CIENCiena
We are a network technology company, providing hardware, software, and services to a wide range of network operators and enabling enhanced network capacity, service delivery, and automation. 10-K, Item 1
- Headquarters
- Hanover, MD
- CEO
- Gary B. Smith
- Next results
- around Dec 10, 2026
The biggest changes in the 10-K filed 2025-12-12, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.
Cash from operations
+56.7% Big change FY to 2025-11-01 vs 2024-11-02The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.
Net income
+46.9% Big change FY to 2025-11-01 vs 2024-11-02“Interest and other income, net decreased by $1.4 million, primarily resulting from lower interest income on our investments, partially offset by the impact of foreign exchange rates on assets and liabilities denominated in a currency other than the relevant functional currency, net of hedging activity.”
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“Provision for income taxes decreased by $2.9 million, primarily due to the effective tax rate for fiscal 2025 being lower than the effective tax rate for fiscal 2024.”
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Revenue
+18.8% Big change FY to 2025-11-01 vs 2024-11-02“◦Optical Networking revenue increased by $603.7 million, primarily driven by increases in sales of our RLS to cloud providers.”
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“◦Routing and Switching revenue increased by $30.6 million, primarily driven by an increase in sales of our 3000 and 5000 series of service delivery and aggregation platforms to a cloud provider customer for DCOM solutions.”
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Gross margin
42.8% → 42.0% (-0.8 pts) FY to 2025-11-01 vs 2024-11-02“Our gross margin decreased to 42.0% in fiscal 2025, compared to 42.8% in fiscal 2024, primarily due to lower services margin driven by increased incentive compensation and shifts in services mix.”
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“Gross margin decreased by 80 basis points from 42.8% for fiscal 2024 to 42.0% for fiscal 2025, primarily reflecting decreased services margin.”
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Operating margin
4.1% → 4.1% (-0.0 pts) FY to 2025-11-01 vs 2024-11-02“Research and development expense increased by $80.8 million, primarily due to higher incentive compensation.”
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Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗
Work on CIEN in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
CSV.
For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/CIEN/export.csv") into a cell.