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Ciena Corporation (CIEN)

357.70 -5.51 (-1.52%)
As of 11:36:52 AM EDT. Market Open.
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18m ago
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Ciena’s investment story centers on strong AI-driven optical networking demand, an $8.5 billion backlog, and sharply improved operating margins. The main debate is valuation: future returns depend on converting backlog into revenue while protecting cash flow amid component shortages and concentrated hyperscaler exposure.

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  • Previous Close 363.21
  • Open 348.60
  • Bid 359.19 x 4000
  • Ask 360.31 x 4000
  • Day's Range 340.01 - 361.95
  • 52 Week Range 168.22 - 637.51
  • Volume 1,156,954
  • Avg. Volume 2,614,873
  • Market Cap (intraday) 50.725B
  • Beta (5Y Monthly) 1.29
  • PE Ratio (TTM) 80.02
  • EPS (TTM) 4.47
  • Earnings Date Sep 3, 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

Recent News

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Performance Overview

Trailing total returns as of 10/29/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

CIEN
52.95%
S&P 500 (^GSPC)
12.84%

1-Year Return

CIEN
88.99%
S&P 500 (^GSPC)
12.10%

3-Year Return

CIEN
772.01%
S&P 500 (^GSPC)
87.61%

5-Year Return

CIEN
558.87%
S&P 500 (^GSPC)
67.73%

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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Analyst Price Targets

347.00
512.99 Average
357.70 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
  • Market Cap

  • Enterprise Value

  • Trailing P/E

  • Forward P/E

  • PEG Ratio (current)

  • Price/Sales (ttm)

  • Price/Book (mrq)

  • Enterprise Value/Revenue

  • Enterprise Value/EBITDA

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

Company Insights

Research Reports

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