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Ciena Corporation (CIEN)

320.72 -28.73 (-8.22%)
At close: October 30 at 4:00:02 PM EDT
323.87 +3.14 (+0.98%)
After hours: October 30 at 7:43:09 PM EDT
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What's happening with CIEN?

38m ago
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Ciena’s fiscal third-quarter results showed 37% year-over-year revenue growthand an $8.5 billion backlog. Management raised fiscal 2026 guidance and expects backlog to exceed $10 billion, while customer concentration, supply commitments, and premium valuation remain key risks. The company also launched a $200 million venture fundfocused on networking and data-center technologies.

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  • Previous Close 349.45
  • Open 326.00
  • Bid 320.72 x 8000
  • Ask 322.00 x 4000
  • Day's Range 313.27 - 332.72
  • 52 Week Range 168.22 - 637.51
  • Volume 3,097,244
  • Avg. Volume 2,638,201
  • Market Cap (intraday) 45.481B
  • Beta (5Y Monthly) 1.29
  • PE Ratio (TTM) 71.75
  • EPS (TTM) 4.47
  • Earnings Date (est.) Dec 10, 2026
  • Forward Dividend & Yield -- (0.00%)
  • 1y Target Est 512.99
  • Morningstar Rating Rating available with Stock Picks access

Ciena Corporation, a network technology company, provides hardware, software, and services for various network operators in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and India. It operates through Networking Platforms, Platform Software and Services, Blue Planet Automation Software and Services, and Global Services segments. The Networking Platforms segment consists optical networking, routing, and switching products and services. This segment products include the 6500 Packet-Optical Platform, Waveserver modular interconnect system, the 6500 Reconfigurable Line System, and coherent pluggable transceivers; and the 3000 family of service delivery platforms and the 5000 family of service aggregation, as well as the 8100 Coherent Routing platforms and virtualization software. The Platform Software and Services segment offers navigator network control suite; and software subscription services, consulting, network migration and integration, installation and upgrade support services, and technical support solutions. The Blue Planet Automation Software and Services segment inventory management, orchestration, route optimization and analysis, and unified assurance and analytics software; and sells subscription, installation, support, consulting, and design services related to the Blue Planet automation platform. The Global Services segment provides services for advisory and enablement, implementation, and maintenance, support, and learning activities. Ciena Corporation was incorporated in 1992 and is headquartered in Fulton, Maryland.

www.ciena.com

8,898

Full Time Employees

November 01

Fiscal Year Ends

Technology

Sector

Performance Overview

Trailing total returns as of 10/30/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

CIEN
37.14%
S&P 500 (^GSPC)
10.73%

1-Year Return

CIEN
69.73%
S&P 500 (^GSPC)
11.11%

3-Year Return

CIEN
681.10%
S&P 500 (^GSPC)
81.91%

5-Year Return

CIEN
490.75%
S&P 500 (^GSPC)
64.59%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q3 FY26
Revenue 1.67B
Earnings 266.42M
Profit Margin 15.94%

Q4

FY25

Q1

FY26

Q2

FY26

Q3

FY26

0
500M
1B
2B
5.0%
10.0%
15.0%

Analyst Insights

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Top Analyst

JP Morgan
69/100
Latest Rating
Overweight

Analyst Price Targets

347.00
512.99 Average
320.72 Current
660.00 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 9/30/2026
Analyst Bernstein
Rating Action Initiated
Rating Outperform
Price Action Announces
Price Target 440

Statistics

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Valuation Measures

Annual
As of 10/30/2026
  • Market Cap

    45.48B

  • Enterprise Value

    46.14B

  • Trailing P/E

    71.75

  • Forward P/E

    31.35

  • PEG Ratio (current)

    8.28

  • Price/Sales (ttm)

    7.78

  • Price/Book (mrq)

    14.85

  • Enterprise Value/Revenue

    7.66

  • Enterprise Value/EBITDA

    50.86

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    10.87%

  • Return on Assets (ttm)

    7.73%

  • Return on Equity (ttm)

    22.40%

  • Revenue (ttm)

    6.02B

  • Net Income Avi to Common (ttm)

    654.41M

  • Diluted EPS (ttm)

    4.47

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    2.63B

  • Total Debt/Equity (mrq)

    107.50%

  • Levered Free Cash Flow (ttm)

    633.37M

Compare

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Company Insights

Fair Value

320.72 Current

Dividend Score

0 Low
Sector Avg.
100 High

Hiring Score

0 Low
Sector Avg.
100 High

Insider Sentiment Score

0 Low
Sector Avg.
100 High

Research Reports

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  • Daily – Vickers Top Buyers & Sellers for 09/28/2026

    The Vickers Top Buyers & Sellers is a daily report that identifies the five companies the largest insider purchase transactions based on the dollar value of the transactions as well as the five companies the largest insider sales transactions based on the dollar value of the transactions.

  • Ciena Investor Forum: Fiscal 2029 Financial Targets Are Lofty but Achievable

    Ciena is a leader in high-speed optical connectivity, providing systems, components, and automation software for telecom providers and enterprises, such as data centers, to enable long-distance connectivity. The company operates through four primary business segments: networking platforms, platform software and services, Blue Planet automation software, and global services. While telecom carriers remain important customers, cloud providers and hyperscalers now drive a significant portion of the business. To meet the demands of AI data centers, customers are adopting Ciena's WaveLogic 6 platform, the first to support 1.6 terabits-per-second capacity.

  • On Wednesday, the stock market dribbled lower once again. All things considered,

    On Wednesday, the stock market dribbled lower once again. All things considered, stocks are holding up pretty well in the face of consistently rising energy prices and Treasury yields. The S&P 500 (SPX) fell for a third day in a row but remains within 2% of its all-time closing high reached on August 13. From a technical perspective, volatility (VOL) is nowhere to be seen in the major indices, as the SPX daily Bollinger Band width has been at its tightest level of the year since late August. A tight pinch in VOL generally is a prescription for a decent move in price action one way or the other. Maybe today's August CPI and/or Friday's PPI will light a fire under the bulls or the bears.

  • Broadening AI opportunity

    Ciena participates in optical transport and switching, converged optical Ethernet solutions, carrier Ethernet, and global services for its customers. The addition of Nortel MEN in March 2010 more than doubled the revenue base.

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