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Ciena CIEN Impairment of intangible assets

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Other financials

Income statement

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Revenue$1.6B+39.5%
Gross profit$691.6M+52.7%
Operating income$237.9M+624%
Net income$218.2M+2,333%
EPS (diluted)$1.49+2,383%

Balance sheet

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Cash & equivalents$1.0B+10.0%
Total debt$1.6B-0.8%
Total equity$2.9B+4.2%
Total assets$6.0B+6.7%

Cash flow

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Operating cash flow$259.7M+65.5%
CapEx$41.0M+42.8%
Free cash flow$218.7M+70.5%

Valuation

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Market cap$57.87B+334%
Enterprise value$58.4B+321%
P/E132×+37.4×
P/S10.4×+7.5×

Profitability

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Gross margin43%+1.1pp
Operating margin9.2%+4.5pp
Net margin7.9%+5.4pp
FCF margin15%

Returns & leverage

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Return on equity15.5%+11.8pp
Debt / equity0.5×0.0×
Current ratio2.7×-0.7×

Where this comes from

Reported directly by Ciena in its filing.

Tagged under the XBRL concept us-gaap:ImpairmentOfIntangibleAssetsFinitelived.

The source filing: Ciena’s 10-K, filed December 12, 2025.

Filed
Dec 12, 2025
Fiscal year
FY2025
Accession
0001628280-25-056698
Line itemYear Ended / November 1, 2025Year Ended / November 2, 2024Year Ended / October 28, 2023
Adjustments to reconcile net income to net cash provided by operating activities:
Loss on extinguishment of debt1,864
Depreciation of equipment, building, furniture and fixtures, and amortization of leasehold improvements104,13392,84692,564
Abandonment of acquired in-process research and development89,100
Share-based compensation costs184,525156,404130,455
Amortization of intangible assets36,20540,62449,616
Deferred taxes(23,173)(76,810)(14,852)
Provision for inventory excess and obsolescence48,42477,34129,464

Item 8. Financial Statements and Supplementary Data

FAQ

What is Ciena's impairment of intangible assets?
Ciena (CIEN) reported impairment of intangible assets of $22.28M in Q3 2025.
What does impairment of intangible assets mean?
This represents a non-cash charge taken when the carrying value of an intangible asset, such as acquired technology or patents, exceeds its fair value. It indicates that the asset's future economic benefit has diminished.

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