Ciena Begin Period Cash Flow vs Free Cash Flow Per Share Analysis

CIEN Stock

USD 69.72 0.55 0.80%

Ciena Corp financial indicator trend analysis is way more than just evaluating Ciena Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ciena Corp is a good investment. Please check the relationship between Ciena Corp Begin Period Cash Flow and its Free Cash Flow Per Share accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ciena Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

To learn how to invest in Ciena Stock, please use our How to Invest in Ciena Corp guide.

Begin Period Cash Flow vs Free Cash Flow Per Share

Begin Period Cash Flow vs Free Cash Flow Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ciena Corp Begin Period Cash Flow account and Free Cash Flow Per Share. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Ciena Corp's Begin Period Cash Flow and Free Cash Flow Per Share is 0.15. Overlapping area represents the amount of variation of Begin Period Cash Flow that can explain the historical movement of Free Cash Flow Per Share in the same time period over historical financial statements of Ciena Corp, assuming nothing else is changed. The correlation between historical values of Ciena Corp's Begin Period Cash Flow and Free Cash Flow Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Begin Period Cash Flow of Ciena Corp are associated (or correlated) with its Free Cash Flow Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Per Share has no effect on the direction of Begin Period Cash Flow i.e., Ciena Corp's Begin Period Cash Flow and Free Cash Flow Per Share go up and down completely randomly.

Correlation Coefficient

0.15

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Begin Period Cash Flow

The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.

Free Cash Flow Per Share

The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.

Most indicators from Ciena Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ciena Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ciena Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

To learn how to invest in Ciena Stock, please use our How to Invest in Ciena Corp guide.At this time, Ciena Corp's Selling General Administrative is very stable compared to the past year. As of the 29th of November 2024, Tax Provision is likely to grow to about 83.1 M, while Issuance Of Capital Stock is likely to drop about 30.1 M.

	2021	2022	2023	2024 (projected)
Interest Expense	47.1M	88.0M	79.2M	141.8M
Depreciation And Amortization	140.2M	142.2M	128.0M	160.3M

Interest Expense Depreciation And Amortization

Ciena Corp fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Short Long Term Debt Total	Common Stock Total Equity	Short Term Investments	Short Term Debt
Total Assets		0.85	0.59	0.94	0.74	0.01	0.18	0.82	0.68	0.96	0.77	0.77	0.98	0.68	0.67	0.87	0.56	0.54	0.78	0.74	0.98	0.04	0.32	0.61	-0.06	-0.31
Other Current Liab	0.85		0.67	0.78	0.73	-0.05	-0.06	0.73	0.66	0.86	0.64	0.75	0.82	0.71	0.54	0.61	0.61	0.66	0.7	0.73	0.81	0.13	0.24	0.61	0.02	-0.32
Total Current Liabilities	0.59	0.67		0.49	0.82	0.05	-0.42	0.72	0.66	0.6	0.63	0.71	0.55	0.93	0.38	0.35	0.8	0.88	0.58	0.82	0.55	0.23	0.5	0.18	0.34	0.18
Total Stockholder Equity	0.94	0.78	0.49		0.78	-0.31	0.4	0.75	0.71	0.95	0.59	0.77	0.88	0.64	0.37	0.74	0.49	0.37	0.51	0.78	0.88	-0.24	0.01	0.79	0.02	-0.43
Property Plant And Equipment Net	0.74	0.73	0.82	0.78		-0.35	0.01	0.7	0.83	0.79	0.56	0.87	0.66	0.93	0.22	0.42	0.74	0.68	0.41	1.0	0.67	-0.09	0.16	0.63	0.37	-0.17
Net Debt	0.01	-0.05	0.05	-0.31	-0.35		-0.39	-0.07	-0.4	-0.09	0.22	-0.33	0.1	-0.14	0.69	0.32	-0.08	0.13	0.57	-0.35	0.08	0.72	0.79	-0.62	-0.25	0.44
Retained Earnings	0.18	-0.06	-0.42	0.4	0.01	-0.39		-0.1	0.01	0.21	-0.32	-0.06	0.16	-0.32	-0.22	0.31	-0.4	-0.68	-0.27	0.01	0.15	-0.59	-0.48	0.46	-0.2	-0.5
Accounts Payable	0.82	0.73	0.72	0.75	0.7	-0.07	-0.1		0.64	0.76	0.82	0.71	0.83	0.72	0.51	0.67	0.7	0.67	0.67	0.7	0.82	-0.01	0.28	0.47	0.01	-0.27
Cash	0.68	0.66	0.66	0.71	0.83	-0.4	0.01	0.64		0.63	0.66	0.96	0.64	0.76	0.29	0.4	0.68	0.62	0.41	0.83	0.69	-0.04	0.2	0.49	0.07	-0.37
Non Current Assets Total	0.96	0.86	0.6	0.95	0.79	-0.09	0.21	0.76	0.63		0.64	0.73	0.91	0.72	0.51	0.77	0.55	0.53	0.67	0.79	0.9	-0.02	0.19	0.69	0.05	-0.25
Non Currrent Assets Other	0.77	0.64	0.63	0.59	0.56	0.22	-0.32	0.82	0.66	0.64		0.71	0.8	0.66	0.77	0.69	0.69	0.76	0.84	0.56	0.82	0.39	0.61	0.2	-0.19	-0.17
Cash And Short Term Investments	0.77	0.75	0.71	0.77	0.87	-0.33	-0.06	0.71	0.96	0.73	0.71		0.72	0.82	0.37	0.46	0.69	0.69	0.52	0.87	0.77	-0.05	0.22	0.56	0.21	-0.26
Net Receivables	0.98	0.82	0.55	0.88	0.66	0.1	0.16	0.83	0.64	0.91	0.8	0.72		0.61	0.74	0.91	0.54	0.52	0.83	0.66	0.99	0.09	0.4	0.53	-0.15	-0.36
Common Stock Shares Outstanding	0.68	0.71	0.93	0.64	0.93	-0.14	-0.32	0.72	0.76	0.72	0.66	0.82	0.61		0.33	0.35	0.87	0.88	0.53	0.93	0.62	0.11	0.35	0.41	0.39	0.06
Non Current Liabilities Total	0.67	0.54	0.38	0.37	0.22	0.69	-0.22	0.51	0.29	0.51	0.77	0.37	0.74	0.33		0.8	0.36	0.49	0.96	0.22	0.74	0.6	0.82	-0.06	-0.33	-0.05
Inventory	0.87	0.61	0.35	0.74	0.42	0.32	0.31	0.67	0.4	0.77	0.69	0.46	0.91	0.35	0.8		0.3	0.25	0.81	0.42	0.9	0.16	0.48	0.34	-0.34	-0.32
Other Current Assets	0.56	0.61	0.8	0.49	0.74	-0.08	-0.4	0.7	0.68	0.55	0.69	0.69	0.54	0.87	0.36	0.3		0.85	0.5	0.74	0.54	0.18	0.39	0.25	0.11	-0.12
Other Stockholder Equity	0.54	0.66	0.88	0.37	0.68	0.13	-0.68	0.67	0.62	0.53	0.76	0.69	0.52	0.88	0.49	0.25	0.85		0.65	0.68	0.53	0.43	0.55	0.11	0.22	0.15
Total Liab	0.78	0.7	0.58	0.51	0.41	0.57	-0.27	0.67	0.41	0.67	0.84	0.52	0.83	0.53	0.96	0.81	0.5	0.65		0.41	0.83	0.52	0.77	0.09	-0.17	0.0
Property Plant And Equipment Gross	0.74	0.73	0.82	0.78	1.0	-0.35	0.01	0.7	0.83	0.79	0.56	0.87	0.66	0.93	0.22	0.42	0.74	0.68	0.41		0.67	-0.09	0.16	0.63	0.37	-0.17
Total Current Assets	0.98	0.81	0.55	0.88	0.67	0.08	0.15	0.82	0.69	0.9	0.82	0.77	0.99	0.62	0.74	0.9	0.54	0.53	0.83	0.67		0.08	0.41	0.53	-0.13	-0.35
Intangible Assets	0.04	0.13	0.23	-0.24	-0.09	0.72	-0.59	-0.01	-0.04	-0.02	0.39	-0.05	0.09	0.11	0.6	0.16	0.18	0.43	0.52	-0.09	0.08		0.77	-0.5	-0.38	0.22
Short Long Term Debt Total	0.32	0.24	0.5	0.01	0.16	0.79	-0.48	0.28	0.2	0.19	0.61	0.22	0.4	0.35	0.82	0.48	0.39	0.55	0.77	0.16	0.41	0.77		-0.47	-0.19	0.28
Common Stock Total Equity	0.61	0.61	0.18	0.79	0.63	-0.62	0.46	0.47	0.49	0.69	0.2	0.56	0.53	0.41	-0.06	0.34	0.25	0.11	0.09	0.63	0.53	-0.5	-0.47		0.23	-0.54
Short Term Investments	-0.06	0.02	0.34	0.02	0.37	-0.25	-0.2	0.01	0.07	0.05	-0.19	0.21	-0.15	0.39	-0.33	-0.34	0.11	0.22	-0.17	0.37	-0.13	-0.38	-0.19	0.23		0.51
Short Term Debt	-0.31	-0.32	0.18	-0.43	-0.17	0.44	-0.5	-0.27	-0.37	-0.25	-0.17	-0.26	-0.36	0.06	-0.05	-0.32	-0.12	0.15	0.0	-0.17	-0.35	0.22	0.28	-0.54	0.51

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Ciena Corp Account Relationship Matchups

Ciena Corp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.2B	4.9B	5.1B	5.6B	6.4B	6.8B
Other Current Liab	324.9M	392.1M	345.6M	411.1M	472.8M	496.4M
Total Current Liabilities	760.7M	909.0M	1.0B	932.0M	1.1B	558.9M
Total Stockholder Equity	2.5B	3.0B	2.7B	2.8B	3.3B	3.4B
Property Plant And Equipment Net	329.4M	329.3M	312.9M	315.3M	362.6M	191.2M
Net Debt	(324.9M)	(685.1M)	135.0M	646.5M	743.5M	780.7M
Retained Earnings	(4.3B)	(3.8B)	(3.6B)	(3.4B)	(3.0B)	(3.2B)
Accounts Payable	291.9M	356.2M	516.0M	317.8M	365.5M	383.8M
Cash	1.1B	1.4B	994.4M	1.0B	1.2B	642.4M
Non Current Assets Total	1.6B	1.7B	1.7B	2.0B	2.3B	2.4B
Non Currrent Assets Other	102.8M	99.9M	113.6M	116.5M	104.8M	113.4M
Cash And Short Term Investments	1.2B	1.6B	1.1B	1.1B	1.3B	993.2M
Net Receivables	805.2M	986.3M	1.1B	1.2B	1.4B	1.4B
Common Stock Shares Outstanding	156.0M	156.7M	152.2M	149.4M	171.8M	110.1M
Liabilities And Stockholders Equity	4.2B	4.9B	5.1B	5.6B	6.4B	6.8B
Non Current Liabilities Total	910.6M	936.2M	1.3B	1.8B	2.1B	2.2B
Inventory	344.4M	374.3M	946.7M	1.1B	1.2B	1.3B
Other Current Assets	222.2M	224.3M	214.0M	222.0M	255.3M	142.3M
Other Stockholder Equity	6.8B	6.8B	6.4B	6.3B	7.2B	5.6B
Total Liab	1.7B	1.8B	2.4B	2.8B	3.2B	3.3B
Property Plant And Equipment Gross	329.4M	329.3M	312.9M	315.3M	362.6M	191.2M
Total Current Assets	2.6B	3.2B	3.4B	3.6B	4.1B	4.3B
Accumulated Other Comprehensive Income	(35.4M)	439K	(46.6M)	(37.8M)	(34.0M)	(32.3M)
Intangible Assets	96.6M	65.3M	69.5M	205.6M	185.1M	133.9M
Short Long Term Debt Total	763.7M	737.5M	1.1B	1.7B	1.9B	1.1B
Common Stock Total Equity	1.5M	1.5M	1.5M	1.5M	1.3M	1.6M
Short Term Investments	150.7M	181.5M	154.0M	104.8M	94.3M	89.6M
Short Term Debt	28.8M	29.2M	29.6M	32.3M	37.2M	35.3M
Common Stock	1.5M	1.5M	1.5M	1.4M	1.3M	1.6M
Other Liab	82.8M	224.3M	212.7M	196.3M	225.7M	237.0M
Other Assets	737.2M	900.1M	937.6M	892.2M	1.0B	1.1B
Property Plant Equipment	329.4M	329.3M	312.9M	315.3M	362.6M	194.8M
Current Deferred Revenue	108.7M	118.0M	137.9M	154.4M	177.6M	186.5M
Long Term Debt	676.4M	670.4M	1.1B	1.5B	1.8B	982.2M
Good Will	310.8M	311.6M	328.3M	444.8M	511.5M	537.1M
Net Tangible Assets	2.1B	2.6B	2.3B	2.2B	2.5B	2.6B
Retained Earnings Total Equity	(4.6B)	(4.3B)	(3.8B)	(3.6B)	(4.2B)	(4.4B)
Long Term Debt Total	680.4M	676.4M	670.4M	1.1B	955.0M	798.6M
Capital Surpluse	6.8B	6.8B	6.8B	6.4B	7.3B	7.1B

Pair Trading with Ciena Corp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ciena Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ciena Corp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Ciena Stock

0.68

Fabrinet

Pair Corr

Moving against Ciena Stock

0.76	WBX	Wallbox NV	Pair Corr
0.5	CDW	CDW Corp	Pair Corr
0.46	VRME	VerifyMe	Pair Corr
0.45	IVAC	Intevac	Pair Corr
0.43	EVLV	Evolv Technologies Trending	Pair Corr

The ability to find closely correlated positions to Ciena Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ciena Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ciena Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ciena Corp to buy it.

The correlation of Ciena Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ciena Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ciena Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Ciena Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Ciena Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ciena Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ciena Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ciena Corp Stock:

How To Invest In Ciena

Details

Is Ciena Stock a good investment?

Details

What is Ciena Corp's Net Worth?

Details

Largest Communications Equipment Companies

View

Largest Technology Hardware & Equipment Companies

View

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ciena Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

To learn how to invest in Ciena Stock, please use our How to Invest in Ciena Corp guide.

You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

Is Communications Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ciena Corp. If investors know Ciena will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ciena Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.50)

Earnings Share

0.94

Revenue Per Share

27.627

Quarterly Revenue Growth

(0.12)

Return On Assets

0.0252

The market value of Ciena Corp is measured differently than its book value, which is the value of Ciena that is recorded on the company's balance sheet. Investors also form their own opinion of Ciena Corp's value that differs from its market value or its book value, called intrinsic value, which is Ciena Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ciena Corp's market value can be influenced by many factors that don't directly affect Ciena Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Ciena Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ciena Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ciena Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Ciena Begin Period Cash Flow vs Free Cash Flow Per Share Analysis

Begin Period Cash Flow vs Free Cash Flow Per Share

Begin Period Cash Flow vs Free Cash Flow Per Share Correlation Analysis

Correlation Coefficient

Begin Period Cash Flow

Free Cash Flow Per Share

Ciena Corp fundamental ratios Correlations

Ciena Corp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ciena Corp fundamental ratios Accounts

Pair Trading with Ciena Corp

Moving together with Ciena Stock

Moving against Ciena Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Total Current Assets	+ 0.99	Net Receivables
Net Receivables	+ 0.98	Total Assets
Total Current Assets	+ 0.98	Total Assets
Non Current Assets Total	+ 0.96	Total Assets
Cash And Short Term Investments	+ 0.96	Cash

Other Stockholder Equity	- 0.68	Retained Earnings
Common Stock Total Equity	- 0.62	Net Debt
Intangible Assets	- 0.59	Retained Earnings
Short Term Debt	- 0.54	Common Stock Total Equity
Common Stock Total Equity	- 0.5	Intangible Assets
Short Term Debt	- 0.5	Retained Earnings