Ciena Corp.

Ciena Corp.

Ciena Corp.

Overview
Date Founded

1992

Headquarters

7035 RIDGE ROAD, HANOVER, MD, 21076

Type of Company

Public

Employees (Worldwide)

6,383

Industries

Other Manufacturing
Computer Software
Wireless Telecommunications
Wholesale: Industrial Products & Manufacturing
IT Consulting & Services
Shipping & Delivery
Internet Software & Services
Equipment & Office Supplies

Company Description

Ciena Corp. engages in the provision of network and communication infrastructure. It operates through the following segments: Converged Packet Optical; Packet Networking; Optical Transport; and Software and Services. The Converged Packet Optical segment develops and sells optical processors, switching systems and operating system software. The Packet Networking segment includes service delivery switches, services aggregation switches, and ethernet packet configurations. The Optical Transport segment manufactures and trades optical transport systems, common photonic layer, data networking products, data center interconnection and virtual networks. The Software and Services segment provides wide area network controller, network functions virtualization platform, and software applications. The company was founded by Patrick H. Nettles in November 1992 and is headquartered in Hanover, MD.

Contact Data
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Executives & Employees

President & Chief Executive Officer

Chief Financial Officer & Senior Vice President-Finance

Controller

Chief Operating Officer

Senior Vice President, General Counsel & Secretary

Chief Technology Officer & Senior Vice President

Chief Human Resources Officer & Senior Vice President

Chief Strategy Officer & Senior Vice President

GM, Global Government Solutions

Vice President, Principal Accounting Officer & Controller

Board of Directors

Founding Partner at Circle Financial Group LLC

Founder at Kids First (Virgin Islands)

Chief Operating Officer at Ciena Corp.

Partner at King & Spalding LLP

Chairman of the Board, Chairman of the Corporate Governance & Nominating Committee at NetApp, Inc.

Former General Manager at International Business Machines Corporation

Paths to Ciena Corp.
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Ciena Corp.
Owners & Shareholders
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During the planning process of Thrivent, certain general assumptions relating to the market and interest and other rates will be utilized, including, but not limited to, rates of investment performance, inflation rates and tax rates. The written recommendations may contain projections relating to the firm's view of the probability that the client will reach their stated financial goals, scenario analyses and an assessment of what may occur upon certain proposed changes to the stated assumptions. Thrivent invests client assets in a variety of securities, including but not limited to, listed and unlisted stocks, ETF, ETNs, bonds, certain open-end mutual funds (load-waived and no-load), closed-end funds, certain options positions (excluding those that involve the use of margin), commercial paper, certificates of deposit, and municipal securities.

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CAM's stock selection is primarily based on a research-driven bottom up approach and implemented using a congressional approach, where each investment strategy is governed by an investment product committee (IPC). The research and recommendation are reviewed, debated and decided upon by the IPC. The firm's research techniques include idea generation and fundamental analysis. Identifying of possible investment opportunities through fundamental analysis and using numerous tools, such as quantitative screening, third-party research reports, periodicals, news articles, direct company meetings, press releases, industry conferences and any other useful and reliable information sources are done by portfolio managers and research analysts. CAM performs their analysis of the companies identified as having the most compelling investment opportunity. The teams validate key quantitative metrics such as earnings growth, cash flows and balance sheet strength and other key factors such as competitive advantages, market leadership, stability of revenue stream, product development and pricing power. The decision to invest is debated within the IPC on its investment merits, its fit within the investment discipline, and its fit within the current portfolio investment mix. CAM's investment philosophy is to maximize potential return per unit of risk using fundamental and relative valuations that employ a combination of top down and bottom up techniques to deliver a consistent pattern of relative returns with minimal periods of underperformance.

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Ion Asset Management (Israel) Ltd. is a private company headquartered in Tel Aviv, Israel, that operates in several countries and provides Investment Advice. The firm was founded in 2006. David Hillel Lowy is currently the CEO of the company.

Recent Transactions
Details Hidden

Ciena Corp. purchases Centina Systems, Inc.

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Ciena Corp. purchases Packet Design, Inc. from S3 Ventures LLC, Lone Rock Technology Group LLC

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Ciena Corp. purchases TeraXion, Inc. /High Speed Photonics Components Business from TeraXion, Inc.

Insider Transactions
Details Hidden
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Transaction Advisors
Accountant

Advised onCiena Corp. purchases Cyras Systems, Inc.

Legal Advisor

Advised onCiena Corp. purchases Cyras Systems, Inc.

Investment Advisor

Advised onCiena Corp. purchases ONI Systems Corp.

Corporate Officer

Advised onCiena Corp. purchases Nortel Networks Corp. /Optical & Carrier Ethernet Bus from Nortel Networks Corporation

Associate

Advised onCiena Corp. purchases Catena Networks, Inc. from SVB Capital, Summerhill Venture Partners, Inc., Bessemer Venture Partners, Menlo Ventures Management LP, Goldman Sachs Capital Partners, Worldview Technology Partners, Inc., Berkeley International Capital Corp., Morgenthaler Management Corp., Attractor Ventures LLC, JPMorgan Asset Management Private Equity, Stanford University (Venture Capital)

Attorney

Advised onCiena Corp. purchases Catena Networks, Inc. from SVB Capital, Summerhill Venture Partners, Inc., Bessemer Venture Partners, Menlo Ventures Management LP, Goldman Sachs Capital Partners, Worldview Technology Partners, Inc., Berkeley International Capital Corp., Morgenthaler Management Corp., Attractor Ventures LLC, JPMorgan Asset Management Private Equity, Stanford University (Venture Capital)

Advisors & Consultants
Legal Advisor

Partner at Hogan & Lovells LLP

Legal Advisor

Partner at Morrison & Foerster LLP

Legal Advisor

Partner at Davis Polk & Wardwell LLP

Clients

Reliance Industries Ltd. engages in hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail, and telecommunications. It operates through the following business segments: Refining, Petrochemicals, Oil and Gas, Organised Retail, Digital Services, and Others. The Refining segment includes the production and marketing operations of the petroleum products. The Petrochemicals segment refers to the manufacture and marketing operations of petrochemical products. Oil and Gas segment consists of exploration, development and production of crude oil and natural gas. The Organised Retail segment comprises of organized retail business. The Digital Services segment refers to provision of digital services. The Others segment engages in Media, SEZ development, and textile business. The company was founded by Dhirubhai Hirachand Ambani in 1966 and is headquartered in Mumbai, India.

Rakuten, Inc. engages in the business of Internet services. It operates through the following segments: Internet Services, FinTech, and Mobile. The Internet Services segment manages e-commerce (EC), online cash-back, travel booking, and portal and digital content sites. The FinTech segment provides services over the internet related to banking and securities, credit cards, life insurance, and electronic money. The Mobile segment manages messaging and communication services and sale of mobile devices. The company was founded by Hiroshi Mikitani on February 7, 1997 and is headquartered in Tokyo, Japan.

Bharti Airtel Limited is a leading integrated telecommunications company with operations in 20 countries across Asia and Africa. Headquartered in New Delhi, India, the company ranks amongst the top 5 mobile service providers globally in terms of subscribers. In India, the company's product offerings include 2G, 3G and 4G services, fixed line, high speed broadband through DSL, IPTV, DTH, enterprise services including national & international long distance services to carriers. In the rest of the geographies, it offers 2G, 3G mobile services. Bharti Airtel had over 246 million customers across its operations at the end of February 2012.

Key Stats and Financials As of 2019
Market Capitalization
$7.62B
Total Enterprise Value
$5.59B
Earnings Per Share
$1.61
Revenue
$3.57B
Net Profit
$253M
EBITDA
$497M
EBITDAMargin
13.92%
Total Debt
$755M
Total Equity
$2.17B
Enterprise Value Sales
1.57x
Enterprise Value EBITDAOperating
11.24x
TEVNet Income
22.06x
Debt TEV
0.14x
Non-Profit Donations & Grants
Investments
Details Hidden

Force10 Networks, Inc. engages in the provision of networking solutions for data centers and other network deployments. Its products include ethernet switching and routing, multi-service transport switch, cell site access aggregators, converged access devices, metro access platforms, and security appliance. The company was founded on September 30, 1999 and is headquartered in Santa Clara, CA.

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Turin Networks, Inc. provides metro transport and switching solutions for wireline, wireless, MSO and private networks. The company offers network management, metro access and ethernet aggregation. It has offices in Dallas and Boston. Turin Networks was founded by Steve West and John Webley in October, 1999 and is headquartered in Petaluma, CA

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Luminous Networks, Inc. was an access network equipment company. It was a privately funded access communications equipment company enabling service providers to provide information, communications and entertainment services to their customers. The firm was located in Cupertino, CA.

Investors
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JAFCO Co., Ltd. engages in the management and operation of investment enterprise partnership that invests in unlisted companies. Its investment enterprise partnership provides sales support for global operations, staff recruitment, introduction of business or financial partners, identification of joint development partners, internal structure improvement, and initial public offering support. It also supports financial institutions, business corporations, and pension funds. The company was founded on April 5, 1973 and is headquartered in Tokyo, Japan.

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Vanguard Ventures focuses on seed and early-stage investments in US-based communications, information technology and life sciences companies. The firm typically invests at the seed or Series A financing rounds. Investments range from $10 million to $12 million per company.Within the communications sector, Vanguard Ventures focuses on (1) broadband access (2) foundry and manufacturing (3) integrated access (4) IP enabling technologies (5) optical components, modules and subsystems (6) optical systems (7) network enabled applications (8) network management software and operation support systems (9) switching and routing (10) testing and measurement and (11) wireless. The firm looks for companies with deep technical foundations that address very large markets and offer price/performance improvement to currently available solutions.Vanguard Ventures' life sciences investments focus on (1) biopharmaceuticals (2) medical devices (3) drug delivery systems (4) diagnostics (5) capital equipment (6) tools for increased drug development efficiencies including bioinformatics, biochips and high throughput systems and (7) telemedicine.The firm looks for information technologies that can measurably improve productivity or lower costs. Within the areas of hardware and software, Vanguard Ventures focuses on companies with technologies that offer (1) low cost storage and management of digital information (2) rapid and intelligent access to digital information (3) security for digital information (4) low cost distribution of digital information (5) low cost and effective aids to collaboration and communication between people in different locations (6) breakthrough computing architectures (7) networking advances that improve communications and lower the cost of communicating between people and between machines and (8) software with the potential to enable the real time enterprise.Across all their areas of interest, Vanguard Ventures looks for companies with technologies or ideas that have the potential to define new markets or redefine existing markets. Companies should have a large, definable, approachable market and the potential to achieve market leadership. Companies should also offer breakthrough and protectable technologies.

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Former Chairman & Acting Chief Executive Officer at Compaq Computer Corp.

Suppliers
TriQuint Semiconductor, Inc. Aerospace & Defense | Hillsboro, Oregon

TriQuint Semiconductor, Inc. provided radio frequency (RF) solutions and foundry services. It designs, develops and manufactures RF solutions with Gallium Arsenide, Gallium Nitride, Surface Acoustic Wave and Bulk Acoustic Wave technologies for customers worldwide. The company offered a array of filtering, switching and amplification products for RF, microwave and millimeter-wave applications. TriQuint Semiconductor was founded in 1985 and was headquartered in Hillsboro, OR.

Microsemi Communications, Inc. Restaurants | Camarillo, CA

Vitesse Semiconductor was formed in 1984 to develop ICs for the high-performance electronics market. Since its inception, Vitesse has built its worldwide reputation on designing advanced IC solutions for the ever-expanding network and communications industries. Combining its technical expertise with a 25-year history of field-proven devices, Vitesse is known for solving design challenges across a broad base of Ethernet and Telecom applications. Today, Vitesse is a leading supplier of IC solutions for next-generation Carrier and Enterprise networks worldwide. Innovation and technical excellence are at the cornerstone of a comprehensive product portfolio that has been an essential part of the evolving network. At Vitesse, we invest in innovation and develop new products to capitalize on changing market trends. The growth of smart wireless devices, as well as business and consumer demand for voice, video and data is driving disruptive new requirements for networking and connectivity. Our goal is to become the most “desired in,” not just “designed in” partner to our customers as they go through these critical technology transitions. We strive to be considered by all our customers as true collaborators at every level.

Corporate Office Properties Trust, Inc. Trusts & Funds | Columbia, MD

Corporate Office Properties Trust, Inc. is a real estate investment trust, which acquires, develops, manages, sells, and leases out office properties and data centers. The firm operates through the following segments: Defense/Information Technology Locations, Regional Office, Wholesale Data Center, and Other. The company was founded in 1988 and is headquartered in Columbia, MD.

Competitors
Arista Networks, Inc. Computer Hardware - San Francisco, CA

Arista Networks, Inc. engages in the development, marketing, and sale of cloud networking solutions. Its cloud networking solutions consist of Extensible Operating System(EOS) a set of network applications and Ethernet switching and routing platforms. The company was founded by Andreas Bechtolsheim, David Cheriton, and Kenneth Duda in October 2004 and is headquartered in Santa Clara, CA.

Infinera Corp. Equipment & Office Supplies - Sunnyvale, CA

Infinera Corp. engages in the provision of networking solutions, which consists of networking equipment, software and services. Its portfolio of solutions include optical transport platforms, converged packet-optical transport platforms, optical line systems, router platforms and a suite of networking and automation software offerings. The company was founded by David F. Welch, Drew Daniel Perkins, and Jagdeep Singh in December 2000 and is headquartered in Sunnyvale, CA.

Cisco Systems, Inc. IT Consulting & Services - San Jose, CA

At Cisco (NASDAQ: CSCO) customers come first and an integral part of our DNA is creating long-lasting customer partnerships and working with them to identify their needs and provide solutions that support their success. The concept of solutions being driven to address specific customer challenges has been with Cisco since its inception. Husband and wife Len Bosack and Sandy Lerner, both working for Stanford University, wanted to email each other from their respective offices located in different buildings but were unable to due to technological shortcomings. A technology had to be invented to deal with disparate local area protocols; and as a result of solving their challenge - the multi-protocol router was born. Since then Cisco has shaped the future of the Internet by creating unprecedented value and opportunity for our customers, employees, investors and ecosystem partners and has become the worldwide leader in networking - transforming how people connect, communicate and collaborate. Please view Cisco's Corporate Overview Presentation for more information. Quick Facts Founded in 1984 NASDAQ: CSCO Q4 FY'12 Revenue: $11.7 billion Q4 FY'12 Employee Count: 66,639

Awards & Honors
Rank #854
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
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