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) | $6.02B |
| Gross Profit (TTM) | $2.65B |
| EBITDA | $1.03B |
| Operating Margin | 18.10% |
| Return on Equity | 22.40% |
| Return on Assets | 7.73% |
| Revenue/Share (TTM) | $42.38 |
| Book Value | $21.54 |
| Price-to-Book | 10.71 |
| Price-to-Sales (TTM) | 5.73 |
| EV/Revenue | 5.55 |
| EV/EBITDA | 34.40 |
| Quarterly Earnings Growth (YoY) | 422.90% |
| Quarterly Revenue Growth (YoY) | 37.00% |
| Shares Outstanding | $141.81M |
| Float | $141.17M |
| % Insiders | 0.56% |
| % Institutions | 96.20% |
Volatility is currently expanding
CIEN expects at least 30% revenue growth in fiscal 2027, fueled by AI infrastructure demand, surging optical networking orders and a rapidly expanding backlog.
A Wall Street downgrade and a broad retreat from AI infrastructure stocks are hitting the networking group at the same time. Cisco Systems (NASDAQ:CSCO | CSCO Price Prediction) stock recently traded at $96.13, down 7%.
CIEN's shares have surged 55.5% in a year, fueled by AI-driven optical networking demand and strong growth prospects.
Plus, the AI bet faces a new earnings test this week
CIEN and NOK ride booming AI-driven optical networking demand, but differences in growth, valuation and supply constraints could determine the better buy.
Alphabet, Microsoft, Arista and Ciena are poised to benefit from booming cloud computing demand, fueled by AI adoption and expanding infrastructure.
Ciena secures a Space Norway contract to modernize Arctic subsea cables and deploy advanced networking technology, boosting capacity and connectivity.
Networking hardware is leading a broad technology rebound, and suppliers of optical links and Ethernet switches for AI data centers are drawing the biggest buying.
Ciena is rated Buy, driven by surging AI-related demand and robust backlog growth, with a 37% YoY revenue increase in Q3 FY2026. CIEN targets ~30% revenue CAGR through FY2029, with management guiding for a 50% adjusted gross margin and a 32–35% adjusted operating margin. Backlog reached $8.5B in Q3 FY2026 and is expected to exceed $10B by year-end, reflecting strong order momentum outpacing shipments.
Bank of America expects Ciena Corporation (NYSE:CIEN), the optical networking equipment maker, to deliver revenue growth of 35% to 40% in the calendar year 2026 as demand for artificial intelligence infrastructure outstrips available supply. The bank maintains a 'buy' rating on the shares with a $550 price target, supported by rising cloud-provider spending and expanding opportunities to connect data centres.
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