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CIEN

Ciena Corp
CIK 0000936395 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
35.2
composite ยท 4 signals ยท ELEVATED

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

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Signals

P-12 ยท FY 2025-11-01 ยท ELEVATED45.1

Restatement predictor

F-Score 1.35 โ€” misstatement risk 1.4x the base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2025-12-12) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 1.352,
  "probability": 0.005,
  "components": {
    "rsst": -0.1187,
    "drec": 0.0117,
    "dinv": 0.001,
    "soft": 0.8138,
    "dcs": 0.1712,
    "droa": 0.0061,
    "issue": 1
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2025-11-01",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/936395/000162828025056698/0001628280-25-056698-index.htm",
    "form": "10-K",
    "filed": "2025-12-12"
  }
}
P-01 ยท FY 2025-11-01 ยท CLEAN16.1

Earnings quality

Beneish M-Score -2.94 โ€” no manipulation profile
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2025-12-12) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -2.938,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 0.904,
    "GMI": 1.019,
    "AQI": 1.055,
    "SGI": 1.188,
    "DEPI": 1,
    "SGAI": 1,
    "LVGI": 1.076,
    "TATA": -0.116
  },
  "defaulted_to_neutral": [
    "DEPI",
    "SGAI"
  ],
  "sloan_accruals": -0.1187,
  "inputs": {
    "revenue_t": 4769507000,
    "revenue_t1": 4014955000,
    "total_assets_t": 5864667000,
    "net_income_t": 123338000,
    "cfo_t": 806093000
  },
  "stale": false,
  "latest_filing_period": "2025-11-01",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/936395/000162828025056698/0001628280-25-056698-index.htm",
    "form": "10-K",
    "filed": "2025-12-12"
  }
}
P-05 ยท FY 2025-11-01 ยท CLEAN0.0

Tax arbitrage

ETR 21.1% โ€” within normal range of statutory
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2025-12-12) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2025-11-01": 0.2108,
    "2024-11-02": 0.2995,
    "2023-10-28": 0.2127
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2025-11-01": -0.0008,
    "2024-11-02": -0.0895,
    "2023-10-28": -0.0027
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2025-11-01",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/936395/000162828025056698/0001628280-25-056698-index.htm",
    "form": "10-K",
    "filed": "2025-12-12"
  }
}
P-13 ยท FY 2023-10-28 ยท CLEAN0.0

Zombie / distress

[FY2023 data, stale โ€” no more recent EBIT figure in XBRL] Interest coverage 4.06x โ€” servicing debt from operations
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2025-12-12) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2025-11-01": null,
    "2024-11-02": null,
    "2023-10-28": 4.062,
    "2022-10-29": 4.736
  },
  "consecutive_years_below_1": 0,
  "altman_z_double_prime": 2.646,
  "definitions": {
    "zombie": "ICR<1 for 3+ consecutive FYs (BIS 2018)",
    "z_distress": "<1.1 distress, 1.1-2.6 gray, >2.6 safe"
  },
  "inputs": {
    "ebit_t": 357545000,
    "interest_expense_t": 88026000
  },
  "stale": true,
  "latest_filing_period": "2025-11-01",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/936395/000162828025056698/0001628280-25-056698-index.htm",
    "form": "10-K",
    "filed": "2025-12-12"
  }
}