CIENA CORP (CIEN)
Ciena Corp. is involved in the optical and routing systems, services, and automation software business, which 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. 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 and Kevin B. Kimberlin in 1992 and is headquartered in Hanover, MD.
Address
7035 RIDGE ROAD
HANOVER, MD 21076
Founded
1992
Number of Employees
8,483
Website
http://www.ciena.com
Buyback
| Buyback Data | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Average |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $ Amount Purchased ($ in 000s) |
- | - | - | - | $132,141 | $162,366 | $54,294 | $267,173 | $311,726 | $281,981 | $86,023 | $185,101 |
| Average Price | - | - | - | - | $27.06 | $39.34 | $43.66 | $64.48 | $54.35 | $44.31 | $49.89 | $45.91 |
| # Shares Purchased | - | - | - | - | 4,882,698 | 4,127,098 | 1,243,495 | 4,143,698 | 5,735,630 | 6,363,211 | 1,724,350 | 4,031,454 |
| Buyback Performance | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Average |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Return to Date | - | - | - | - | 106.9% | 42.3% | 28.3% | -13.1% | 3.0% | 26.4% | 12.3% | 22.0% |
| S&P 500 Return to Date | - | - | - | - | 104.9% | 93.1% | 74.8% | 31.7% | 37.3% | 31.3% | 7.4% | 54.4% |
| Excess Total Return | - | - | - | - | 2.1% | -50.8% | -46.6% | -44.8% | -34.2% | -5.0% | 4.8% | -32.4% |
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| Percentile Rank | - | - | - | - | 75% | 56% | 45% | 36% | 50% | 67% | 66% | 57% |
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