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Ciena Corporation (CIEN)

372.77 -23.02 (-5.82%)
As of 11:11:05 AM EDT. Market Open.
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5m ago
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Ciena is experiencing significant growth driven by AI demand and a robust backlog, but faces challenges from competition and supply constraints. Recent analyst downgrades have raised concerns about its valuation and future growth potential.

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  • Previous Close 395.79
  • Open 386.26
  • Bid --
  • Ask --
  • Day's Range 362.48 - 386.26
  • 52 Week Range 89.41 - 637.51
  • Volume 593,321
  • Avg. Volume 2,775,316
  • Market Cap (intraday) 52.767B
  • Beta (5Y Monthly) 1.32
  • PE Ratio (TTM) 123.84
  • EPS (TTM) 3.01
  • Earnings Date Sep 3, 2026
  • Forward Dividend & Yield --
  • Ex-Dividend Date --
  • 1y Target Est 557.29

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 Hanover, Maryland.

www.ciena.com

8,898

Full Time Employees

November 01

Fiscal Year Ends

Performance Overview

Trailing total returns as of 8/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

CIEN
59.39%
S&P 500 (^GSPC)
11.71%

1-Year Return

CIEN
315.07%
S&P 500 (^GSPC)
18.25%

3-Year Return

CIEN
806.76%
S&P 500 (^GSPC)
74.73%

5-Year Return

CIEN
562.47%
S&P 500 (^GSPC)
70.45%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized
 

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q2 FY26
Revenue 1.57B
Earnings 218.22M
Profit Margin 13.89%

Q3

FY25

Q4

FY25

Q1

FY26

Q2

FY26

0
500M
1B
2B
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
 

Analyst Insights

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Top Analyst

JP Morgan
70/100
Latest Rating
Overweight
 

Analyst Price Targets

270.00 Low
557.29 Average
372.77 Current
720.00 High
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Latest Rating

Date 8/24/2026
Analyst Rosenblatt
Rating Action Maintains
Rating Buy
Price Action Maintains
Price Target 720 -> 720
 

Statistics

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Valuation Measures

Annual
As of 8/21/2026
  • Market Cap

    56.03B

  • Enterprise Value

    56.40B

  • Trailing P/E

    131.93

  • Forward P/E

    47.85

  • PEG Ratio (5yr expected)

    0.68

  • Price/Sales (ttm)

    10.34

  • Price/Book (mrq)

    19.37

  • Enterprise Value/Revenue

    10.13

  • Enterprise Value/EBITDA

    77.28

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    7.87%

  • Return on Assets (ttm)

    6.66%

  • Return on Equity (ttm)

    15.46%

  • Revenue (ttm)

    5.57B

  • Net Income Avi to Common (ttm)

    438.3M

  • Diluted EPS (ttm)

    3.01

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    1.2B

  • Total Debt/Equity (mrq)

    54.65%

  • Levered Free Cash Flow (ttm)

    700.93M

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Company Insights

Fair Value

372.77 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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  • Ciena Earnings: Stock Drop Amid Record Results Underscores Exceedingly Lofty Expectations in Optics

    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.

    Rating
    Price Target
     
  • Ciena Earnings: Stock Drop Amid Record Results Underscores Exceedingly Lofty Expectations in Optics

    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.

    Rating
    Price Target
     
  • Ciena Earnings: Stock Drop Amid Record Results Underscores Exceedingly Lofty Expectations in Optics

    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.

    Rating
    Price Target
     
  • Raising target price to $650 on 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.

    Rating
    Price Target
     

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