Ciena Corp

NYSE CIEN

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Ciena Corp Inventory Turnover Ratio for the year ending October 31, 2023: 2.39

Ciena Corp Inventory Turnover Ratio is 2.39 for the year ending October 31, 2023, a 9.02% change year over year. The inventory turnover ratio measures the efficiency of a company's inventory management by assessing how quickly it sells and replaces its inventory. It is calculated by dividing the cost of revenue by the average inventory value. This ratio indicates the number of times the company's inventory is sold and replaced within a specific period. A higher turnover ratio suggests efficient inventory management, while a lower ratio may indicate slow sales or excess inventory.

Ciena Corp Inventory Turnover Ratio for the year ending October 31, 2022 was 2.19, a -56.85% change year over year.
Ciena Corp Inventory Turnover Ratio for the year ending October 31, 2021 was 5.07, a -7.03% change year over year.
Ciena Corp Inventory Turnover Ratio for the year ending October 31, 2020 was 5.46, a -7.25% change year over year.
Ciena Corp Inventory Turnover Ratio for the year ending October 31, 2019 was 5.88, a -13.13% change year over year.

NYSE: CIEN

Ciena Corp

CEO	Dr. Patrick H. Nettles
IPO Date	Feb. 7, 1997
Location	United States
Headquarters	7035 Ridge Road, Hanover, MD, United States, 21076
Employees	8,313
Sector	Technology
Industry	Communication equipment

Description

Ciena Corporation provides hardware and software services for delivery of video, data, and voice traffic metro, aggregation, and access communications network worldwide. The company's Networking Platforms segment offers convergence of coherent optical transport, open optical networking, optical transport network switching, IP routing, and switching services. Its products include 6500 Packet-Optical Platform, Waveserver stackable interconnect system, and the 6500 Reconfigurable line system, and the 5400 family of Packet-Optical platforms, as well as 8100 coherent routing platforms; 3000 family of service delivery switches and the 5000 family of service aggregation switches, as well as 8700 Packetwave Platform and 6500 Packet Transport System. This segment also sells operating system software and enhanced software features embedded in each of its products. The company's Blue Planet Automation Software and Services segment provides multi-domain service orchestration, inventory, route optimization and analysis, multi-cloud orchestration, and unified assurance and analytics services. Its Platform Software and Service segment offers MCP domain controller solution, and OneControl unified management system, as well as planning tools. The company's Global Services segment provides maintenance support and training, installation and deployment, and consulting and network design services. Ciena Corporation was incorporated in 1992 and is headquartered in Hanover, Maryland.

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