Receive a complete Daily History of this Stock You can receive a complete daily file of this issue since 1970 or stock inception. We will email you the file in ASCII format within a few hours or ordering. Product Details | Order

Business Description
CIENA Corporation is engaged in the intelligent optical networking equipment market. The Company offers a portfolio of products for communications service providers worldwide. The Company's customers include long-distance carriers, competitive and incumbent local exchange carriers, Internet service providers, wireless and wholesale carriers. CIENA offers optical transport and intelligent optical switching systems that enable service providers to provision, manage and deliver high-bandwidth services to their customers. The Company has pursued a strategy to develop and leverage the power of disruptive technologies to change the fundamental economics of building carrier-class tele- and data-communications networks, thereby providing its customers with a competitive advantage. CIENA's intelligent optical networking products are designed to enable carriers to deliver any time, any size, any priority bandwidth to their customers.

Financial Information
CIENA Corporation designs, manufactures and sells open architecture, DWDM systems for fiberoptic communications networks, optical networking solutions and access systems. For the nine months ended 7/31/02, revenues fell 76% to $299.2 million. Net loss totaled $842.7 million vs. an income of $8.2 million. Revenues reflect a decrease in revenues from 41 different optical networking equipment customers. Net loss reflects $146.7 million restructuring costs.