Ciena Corporation

Ciena Corporation

CIEN
Ciena CorporationUS flagNew York Stock Exchange
349.54
USD
+14.98
- -
49.48BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
20.35
21.63
20.65
18.8
19.73
21.53
22.94
22.89
23.32
24.02
29.45
27.74
33.54
42.38
Basic EPS, GAAP
-0.83
-0.38
0.1
0.52
8.89
-2.4
1.63
2.34
3.22
1.01
1.71
0.58
0.87
4.61
Free Cash Flow per Basic Share
0.01
0.39
1.69
1.32
0.99
1.12
2.25
2.66
2.98
-1.71
0.42
2.61
4.68
5.73
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-0.82
-0.65
4.58
5.48
14.93
12.5
14.07
16.24
19.5
18.28
19.67
19.74
19.35
21.54
Tangible Book Value per Share
-2.67
-1.85
1.19
2.52
12.36
9.61
11.41
13.6
17.07
15.6
15.18
15.47
14.07
16.59
Basic Weighted Avg Shares
102
106
118
138
142
144
156
154
155
151
149
145
142
142
Sales/Revenue/Turnover
2,083
2,288
2,446
2,601
2,802
3,094
3,572
3,532
3,621
3,633
4,387
4,015
4,770
6,021
Operating Margin (%)
0.26
2.01
5.5
6.37
8.52
8.18
10.49
14.54
14.57
7.08
8.77
4.76
6.52
14.12
Depreciation Expense
127
113
136
142
123
110
123
133
132
140
142
133
140
175
Net Income, GAAP
-85
-41
12
73
1,262
-345
253
361
500
153
255
84
123
654
Effective Tax Rate (%)
- -
- -
50.9
16.3
- -
331.68
19.08
20.76
- -
16.22
21.27
29.95
21.08
9.82
Profit Margin (%)
-4.1
-1.78
0.48
2.79
45.04
-11.14
7.09
10.23
13.81
4.21
5.81
2.09
2.59
10.87
Working Capital
781
912
1,197
1,122
969
1,180
1,536
1,850
2,280
2,345
2,644
2,545
2,257
3,877
LT Debt
1,212
1,279
1,285
1,042
657
755
746
799
775
1,157
1,625
1,602
1,595
3,268
Total Equity
-83
-70
621
766
2,136
1,929
2,173
2,510
3,020
2,713
2,848
2,816
2,729
3,057
Return on Invested Capital (%)
- -
- -
3.76
6.64
- -
-19.35
10.26
12.41
- -
5.35
6.97
2.88
5.3
14.01
Return on Capital (%)
- -
- -
2.28
6.02
- -
-16.26
10.11
12.35
- -
5.11
7.81
3.42
4.45
13.41
Return on Common Equity (%)
- -
- -
- -
10.46
86.95
-16.96
12.36
15.43
18.09
5.33
9.16
2.96
4.45
22.4

Capital Structure

FRC

in mil. unless spec.
Jan'26
Apr'26
Jul'26
ST Debt
30
29
17
LT Borrowings
1,525
1,520
3,230
LT Finance Leases
34
32
39
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
141
142
142
Market Capitalization
35,619
74,704
53,502

Working Capital

FRC

in mil. unless spec.
Jan'26
Apr'26
Jul'26
Total Current Assets
3,541
3,568
5,263
Cash, Cash Equivalents & STI
1,300
1,203
2,630
Accounts Receivable, Net
967
1,053
1,234
Inventories
846
808
872
Total Current Liabilities
1,258
1,309
1,386
Payables & Accruals
718
786
903
ST Debt
30
29
17
Deferred Revenue
290
238
211

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
23.16%
2.19%
-3.08%
Free Cash Flow
43.41%
63.34%
76.05%
Net Income, GAAP
191.8%
3.11%
46.91%
Sales/Revenue/Turnover
7.27%
6.78%
18.79%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,038
911
942
1,124
4,015
2025
1,072
1,126
1,219
1,352
4,770
2026
1,427
1,571
1,671
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.58
2025
- -
- -
- -
- -
0.87
2026
- -
- -
1.88
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Gary Smith
Full Time Employees
8,989
Sector
Technology
Industry
Communication Equipment
Address
7035 Ridge Road Hanover Maryland MD United States of America 21076
IPO Date
Feb 7, 1997
Website
ciena.com
Business
Ciena Corporation provides networking systems, services, and software that enable high-speed connectivity solutions for telecommunications carriers, cloud providers, enterprises, and government organizations worldwide. Founded in 1992 and headquartered in Hanover, Maryland, the company offers optical networking platforms including the 6500 family of Packet-Optical Platforms, WaveLogic family of coherent optics supporting 100G to 1.6 Tb/s wavelengths, Waveserver family for edge-to-core transport, and Coherent ELS edge line systems; routing and switching products such as the 3000, 5000, and 8000 families with support for PON, Ethernet, MPLS, IP, and segment routing, coherent routers, WaveRouter family for IP-optical convergence, enterprise routers, and business service platforms for 1GbE/10GbE; broadband solutions encompassing uOLT, routers, platforms, and network management; multi-layer control software; intelligent automation via the Blue Planet Cloud Native Platform with Inventory, Orchestration, Assurance modules powered by AI analytics, and comprehensive Ciena Services for build, operate, and improve phases. Ciena operates globally across the Americas, EMEA, and Asia-Pacific regions, serving major customers like AT&T, Lumen, Comcast, and hyperscalers with adaptive networks optimized for AI workloads, big data, cloud computing, and 5G. In recent developments, Ciena agrees to acquire Nubis Communications for $270 million to enhance high-performance optical and electrical interconnects for data center AI applications, expected to close in fiscal fourth quarter 2025; partners with Flex to expand U.S. manufacturing of pluggable OLTs and ONUs supporting BEAD-funded broadband projects; deploys WaveLogic 6 technology with Lumen for AI-enabled capacity upgrades and with Comcast to extend rural fiber reach; and achieves records like 1.6 Tb/s transmissions with Altibox and Telia Norway while launching quantum-secure projects with REDIMadrid.

Company News

  • Ciena Climbs 5% as Post-Earnings Selloff Reverses; Arista Networks Rises 5%, Cisco Jumps 4%

  • Ciena's 2027 Growth Guide Raises the Stakes for AI Optical Demand

  • CIEN Falls 15.2% in a Week as AI Growth Faces Persistent Supply Risks

  • Adobe vs. Ciena: Which Technology Stock Is a Better Buy in 2026?

  • Is Ciena a Buy as 30% Growth Meets Its Premium Forward Valuation?

  • Ciena's Q3 Delivers Textbook Buying Opportunity (Upgrade)

  • Can Ciena Sustain Its Strong Growth Amid Rising Optical Demand?

  • Can Ciena Convert Its $8.5B Backlog Despite Supply Constraints?

  • Looking for a Growth Stock? 3 Reasons Why Ciena (CIEN) is a Solid Choice

  • Ciena Stock Down 14% in the Past Month: Time to Buy, Hold or Sell?

  • 3 AI Optical Networking Stocks Positioned for the Data Center Buildout

  • California State Teachers Retirement System Acquires 104,538,607 Shares of Ciena Corporation $CIEN

  • Don't Overlook These 2 AI-Driven Tech Stocks After Earnings: CIEN, NTAP

  • Ciena Q3 Earnings Call Flags Supply as Key Constraint on 2027 Growth

  • Ciena Outlines Strong 2027 Outlook: What's Fueling the Momentum?

  • Ciena: The Business Is Better Than Ever, But The Stock Isn't Cheap

  • Why Ciena Stock Just Crashed

  • Ciena Corporation Tumbles 10% as In-Line Guidance Overshadows Earnings Beat, Arista Edges Higher

  • Most Active Options Report: SNOW, CPB, CIEN, ACMR, SCHD

  • Ciena Corporation (CIEN) Q3 2026 Earnings Call Transcript