Ciena Corp.

Ciena Corp.

Ciena Corp.

Overview
Date Founded

1997

Headquarters

7035 RIDGE ROAD, HANOVER, MD, 21076

Type of Company

Public

Employees (Worldwide)

7,032

Industries

Other Manufacturing
Cable, Satellite, and Radio Telecommunications
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: Networking Platforms, Platform Software and Services, Blue Planet Automation Software and Services, and Global Services. The Networking Platforms segment consists of Converged Packet Optical and Packet Networking portfolios. The Platform Software and Services segment provides analytics, data, and planning tools to assist customers in managing Ciena’s Networking Platforms products in their networks. The Blue Planet Automation Software and Services segment enables customers to implement large-scale software and IT-led OSS transformations by transforming legacy networks into “service ready” networks. The Global Services segment offers a broad suite of value-added services. The company was founded by Patrick H. Nettles in November 1992 and is headquartered in Hanover, MD.

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Executives & Employees

President & Chief Executive Officer

Director, President & Chief Executive Officer

Senior Vice President, Finance & Chief Financial Officer

Controller

Senior Vice President, General Counsel & Secretary

Chief Technology Officer & Senior Vice President

Chief Human Resources Officer & Senior Vice President

Senior Vice President & Chief Strategy Officer

GM, Global Government Solutions

Vice President, Principal Accounting Officer & Controller

Board of Directors

Former President & Chief Executive Officer at Ciena Corp.

Founding Partner at Circle Financial Group LLC

Chief Financial Officer, Treasurer & Executive Vice President at Advanced Micro Devices, Inc.

Founder at Kids First (Virgin Islands)

Director, President & Chief Executive Officer at Ciena Corp.

Partner at King & Spalding LLP

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

Former President, Chief Executive Officer & Chairman of the Board of Directors at Ribbon Communications, Inc.

Former President-Europe at BT Group Plc

Former General Manager at International Business Machines Corporation

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Ciena Corp.
Owners & Shareholders
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Koch IM focuses on value-oriented investments in US small-cap companies in the manufacturing, finance and non-energy minerals sectors.

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Congress Asset Management is primarily a growth style equity investment manager and provides investment management and advisory services for small-cap value and fixed income and balanced portfolios. The firm also provides socially responsible investing (SRI), environmental, social and governance (ESG), and tax sensitive versions in certain of its equity strategies. Their equity strategy employs a view that superior long-term performance of a company’s stock price is a result of consistent earnings growth and cash flow. 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). Congress Asset Management’s fixed income investments strive for preservation of capital, consistent income, and alpha generation through a diversified portfolio of investment grade government, corporate, and securitized bonds. They utilize both top-down and bottom-up analysis.

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BNPP AM USA manages both long-only and long-short fixed income portfolios, multi-currency portfolios and equity portfolios. The firm's investment approach centers on taking a series of diversified, often uncorrelated positions that balance currency and interest-rate risks around specified performance benchmarks. Global fixed-income portfolios are constructed using sovereign debt and currencies and, guidelines permitting, corporate bonds, structured securities, and emerging market investments. BNPP AM USA may use futures and various other derivatives (such as interest rate swaps, credit default swaps and currency forwards) in the management of fixed-income portfolios, as appropriate. These instruments are used to take or hedge existing positions and as a substitute for the cash market when the synthetic alternatives are deemed more efficient. Fixed Income CIO has oversight responsibility for all activities relating to the management and performance of BNPP AM USA’s fixed income investment teams, products and portfolios. The firm’s other strategies include Equity, Liquidity Solutions, Multi-Asset Solutions, and Smart beta and Quant.

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 Cyan, Inc.

Insider Transactions
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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

Rakuten Group, 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.

DISH Network Corp. is a holding company, which engages in the provision of pay-tv services. It operates through Pay-TV and Wireless segments. The Pay-TV segment operates under the DISH brand and Sling brand. The Wireless segment refers to the wireless spectrum licenses and related assets. The company was founded by Charles W. Ergen, Cantey W. Ergen and James DeFranco in 1980 and is headquartered in Englewood, CO.

BT Group Plc is a holding company, which engages in the provision of communications services. It operates through the following segments: Consumer, Enterprise, Global Services, Openreach, and Other. The Consumer segment offers mobile, broadband, home phone, and television services. The Enterprise segment sells communications and information technology (IT) services to businesses and public sector organizations; and provides network products and services to communications. The Global Services segment includes managed network and IT infrastructure services. The Openreach segment builds and manages the fixed network that connects the homes and businesses. The Other segment refers to the unallocated technology costs and corporate units. The company was founded in 1846 and is headquartered in London, the United Kingdom.

Key Stats and Financials As of 2020
Market Capitalization
$8.48B
Total Enterprise Value
$5.73B
Earnings Per Share
$2.32
Revenue
$3.53B
Net Profit
$361M
EBITDA
$646M
EBITDAMargin
18.29%
Total Debt
$828M
Total Equity
$2.51B
Enterprise Value / Sales
1.62x
Enterprise Value EBITDAOperating
8.75x
TEVNet Income
15.87x
Debt TEV
0.14x
Three Year Compounded Annual Growth Rate Of Revenue
8.03%
Non-Profit Donations & Grants
$10K - $20K
2019
$1,000 - $4,999
2019
$10K +
2019
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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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 - Milpitas, 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. It operates through the following geographical segments: United States, Other Americas, Europe, Middle East and Africa, and Asia Pacific and Japan. Its products include control and automation, network routers, packet optical, and compact modular. The company was founded by David F. Welch, Drew Daniel Perkins, and Jagdeep Singh in December 2000 and is headquartered in San Jose, 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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