C

    Ciena Corp (CIEN)

    Official site

    TECHNOLOGY • COMMUNICATION EQUIPMENT • NYSE

    $382.83
    +4.39 (+1.16%)

    Market Cap: $53.57B

    Last updated: Sep 01, 2026 at 10:00 AM ET

    Earnings

    Performance (10Y)

    Beat Rate
    44%(17/39)
    Avg Surprise
    -2.28%
    Streak
    1 Q

    Upcoming Estimates

    Jul 31, 2026
    EPS Consensus$1.72
    Range$1.68 - $1.76
    16 analysts
    EPS Revisions
    17
    0
    7d
    16
    0
    30d
    EPS Estimate Drift
    90d ago$1.58-8.3%
    60d ago$1.72-0.1%
    30d ago$1.72-0.1%
    7d ago$1.72-0.1%
    Current$1.72
    Revenue Consensus
    $1.6B
    Range$1.6B - $1.7B
    14 analysts
    Oct 31, 2026
    EPS Consensus$2.20
    Range$2.09 - $2.38
    19 analysts
    Revenue Consensus
    $1.8B
    Range$1.8B - $1.9B
    16 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Oct 26EST
    		-$2.20---
    Jul 26EST
    		-$1.72---
    Apr 26
    		$1.64$1.46+12.33%Beat+2549.4%
    Jan 26
    		$1.03$1.16-11.21%Miss+232.3%
    Oct 25
    		$0.13N/A-82.89%Miss-48.0%
    Jul 25
    		$0.35$0.53-33.96%Miss+257.5%
    Apr 25
    		$0.06N/A-88.10%Miss+151.6%
    Jan 25
    		$0.31$0.41-24.39%Miss-8.8%
    Oct 24
    		$0.25N/A-61.54%Miss-59.7%
    Jul 24
    		$0.10N/A-62.35%Miss-51.1%
    Apr 24
    		$-0.12$0.15-180.00%Miss-131.6%
    Jan 24
    		$0.34$0.48-29.17%Miss-33.3%
    Oct 23
    		$0.62$0.69-10.14%Miss+59.0%
    Jul 23
    		$0.20N/A-60.78%Miss+186.1%
    Apr 23
    		$0.38$0.61-37.70%Miss+52.0%
    Jan 23
    		$0.51$0.36+41.67%Beat+75.9%
    Oct 22
    		$0.39$0.08+387.50%Beat-40.9%
    Jul 22
    		$0.07N/A-79.44%Miss-95.4%
    Apr 22
    		$0.25N/A-53.70%Miss-62.1%
    Jan 22
    		$0.29$0.45-35.56%Miss-44.2%
    Oct 21
    		$0.66$0.85-22.35%Miss+10.0%
    Jul 21
    		$1.52$0.79+92.41%Beat+43.4%
    Apr 21
    		$0.66$0.48+37.50%Beat-13.2%
    Jan 21
    		$0.52$0.45+15.56%Beat+0.0%
    Oct 20
    		$0.60$0.63-4.76%Miss+3.4%
    Jul 20
    		$1.06$0.82+29.27%Beat+49.3%
    Apr 20
    		$0.76$0.52+46.15%Beat+58.3%
    Jan 20
    		$0.52$0.38+36.84%Beat+57.6%
    Oct 19
    		$0.58$0.63-7.94%Miss+9.4%
    Jul 19
    		$0.71$0.58+22.41%Beat+47.9%
    Apr 19
    		$0.48$0.41+17.07%Beat+108.7%
    Jan 19
    		$0.33$0.30+10.00%Beat+120.0%
    Oct 18
    		$0.53$0.48+10.42%Beat+15.2%
    Jul 18
    		$0.48$0.36+33.33%Beat-5.9%
    Apr 18
    		$0.23$0.30-23.33%Miss-48.9%
    Jan 18
    		$0.15$0.12+25.00%Beat-42.3%
    Oct 17
    		$0.46$0.50-8.00%Miss+4.5%
    Jul 17
    		$0.51$0.49+4.08%Beat-
    Apr 17
    		$0.45$0.37+21.62%Beat-
    Jan 17
    		$0.26$0.29-10.34%Miss-
    Oct 16
    		$0.44$0.46-4.35%Miss-

    Key Metrics

    Valuation
    P/E Ratio121.53EV/EBITDA78.07x
    Price/FCF65.26xFCF Yield1.53%
    Profitability
    Profit Margin7.87%Operating Margin15.20%
    ROE15.50%ROIC10.54%
    Financial Health
    Debt/Equity0.53xInterest Coverage5.88x
    Current Ratio2.73xQuick Ratio2.11x
    Trading Statistics
    Beta1.31Avg Volume1.90M
    52-Week High$637.5152-Week Low$90.00

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$391.80
    SMA 20$403.91
    SMA 50$415.05
    SMA 200$374.34
    EMA 10$393.18
    EMA 20$398.47
    EMA 50$416.51
    EMA 200$371.52

    MACD

    Line: -7.25Signal: -5.97Hist: -1.28

    ADX

    ADX: 12.1+DI: 23.6-DI: 28.1

    Aroon & PSAR

    Aroon Up52.0
    Aroon Down8.0
    PSAR$453.06

    Bollinger Bands

    Upper Band$444.74
    Lower Band$363.08
    %B Position2022%(Upper)
    Band Width0.24

    RSI (14-Day)

    Neutral
    45.0

    Momentum Oscillators

    Stoch %K24.5
    Stoch %D30.2
    Williams %R-79.7
    ROC (10d)-14.0%
    Momentum-62.35
    CCI (20d)-115.8
    MFI (14d)48.1

    Volatility Measures

    ATR (14d)$26.90(7.0%)
    StdDev (20d)20.41
    Hist Vol74.7%(High)

    Volume Flow

    VWAP$378.84
    OBV122.6M
    AD Line158.1M
    CMF (20d)-0.107

    Volume Metrics

    Avg Vol (20d)1.9M
    Vol Ratio0.9x
    VWMA (20d)$408.84

    Pivot Points

    R3$417.61
    R2$409.05
    R1$393.75
    Pivot Point$385.19
    S1$369.89
    S2$361.33
    S3$346.03

    Advanced Oscillators

    TSI-6.37
    Ultimate Osc48.2
    KST-17.25

    Financial Data

    QuarterApr 2026Jan 2026Oct 2025Jul 2025Apr 2025Jan 2025Oct 2024Jul 2024Apr 2024Jan 2024Oct 2023Jul 2023
    Total Revenue$1.57B$1.43B$1.35B$1.22B$1.13B$1.07B$1.12B$942.31M$910.83M$1.04B$1.13B$1.07B
    Cost of Revenue$879.18M$801.52M$774.80M$716.31M$673.04M$600.44M$664.09M$538.36M$522.16M$570.75M$643.21M$618.95M
    Gross Profit$691.55M$625.52M$577.18M$503.08M$452.84M$471.82M$460.02M$403.94M$388.66M$466.96M$486.28M$448.94M
    Operating Expenses$453.68M$436.11M$566.69M$429.54M$420.00M$391.16M$400.81M$377.20M$392.63M$382.33M$394.98M$370.73M
    R&D$237.91M$221.46M$228.90M$211.90M$214.87M$192.66M$195.96M$188.89M$195.38M$187.27M$189.44M$189.39M
    SG&A$61.22M$59.24M$67.26M$60.60M$56.95M$53.90M$58.14M$58.25M$49.57M$54.68M$64.10M$49.35M
    Operating Income$237.87M$189.41M$10.49M$73.53M$32.84M$80.66M$59.21M$26.74M$-3,965,000$84.63M$91.30M$78.21M
    Interest Income$14.11M$12.96M$14.35M$15.09M$7.87M$11.58M$13.80M$14.01M$11.80M$10.65M$11.30M$10.19M
    Interest Expense$20.92M$21.25M$21.98M$22.81M$21.70M$23.65M$24.99M$24.40M$23.86M$23.78M$32.08M$24.06M
    Income Before Tax$231.06M$181.12M$2.86M$65.82M$19.02M$68.59M$48.02M$16.36M$-16,029,000$71.50M$70.52M$64.34M
    Income Tax Expense$12.84M$30.83M$-16,631,000$15.51M$10.05M$24.02M$10.99M$2.13M$820,000$21.96M$-20,681,000$34.61M
    Net Income$218.22M$150.28M$19.49M$50.31M$8.97M$44.57M$37.03M$14.23M$-16,849,000$49.55M$91.20M$29.73M
    EBITDA$283.08M$233.24M$47.85M$109.19M$66.71M$114.12M$93.01M$59.67M$29.95M$117.45M$128.00M$114.20M
    EBIT$237.87M$189.41M$10.49M$73.53M$32.84M$80.66M$59.21M$26.74M$-3,965,000$84.63M$91.30M$78.21M
    * 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

    AI services may open new revenue, but 88% of providers say networks need upgrades

    A Ciena survey indicates that 90% of service providers anticipate AI-driven network services will be a primary source of revenue growth in the coming years. However, 88% of these providers recognize an urgent need for optical network upgrades to support the demands of premium enterprise AI connectivity. The survey highlights various revenue opportunities related to AI, such as AI inference, GPU-as-a-Service, and quantum-safe encryption, while also emphasizing the critical need for network evolution to meet these new performance demands.

    Stock Titan•8/25/26•
    Bullish

    Front Street Capital Management Inc. Makes New Investment in Ciena Corporation $CIEN

    Front Street Capital Management Inc. has made a new investment in Ciena Corporation, purchasing 47,975 shares valued at approximately $23.5 million, making Ciena about 2.7% of its portfolio. This investment comes as institutional investors collectively own 91.99% of the company, and analysts maintain a positive "Moderate Buy" rating with an average price target of $527.78. Despite a recent 6.1% decline in share price, Ciena reported strong quarterly results, exceeding revenue and earnings expectations with a 39.5% year-over-year revenue increase.

    MarketBeat•8/25/26•
    Somewhat-Bullish

    Ciena Corp (Derivatives) Analytics: Price Dynamics, Quarterly Returns, and Annual Price Changes in USD

    This article provides an analytical overview of Ciena Corp (Derivatives) (CIEN) focusing on its price dynamics, quarterly returns, and annual price changes in USD. It presents a table detailing price changes and percentage changes over various periods, from 7 days to 3 years, along with corresponding high and low prices. The current price of Ciena Corp (Derivatives) is listed at $374.49.

    CryptoRank•8/25/26•
    Neutral

    Ciena Corp (CIEN) Shares Fall 6.0% -- GF Value Says Still Overva

    Ciena Corp (CIEN) shares recently fell 6.0% and are considered significantly overvalued according to GuruFocus's GF Value™ analysis, trading at 270.6% above its estimated fair value. Despite a strong GF Score™ of 72/100, driven by high growth and financial strength, its valuation and momentum ranks are low. Insider selling totaling $96.3 million with no buying activity also raises concerns among investors.

    GuruFocus•8/24/26•
    Bearish

    Ciena shares fall as investors weigh analyst reset and earnings risk

    Ciena (CIEN) stock dropped 5.4% due to a combination of profit-taking and investor caution ahead of its fiscal third-quarter earnings report on September 3, 2026. A recent analyst price-target cut also contributed to the decline, tempering momentum after the stock's earlier rally. Insider selling has been prevalent, while institutional investors have shown mixed activity, and members of Congress have made recent purchases.

    Quiver Quantitative•8/24/26•
    Bearish

    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 121.53.
    What is CIEN's market cap?
    Ciena Corp (CIEN) has a market capitalization of $53.57B with a current stock price of $382.83.

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