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Profile - Sorrento Networks Corp. (NasdaqNM:FIBR)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | Research | SEC | Msgs | Insider | Options | Financials
Recent Events
Sep  5Conference call: Sorrento Networks Earnings (Q2 2001)
Sep  5Earnings Announcement
Aug 30Price hit new 52-week low ($3.50)
Location
9990 Mesa Rim Road
San Diego, CA 92121
Phone: (858) 558-3960
Fax: (858) 558-3977
Email: investorrelations@sorrentonet.com
Employees (last reported count): 266
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Technology
 ·Industry: Communications Equipment
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Ownership
·Insider and 5%+ Owners: 10%
·Institutional: 19% (21% of float)
(97 institutions)
·Net Inst. Selling: 150.0K shares (+5.83%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Sorrento Networks Corporation is a supplier of end-to-end, intelligent optical networking solutions for metro and regional applications worldwide. The Company's solutions enable communication service providers to increase bandwidth utilization, reduce network costs and complexity and provide a scaleable and efficient networking platform to address the rapidly growing demand for bandwidth. The Company's systems allow communication service providers to relieve the growing traffic bottlenecks in the metropolitan and regional networks by supporting a wide variety of protocols, mixed speeds of traffic and changing traffic patterns directly over optical networks. The Company's optical multiplexing platform can be used in both metropolitan and regional network applications. The Company's comprehensive suite of optical networking interfaces and optical access multiplexers allow it to also address the optical access market.
More from Market Guide: Expanded Business Description

Financial Summary
Sorrento Networks Corp., designs, manufactures and markets optical networking products for use in intra-city or metropolitan networks. For the three months ended 4/30/01, revenues rose 44% to $14.5 million. Net loss applicable to Common fell 55% to $5.9 million. Revenues reflect the initial deployment and additional shipments of GigaMux with OC-192. Lower loss reflects benefits derived from the cost controls initiated by the management.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Pay

Xin Cheng, Ph.D., 45
Chairman, CEO
$239K
James Dixon, 53
Pres, COO, Director
154K
Joe Armstrong, 52
CFO
--  
Leonard Hecht, 64
Exec. VP
105K
Richard Jacobson, 58
Sr. VP, Legal, Sec.
184K
Dollar amounts are as of 31-Jan-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc..
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NasdaqNM:FIBRAs of 31-Aug-2001
Price and Volume
52-Week Low
on 30-Aug-2001
$3.50 
Recent Price$4.28 
52-Week High
on 5-Sep-2000
$64.50 
Beta3.83 
Daily Volume (3-month avg)755.4K
Daily Volume (10-day avg)540.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change-92.5%
52-Week Change
relative to S&P500
-89.9%
Share-Related Items
Market Capitalization$60.7M
Shares Outstanding14.2M
Float12.8M
Dividends & Splits
Annual Dividendnone 
Last Split: 1 for 3 on 24-July-1998
Per-Share Data
Book Value (mrq)$1.58 
Earnings (ttm)-$3.03 
Earnings (mrq)-$0.45 
Sales (ttm)$3.99 
Cash (mrq)$2.65 
Valuation Ratios
Price/Book (mrq)2.71 
Price/EarningsN/A 
Price/Sales (ttm)1.07 
Income Statements
Sales (ttm)$49.1M
EBITDA (ttm)-$40.9M
Income available to common (ttm)-$36.7M
Profitability
Profit Margin (ttm)-71.0%
Operating Margin (ttm)-87.7%
Fiscal Year
Fiscal Year EndsJan 31
Most recent quarter30-Apr-2001
Management Effectiveness
Return on Assets (ttm)-19.58%
Return on Equity (ttm)-34.94%
Financial Strength
Current Ratio (mrq)2.87 
Debt/Equity (mrq)0.26 
Total Cash (mrq)$37.5M
Short Interest
As of 8-Aug-2001
Shares Short5.08M
Percent of Float39.7%
Shares Short
(Prior Month)
2.57M
Short Ratio5.70 
Daily Volume891.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-Apr-2001)

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