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    Ciena Corp (CIEN)

    Official site

    TECHNOLOGY ā€¢ COMMUNICATION EQUIPMENT ā€¢ NYSE

    $359.60
    -40.80 (-10.19%)

    Market Cap: $50.99B

    Last updated: Oct 16, 2026 at 1:54 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    45%(18/40)
    Avg Surprise
    -1.45%
    Streak
    2 Q

    Upcoming Estimates

    Period ending Oct 31, 2026
    EPS Consensus$2.82
    Range$2.64 - $2.98
    19 analysts
    Revenue Consensus
    $1.9B
    Range$1.9B - $1.9B
    15 analysts
    Period ending Jan 31, 2027
    EPS Consensus$2.36
    Range$2.10 - $2.59
    15 analysts
    EPS Revisions
    2
    0
    7d
    13
    0
    30d
    EPS Estimate DriftChange to current
    90d ago$1.99+18.3%
    60d ago$1.99+18.3%
    30d ago$2.00+17.8%
    7d ago$2.36-0.3%
    Current$2.36
    Revenue Consensus
    $1.8B
    Range$1.8B - $1.9B
    11 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Jan 27EST
    		-$2.36---
    Oct 26EST
    		-$2.82---
    Jul 26
    Reported Sep 3
    		$1.91$1.46+30.82%Beat+445.7%
    Apr 26
    Reported Jun 4
    		$1.64$1.46+12.33%Beat+2549.4%
    Jan 26
    Reported Mar 5
    		$1.03$1.16-11.21%Miss+232.3%
    Oct 25
    Reported Dec 11
    		$0.13N/A-82.89%Miss-48.0%
    Jul 25
    Reported Sep 4
    		$0.35$0.53-33.96%Miss+257.5%
    Apr 25
    Reported Jun 5
    		$0.06N/A-88.10%Miss+151.6%
    Jan 25
    Reported Mar 11
    		$0.31$0.41-24.39%Miss-8.8%
    Oct 24
    Reported Dec 12
    		$0.25N/A-61.54%Miss-59.7%
    Jul 24
    Reported Sep 4
    		$0.10N/A-62.35%Miss-51.1%
    Apr 24
    Reported Jun 6
    		$-0.12$0.15-180.00%Miss-131.6%
    Jan 24
    Reported Mar 7
    		$0.34$0.48-29.17%Miss-33.3%
    Oct 23
    Reported Dec 7
    		$0.62$0.69-10.14%Miss+59.0%
    Jul 23
    Reported Aug 31
    		$0.20N/A-60.78%Miss+186.1%
    Apr 23
    Reported Jun 6
    		$0.38$0.61-37.70%Miss+52.0%
    Jan 23
    Reported Mar 6
    		$0.51$0.36+41.67%Beat+75.9%
    Oct 22
    Reported Dec 8
    		$0.39$0.08+387.50%Beat-40.9%
    Jul 22
    Reported Sep 1
    		$0.07N/A-79.44%Miss-95.4%
    Apr 22
    Reported Jun 2
    		$0.25N/A-53.70%Miss-62.1%
    Jan 22
    Reported Mar 7
    		$0.29$0.45-35.56%Miss-44.2%
    Oct 21
    Reported Dec 9
    		$0.66$0.85-22.35%Miss+10.0%
    Jul 21
    Reported Sep 2
    		$1.52$0.79+92.41%Beat+43.4%
    Apr 21
    Reported Jun 3
    		$0.66$0.48+37.50%Beat-13.2%
    Jan 21
    Reported Mar 4
    		$0.52$0.45+15.56%Beat+0.0%
    Oct 20
    Reported Dec 10
    		$0.60$0.63-4.76%Miss+3.4%
    Jul 20
    Reported Sep 3
    		$1.06$0.82+29.27%Beat+49.3%
    Apr 20
    Reported Jun 4
    		$0.76$0.52+46.15%Beat+58.3%
    Jan 20
    Reported Mar 5
    		$0.52$0.38+36.84%Beat+57.6%
    Oct 19
    Reported Dec 12
    		$0.58$0.63-7.94%Miss+9.4%
    Jul 19
    Reported Sep 5
    		$0.71$0.58+22.41%Beat+47.9%
    Apr 19
    Reported Jun 6
    		$0.48$0.41+17.07%Beat+108.7%
    Jan 19
    Reported Mar 5
    		$0.33$0.30+10.00%Beat+120.0%
    Oct 18
    Reported Dec 13
    		$0.53$0.48+10.42%Beat+15.2%
    Jul 18
    Reported Aug 30
    		$0.48$0.36+33.33%Beat-5.9%
    Apr 18
    Reported May 31
    		$0.23$0.30-23.33%Miss-48.9%
    Jan 18
    Reported Mar 6
    		$0.15$0.12+25.00%Beat-42.3%
    Oct 17
    Reported Dec 7
    		$0.46$0.50-8.00%Miss+4.5%
    Jul 17
    Reported Aug 31
    		$0.51$0.49+4.08%Beat-
    Apr 17
    Reported Jun 1
    		$0.45$0.37+21.62%Beat-
    Jan 17
    Reported Mar 8
    		$0.26$0.29-10.34%Miss-
    Oct 16
    Reported Dec 8
    		$0.44$0.46-4.35%Miss-

    Key Metrics

    Valuation
    P/E Ratio76.35EV/EBITDA56.75x
    Price/FCF62.73xFCF Yield1.59%
    Profitability
    Profit Margin10.90%Operating Margin18.10%
    ROE22.40%ROIC10.60%
    Financial Health
    Debt/Equity1.06xInterest Coverage9.58x
    Current Ratio3.80xQuick Ratio3.17x
    Trading Statistics
    Beta1.29Avg Volume3.02M
    52-Week High$637.5152-Week Low$159.56

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$409.10
    SMA 20$382.04
    SMA 50$380.37
    SMA 200$398.86
    EMA 10$398.10
    EMA 20$388.71
    EMA 50$387.64
    EMA 200$370.38

    MACD

    Line: 10.52Signal: 9.69Hist: 0.83

    ADX

    ADX: 16.3+DI: 23.6-DI: 26.3

    Aroon & PSAR

    Aroon Up88.0
    Aroon Down12.0
    PSAR$453.27

    Bollinger Bands

    Upper Band$452.98
    Lower Band$311.09
    %B Position3714%(Upper)
    Band Width0.34

    RSI (14-Day)

    Neutral
    44.4

    Momentum Oscillators

    Stoch %K42.5
    Stoch %D62.8
    Williams %R-82.4
    ROC (10d)2.2%
    Momentum7.78
    CCI (20d)-27.2
    MFI (14d)59.7

    Volatility Measures

    ATR (14d)$27.49(7.6%)
    StdDev (20d)35.47
    Hist Vol87.7%(High)

    Volume Flow

    VWAP$370.09
    OBV154.9M
    AD Line140.7M
    CMF (20d)0.134

    Volume Metrics

    Avg Vol (20d)3.0M
    Vol Ratio1.1x
    VWMA (20d)$388.75

    Pivot Points

    R3$427.86
    R2$414.87
    R1$407.63
    Pivot Point$394.64
    S1$387.40
    S2$374.41
    S3$367.17

    Advanced Oscillators

    TSI10.47
    Ultimate Osc53.5
    KST109.83

    Financial Data

    QuarterJul 2026Apr 2026Jan 2026Oct 2025Jul 2025Apr 2025Jan 2025Oct 2024Jul 2024Apr 2024Jan 2024Oct 2023
    Total Revenue$1.67B$1.57B$1.43B$1.35B$1.22B$1.13B$1.07B$1.12B$942.31M$910.83M$1.04B$1.13B
    Cost of Revenue$911.86M$879.18M$801.52M$774.80M$716.31M$673.04M$600.44M$664.09M$538.36M$522.16M$570.75M$643.21M
    Gross Profit$759.26M$691.55M$625.52M$577.18M$503.08M$452.84M$471.82M$460.02M$403.94M$388.66M$466.96M$486.28M
    Operating Expenses$458.09M$453.68M$436.11M$566.69M$429.54M$420.00M$391.16M$400.81M$377.20M$392.63M$382.33M$394.98M
    R&D$236.67M$237.91M$221.46M$228.90M$211.90M$214.87M$192.66M$195.96M$188.89M$195.38M$187.27M$189.44M
    SG&A$62.84M$61.22M$59.24M$67.26M$60.60M$56.95M$53.90M$58.14M$58.25M$49.57M$54.68M$64.10M
    Operating Income$301.18M$237.87M$189.41M$10.49M$73.53M$32.84M$80.66M$59.21M$26.74M$-3,965,000$84.63M$91.30M
    Interest Income$22.39M$14.11M$12.96M$14.35M$15.09M$7.87M$11.58M$13.80M$14.01M$11.80M$10.65M$11.30M
    Interest Expense$12.95M$20.92M$21.25M$21.98M$22.81M$21.70M$23.65M$24.99M$24.40M$23.86M$23.78M$32.08M
    Income Before Tax$310.62M$231.06M$181.12M$2.86M$65.82M$19.02M$68.59M$48.02M$16.36M$-16,029,000$71.50M$70.52M
    Income Tax Expense$44.20M$12.84M$30.83M$-16,631,000$15.51M$10.05M$24.02M$10.99M$2.13M$820,000$21.96M$-20,681,000
    Net Income$266.42M$218.22M$150.28M$19.49M$50.31M$8.97M$44.57M$37.03M$14.23M$-16,849,000$49.55M$91.20M
    EBITDA$349.87M$283.08M$233.24M$47.85M$109.19M$66.71M$114.12M$93.01M$59.67M$29.95M$117.45M$128.00M
    EBIT$301.18M$237.87M$189.41M$10.49M$73.53M$32.84M$80.66M$59.21M$26.74M$-3,965,000$84.63M$91.30M
    * Some calculated fields are derived from available data when not provided by source

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    Government Contracts

    Gov Obligations (TTM)
    $0
    Gov Obligations / Revenue
    0.0%
    Obligations YoY
    N/A
    Active Awards
    0
    New Awards (TTM)
    0
    Avg Remaining Term
    N/A

    Federal contract obligations are bookings recorded by the awarding agency, not recognized revenue. They can exceed 100% of revenue and can be negative when contracts are de-obligated. Source: USAspending.gov prime awards, data through Jul 31, 2026.

    News

    An officer plans to sell 14,760 compensation shares in Ciena (CIEN).

    Ciena Corporation officer Gary B. Smith has filed a notice of a planned sale of 14,760 common shares, valued at approximately $5.26 million, with an anticipated sale date of October 15...

    Stock Titanā€¢10/15/26ā€¢Neutral

    An officer proposes selling 890 Ciena (CIEN) shares acquired in September.

    Ciena officer Dino DiPerna has proposed selling 890 common shares of CIEN, with an aggregate market value of $308,865.60, through Morgan Stanley Smith Barney LLC on October 15...

    Stock Titanā€¢10/15/26ā€¢Neutral

    Ciena: A Cyclical Business Priced Like A Compounder (NYSE:CIEN)

    Ciena Corporation is rated Sell due to its high valuation and cyclical business model, despite recent performance driven by AI demand. The stock trades at a forward P/E of 39x, higher than peers...

    Seeking Alphaā€¢10/15/26ā€¢Bearish

    Ciena Suffers From AI Diversification Success, Growth Mostly Priced-In (NYSE:CIEN)

    Ciena (CIEN) is well-positioned to capitalize on AI infrastructure growth due to its optical interconnect leadership and diversified offerings...

    Seeking Alphaā€¢10/15/26ā€¢Somewhat-Bearish

    What Would It Take For Ciena Stock To Do It Again?

    Ciena Corporation's stock rose 519% over five years, largely due to a significant increase in its price-to-earnings multiple rather than sales growth. While sales grew 77%...

    Trefisā€¢10/15/26ā€¢Somewhat-Bullish

    CIEN Valuation and Fair Value

    P/E
    76.3x
    Forward P/E
    39.8x
    EV/EBITDA
    56.7x
    P/FCF
    62.7x
    PEG
    0.6x
    P/B
    16.7x
    See GNG's fair value

    CIEN Profitability: Margins, ROIC and FCF

    Gross margin
    44.1%
    Operating margin
    18.1%
    Net margin
    10.9%
    ROIC
    10.6%
    ROE
    22.4%
    FCF margin
    13.5%
    FCF yield
    1.6%

    CIEN Competitors

    CompanyTicker
    Astera Labs, Inc.ALAB
    Autodesk IncADSK
    Atlassian Corp PlcTEAM
    Block, IncXYZ
    Garmin LtdGRMN
    Infosys Ltd ADRINFY
    Coherent IncCOHR
    Workday IncWDAY

    Sector: Technology

    CIEN Analyst Ratings

    Consensus
    Buy
    Analysts
    21
    Strong Buy
    5
    Buy
    11
    Hold
    5
    Sell
    0
    Strong Sell
    0

    CIEN Bull Case vs Bear Case

    Bull case

    • CIEN grew quarterly revenue 37.0% year over year.
    • 76.2% of CIEN's analyst ratings are Buy or Strong Buy.

    Bear case

    • CIEN trades at 76.3x trailing earnings.
    • CIEN beat EPS estimates in 25.0% of its last 8 reported quarters.

    CIEN Earnings: Beat Rate and Next Report

    Beat rate
    2 of 8 quarters (25.0%)
    Average surprise
    -32.4%
    EPS estimate (fiscal period ending Oct 31, 2026)
    $2.82

    Frequently Asked Questions About CIEN

    Does CIEN pay dividends?

    Ciena Corp (CIEN) does not currently pay a regular dividend.

    What is CIEN's P/E ratio?

    Ciena Corp has a price-to-earnings (P/E) ratio of 76.35.

    What is CIEN's market cap?

    Ciena Corp (CIEN) has a market capitalization of $50.99B with a current stock price of $359.60.

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