Ciena Corporation provides hardware, software, and network services that support the transport, routing, switching, aggregation, service delivery, and management of video, data, and voice traffic on communications networks worldwide. The company is headquartered in Hanover, Maryland.
| Revenue (TTM) | $5.57B |
| Gross Profit (TTM) | $2.40B |
| EBITDA | $785.74M |
| Operating Margin | 15.20% |
| Return on Equity | 15.50% |
| Return on Assets | 6.66% |
| Revenue/Share (TTM) | $39.28 |
| Book Value | $20.43 |
| Price-to-Book | 20.68 |
| Price-to-Sales (TTM) | 11.21 |
| EV/Revenue | 10.81 |
| EV/EBITDA | 82.45 |
| Quarterly Earnings Growth (YoY) | 2383.00% |
| Quarterly Revenue Growth (YoY) | 39.50% |
| Shares Outstanding | $141.55M |
| Float | $140.88M |
| % Insiders | 0.67% |
| % Institutions | 97.54% |
Volatility is currently contracting
AGX, CIEN, DDS and SMTC stand out as liquid, efficient stocks with growth potential, backed by solid ratios, asset use and recent revenue gains.
CIEN's Blue Planet AI PoC with Telefonica Deutschland shows how AI-driven network automation could boost software growth and enterprise 5G opportunities.
Ciena benefits from unprecedented demand for optical connectivity, driving revenue acceleration, expanding backlog, and improving gross margins. CIEN's backlog surged 47% to $2.3B, with rapid revenue flow-through and strong demand for coherent pluggables and multi-rail line systems. Gross margin guidance has increased to nearly 45%, with operating margins projected at 19% adjusted, reflecting robust pricing power and operational leverage.
Ciena is initiated with a buy rating, citing robust exposure to AI infrastructure and multi-year capex tailwinds. CIEN demonstrates accelerating revenue growth, posting a 31% YoY top-line increase and 312% bottom-line growth, both far outpacing peers. Despite a 65x forward P/E, CIEN trades at a 37% discount on forward PEG versus peers, supported by superior margins and low leverage.
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Ciena (CIEN) delivered a Q2 beat-and-raise, with revenue of $1.57B, record $7.7B backlog, and raised FY26 revenue midpoint to $6.3B. Multi-rail Hyper-Rail platform win marks a multi-year, high-margin growth catalyst, with deployment ramping in FY27 and deepening CIEN's competitive moat. Management refreshed TAM to $50B by 2029, with strong co-creation dynamics and expanding portfolio positioning CIEN for sustained leadership in optical networking.
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