050.260.560.21-0.27
0.980.890.610.870.70.050.070.850.660.920.810.750.670.730.860.970.60.840.70.980.110.410.54-0.09-0.34
0.680.710.930.640.93-0.15-0.320.720.760.720.660.820.670.330.350.60.880.530.930.620.110.380.410.390.06
0.670.570.380.370.220.66-0.220.510.290.510.770.370.730.330.80.750.490.960.220.740.60.83-0.06-0.33-0.06
0.870.650.350.740.420.280.310.670.40.770.690.460.860.350.80.90.250.810.420.90.160.490.34-0.34-0.33
0.960.790.510.860.630.070.140.820.650.870.840.710.970.60.750.90.520.820.630.980.090.430.48-0.21-0.38
0.540.640.880.370.680.13-0.680.670.620.530.760.690.60.880.490.250.520.650.680.530.430.570.110.220.15
0.780.720.580.510.410.55-0.270.670.410.670.840.520.840.530.960.810.820.650.410.830.520.790.09-0.17-0.01
0.740.730.820.781.0-0.360.010.70.830.790.560.870.70.930.220.420.630.680.410.67-0.090.190.630.37-0.18
0.980.840.550.880.670.040.150.820.690.90.820.770.980.620.740.90.980.530.830.670.080.420.53-0.13-0.36
0.040.120.23-0.24-0.090.72-0.59-0.01-0.04-0.020.39-0.050.110.110.60.160.090.430.52-0.090.080.76-0.5-0.380.22
0.350.30.530.030.190.77-0.480.290.240.210.620.260.410.380.830.490.430.570.790.190.420.76-0.43-0.170.27
0.610.620.180.790.63-0.640.460.470.490.690.20.560.540.41-0.060.340.480.110.090.630.53-0.5-0.430.23-0.55
-0.060.00.340.020.37-0.24-0.20.010.070.05-0.190.21-0.090.39-0.33-0.34-0.210.22-0.170.37-0.13-0.38-0.170.230.51
-0.33-0.340.18-0.44-0.180.46-0.5-0.28-0.38-0.26-0.18-0.27-0.340.06-0.06-0.33-0.380.15-0.01-0.18-0.360.220.27-0.550.51
Click cells to compare fundamentals

Ciena Corp Account Relationship Matchups

Ciena Corp fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.2B4.9B5.1B5.6B6.4B6.8B
Other Current Liab334.1M409.3M360.8M431.4M496.1M520.9M
Total Current Liabilities760.7M909.0M1.0B932.0M1.1B558.9M
Total Stockholder Equity2.5B3.0B2.7B2.8B3.3B3.4B
Property Plant And Equipment Net329.4M329.3M312.9M315.3M362.6M191.2M
Net Debt(324.9M)(685.1M)135.0M594.4M683.6M717.7M
Retained Earnings(4.3B)(3.8B)(3.6B)(3.4B)(3.0B)(3.2B)
Accounts Payable291.9M356.2M516.0M317.8M365.5M383.8M
Cash1.1B1.4B994.4M1.0B1.2B642.4M
Non Current Assets Total1.6B1.7B1.7B2.0B2.3B2.4B
Non Currrent Assets Other102.8M99.9M113.6M116.5M104.8M113.4M
Cash And Short Term Investments1.2B1.6B1.1B1.1B1.3B993.2M
Net Receivables719.4M885.0M920.8M1.0B1.2B1.2B
Common Stock Shares Outstanding156.0M156.7M152.2M149.4M171.8M110.1M
Liabilities And Stockholders Equity4.2B4.9B5.1B5.6B6.4B6.8B
Non Current Liabilities Total910.6M936.2M1.3B1.8B2.1B2.2B
Inventory344.4M374.3M946.7M1.1B1.2B1.3B
Other Current Assets308.1M325.7M370.1M405.7M466.5M489.9M
Other Stockholder Equity6.8B6.8B6.4B6.3B7.2B5.6B
Total Liab1.7B1.8B2.4B2.8B3.2B3.3B
Property Plant And Equipment Gross329.4M329.3M312.9M315.3M362.6M191.2M
Total Current Assets2.6B3.2B3.4B3.6B4.1B4.3B
Accumulated Other Comprehensive Income(35.4M)439K(46.6M)(37.8M)(34.0M)(32.3M)
Intangible Assets96.6M65.3M69.5M205.6M185.1M133.9M
Short Long Term Debt Total763.7M737.5M1.1B1.6B1.8B1.0B
Common Stock Total Equity1.5M1.5M1.5M1.5M1.3M1.6M
Short Term Investments150.7M181.5M154.0M104.8M94.3M89.6M
Short Term Debt26.0M25.6M25.9M28.4M32.6M31.0M
Common Stock1.5M1.5M1.5M1.4M1.3M1.6M
Other Liab82.8M224.3M212.7M196.3M225.7M237.0M
Other Assets737.2M900.1M937.6M892.2M1.0B1.1B
Property Plant Equipment329.4M329.3M312.9M315.3M362.6M194.8M
Current Deferred Revenue108.7M118.0M137.9M154.4M177.6M186.5M
Long Term Debt676.4M670.4M1.1B1.5B1.8B982.2M
Good Will310.8M311.6M328.3M444.8M511.5M537.1M
Net Tangible Assets2.1B2.6B2.3B2.2B2.5B2.6B
Retained Earnings Total Equity(4.6B)(4.3B)(3.8B)(3.6B)(4.2B)(4.4B)
Long Term Debt Total680.4M676.4M670.4M1.1B955.0M798.6M
Capital Surpluse6.8B6.8B6.8B6.4B7.3B7.1B

Pair Trading with Ciena Corp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ciena Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ciena Corp will appreciate offsetting losses from the drop in the long position's value.

Moving against Ciena Stock

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The ability to find closely correlated positions to Ciena Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ciena Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ciena Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ciena Corp to buy it.
The correlation of Ciena Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ciena Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ciena Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ciena Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Ciena Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ciena Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ciena Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ciena Corp Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ciena Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
To learn how to invest in Ciena Stock, please use our How to Invest in Ciena Corp guide.
Note that the Ciena Corp information on this page should be used as a complementary analysis to other Ciena Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.

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When running Ciena Corp's price analysis, check to measure Ciena Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ciena Corp is operating at the current time. Most of Ciena Corp's value examination focuses on studying past and present price action to predict the probability of Ciena Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ciena Corp's price. Additionally, you may evaluate how the addition of Ciena Corp to your portfolios can decrease your overall portfolio volatility.
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Is Ciena Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ciena Corp. If investors know Ciena will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ciena Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.33)
Earnings Share
1.54
Revenue Per Share
29.507
Quarterly Revenue Growth
(0.02)
Return On Assets
0.0424
The market value of Ciena Corp is measured differently than its book value, which is the value of Ciena that is recorded on the company's balance sheet. Investors also form their own opinion of Ciena Corp's value that differs from its market value or its book value, called intrinsic value, which is Ciena Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ciena Corp's market value can be influenced by many factors that don't directly affect Ciena Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ciena Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ciena Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ciena Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.