Ciena / CIEN
A Ciena technician installs an optical module. (Photo: Photo by Marshall Clarke)
About Ciena
1201 Winterson Rd., Linthicum, Md. 21090
www.ciena.com
| 410-694-5700
| Founded: 1992
Industry: Telecommunications | Category: Public Companies
The maker of gear for fiber-optic networks is being hurt by expansion delays from phone companies. This year it cut its workforce by 9 percent and closed a facility in Acton, Mass. While the Obama administration has a plan to build broadband lines, Ciena doesn't expect a boost from stimulus spending. Its customers include the biggest telecoms, including Sprint, Verizon and AT&T, all of which have faster high-speed wireless Internet networks planned.
Executive chairman: Patrick H. Nettles
President and CEO: Gary B. Smith
2008 Financial Data
Revenues: $902,448,000 | Net Income: $38,894,000Asssets: $2,024,594,000 | Earnings Per Share: $0.42
Stockholder Equity: $998,949,000 | Annual Dividend: $0.00
Total employees: 2,203 | Local employees: 685
