Ciena Corporation Intrinsic Value Calculator – CIENA CORPORATION Reports Record Fourth Quarter Earnings for FY2023
December 22, 2023
🌥️Earnings Overview
CIENA CORPORATION ($NYSE:CIEN) reported their fourth quarter FY2023 earnings results, ending on October 31 2023, with total revenue amounting to USD 1129.5 million, representing a 16.3% increase year over year. Net income saw an impressive raise to USD 91.2 million, a 58.2% increase compared to the prior year.
Share Price
The company’s stock opened at $45.1 and closed at $46.3, up by 1.2% from last closing price of 45.8. The company boasts a diverse portfolio of products and services, ranging from optical networking solutions to cloud and software-defined networking. CIENA CORPORATION‘s products are used in a variety of industries, including telecom, healthcare, media, and manufacturing, making them uniquely positioned to capitalize on the latest trends and technology. In addition to their fourth quarter earnings report, CIENA CORPORATION also announced plans to invest more heavily in research and development in the coming years. With their focus on innovation and growth, the company looks poised to remain a leader in the industry for years to come. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ciena Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 4.39k | 254.83 | 6.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ciena Corporation. More…
| Operations | Investing | Financing |
| 168.33 | -383.45 | 229.38 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ciena Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.6k | 2.75k | 19.27 |
Key Ratios Snapshot
Some of the financial key ratios for Ciena Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.5% | -9.2% | 9.4% |
| FCF Margin | ROE | ROA |
| 1.4% | 8.9% | 4.6% |
Analysis – Ciena Corporation Intrinsic Value Calculator
GoodWhale has analyzed the fundamentals of CIENA CORPORATION and determined that the fair value of its share is around $62.9. This value was calculated using our proprietary Valuation Line. Currently, CIENA CORPORATION stock is traded at $46.3, which means it is undervalued by a staggering 26.4%. This presents an excellent opportunity for investors who are looking to buy into the company. More…
Peers
The competition between Ciena Corp and its competitors DZS Inc, CalAmp Corp, and Ceragon Networks Ltd is intense in the telecommunications and networking business. Ciena Corp has been investing heavily in research and development in order to stay ahead of the competition and offer the best products and services to customers. Each of its competitors has also been making significant investments in order to gain a competitive advantage in the industry.
– DZS Inc ($NASDAQ:DZSI)
DZS Inc is a leading provider of broadband access and networking solutions. The company’s solutions enable carriers, service providers and enterprises to deliver next-generation services that support the growing demands of households, businesses and digital ecosystems. As of 2022, DZS Inc has a market capitalization of 349.07 million dollars and a Return on Equity of -11.37%. Market capitalization is an indication of the size of a company and its ability to attract investments from both private and public investors. The Return on Equity indicates how profitable the company is relative to the amount of equity held by its shareholders. A negative return on equity shows that the company is not generating enough profits from its operations to cover the costs of its investments.
– CalAmp Corp ($NASDAQ:CAMP)
CalAmp Corp is a leading provider of Internet of Things (IoT) solutions that enable data-driven decisions to improve the productivity, efficiency and safety of their customers. The company’s market cap as of 2022 is 144.55M, which is a reflection of its strong position in the IoT industry. Despite this, the company has a negative Return on Equity of -69.15%, indicating that the company is not generating enough profits from its investments. This can be attributed to its high operating costs as well as its low margins.
– Ceragon Networks Ltd ($NASDAQ:CRNT)
Ceragon Networks Ltd is a leading provider of high-capacity wireless backhaul solutions. The company designs, develops and sells wireless backhaul systems that enable mobile operators, public safety organizations and other wireless service providers to deliver voice and data services. As of 2022, Ceragon Networks Ltd has a market capitalization of 165.16M and a Return on Equity of -1.54%. This market cap valuation indicates that the company has a large presence in the industry with a significant amount of investor confidence. However, its negative Return on Equity suggests that the company has not been able to generate profits from the investments of its shareholders.
Summary
Investors looking to evaluate CIENA CORPORATION as a potential investment opportunity can take comfort in its impressive financial performance in the fourth quarter of FY2023. The company reported total revenue of USD 1129.5 million, a 16.3% increase from the previous year. Net income rose 58.2% year-over-year to USD 91.2 million. With this strong financial performance, CIENA CORPORATION appears to be an attractive option for investors looking for long-term growth and stability.
