Ciena/$CIEN
1D1W1MYTD1Y5YMAX
Capital at risk
About Ciena
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.
- Ticker
- $CIEN
- Sector
- Communication
- Primary listing
- NYSE
- Employees
- 8,989
- Headquarters
- Fulton, United States
- Website
- www.ciena.com
Ciena Metrics
BasicAdvanced
$50B
79.31
$4.47
1.31
-
Price and volume
Market cap
$50B
Beta
1.31
52-week high
$637.51
52-week low
$143.19
Average daily volume
2.4M
Financial strength
Current ratio
3.797
Quick ratio
2.788
Long term debt to equity
1.069
Total debt to equity
1.075
Interest coverage (TTM)
12.16%
Profitability
EBITDA (TTM)
1,025.539
Gross margin (TTM)
44.07%
Net profit margin (TTM)
10.87%
Operating margin (TTM)
14.12%
Effective tax rate (TTM)
9.82%
Revenue per employee (TTM)
$670,000
Management effectiveness
Return on assets (TTM)
7.73%
Return on equity (TTM)
22.40%
Valuation
Price to earnings (TTM)
79.312
Price to revenue (TTM)
8.374
Price to book
16.48
Price to tangible book (TTM)
21.39
Price to free cash flow (TTM)
61.916
Free cash flow yield (TTM)
1.62%
Free cash flow per share (TTM)
5.732
Growth
Revenue change (TTM)
32.57%
Earnings per share change (TTM)
356.82%
3-year revenue growth (CAGR)
12.51%
10-year revenue growth (CAGR)
8.86%
3-year earnings per share growth (CAGR)
44.82%
10-year earnings per share growth (CAGR)
39.36%
What the Analysts think about Ciena
Analyst ratings (Buy, Hold, Sell) for Ciena stock.
Analyst projections of the future price of Ciena stock.
Bulls say / Bears say
AI and cloud spending are translating into strong current growth: third-quarter revenue rose 37% year on year, while direct cloud-provider revenue grew 82% and reached 53% of sales. Ciena raised fiscal 2026 revenue guidance to $6.42 billion and sees at least 30% growth in fiscal 2027. (Ciena, Yahoo Finance)
Ciena has unusually strong demand visibility, with backlog rising to $8.5 billion and expected to exceed $10 billion by the end of fiscal 2026. Long-term component agreements through 2029 could help the company convert that backlog as hyperscalers expand AI and data-centre networks. (Light Reading, Yahoo Finance)
Profitability is improving rapidly as higher volumes and product mix provide operating leverage: third-quarter adjusted operating margin reached a record 22.5%, versus 10.7% a year earlier. Management is targeting a 25% to 27% adjusted operating margin for fiscal 2027, while newer products such as Hyper-Rail are expected to carry better economics. (Yahoo Finance, The Motley Fool)
Supply, rather than demand, is limiting near-term growth, so a large backlog does not automatically become revenue. Management expects the supply-demand imbalance to persist into 2028, while securing capacity requires upstream investment and is expected to reduce fourth-quarter operating cash flow. (Light Reading, Yahoo Finance)
The AI opportunity is concentrated among a small number of customers: two customers together generated 41.7% of third-quarter revenue, and roughly half of the business now comes directly from hyperscalers. A delay or cut in a major cloud customer's spending could therefore have an outsized effect on results. (Converge Digest, Yahoo Finance)
The shares still face a high expectations bar after their AI-led re-rating: Ciena's fourth-quarter revenue guidance was viewed as broadly in line rather than an upside surprise, and analyst price targets were cut after the results. That leaves the stock vulnerable if growth, margins or component availability fall even slightly short of expectations. (24/7 Wall St., Seeking Alpha)
Data summarised monthly by Lightyear AI. Last updated on 17 Sept 2026.
Ciena Financial Performance
Revenues and expenses
Ciena Earnings Performance
Company profitability
Upcoming events
No upcoming events
Ciena News
AllArticlesVideos
Funds containing Ciena
AllEURGBPUSD
Fund name | Fund size | $CIEN weighting |
|---|---|---|
iShares Digital Security€L0CK | €1.7B | 1.68% |
Xtrackers Artificial Intelligence And Big Data€XAIX | €7.9B | 0.28% |
Xtrackers Artificial Intelligence And Big Data£XAIX | £6.8B | 0.28% |
iShares S&P 500 Equal Weight€O4J0 | €4.3B | 0.21% |
iShares S&P 500 Equal Weight£EWSP | £3.7B | 0.21% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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