Ciena Corporation (CIEN)

US — Technology Sector
Peers: JNPR  LITE  EXTR  CLFD  GLW  NTAP  LU 

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Key Metrics & Ratings

  • symbol CIEN
  • Rev/Share 32.0181
  • Book/Share 19.6502
  • PB 5.8693
  • Debt/Equity 0.0921
  • CurrentRatio 3.2811
  • ROIC 0.0379

 

  • MktCap 16304209528.0
  • FreeCF/Share 4.9408
  • PFCF 23.264
  • PE 116.1258
  • Debt/Assets 0.0447
  • DivYield 0
  • ROE 0.0504

 

  • Rating B-
  • Score 3
  • Recommendation Neutral
  • P/E Score 1
  • DCF Score 3
  • P/B Score 2
  • D/E Score 3

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Reiterated CIEN Needham -- Buy $90 $130 Sept. 5, 2025
Downgrade CIEN B. Riley Securities Buy Neutral -- $113 Sept. 5, 2025
Downgrade CIEN Morgan Stanley Equal Weight Underweight -- $70 July 8, 2025
Upgrade CIEN Northland Capital Market Perform Outperform -- $75 March 12, 2025
Upgrade CIEN JP Morgan Neutral Overweight $84 $88 Jan. 28, 2025
Upgrade CIEN BofA Securities Neutral Buy $70 $95 Dec. 13, 2024
Downgrade CIEN Evercore ISI Outperform In-line -- $65 Oct. 15, 2024
Downgrade CIEN Exane BNP Paribas Outperform Neutral $59 $67 Oct. 9, 2024
Downgrade CIEN JP Morgan Overweight Neutral -- $65 Oct. 7, 2024
Upgrade CIEN Citigroup Sell Buy $44 $68 Sept. 23, 2024

News

CIEN Q3 Earnings & Sales Top, Stock Up on 91% Y/Y Bottom-Line Growth
CIEN
Published: September 05, 2025 by: Zacks Investment Research
Sentiment: Positive

Ciena posts a revenue and earnings surge, lifts outlook with AI-driven demand and sees shares jump over 23% on strong fiscal Q3 2025 results.

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image for news CIEN Q3 Earnings & Sales Top, Stock Up on 91% Y/Y Bottom-Line Growth
Ciena Q3: Today's Big Winner In The AI Buildout
CIEN
Published: September 04, 2025 by: Seeking Alpha
Sentiment: Positive

Ciena Corporation delivered a blowout quarter, beating revenue and earnings estimates, raising guidance, and surprising a market that had extremely low expectations. Cloud and AI-driven demand are fueling rapid growth, with cloud provider revenue up 94% and new product milestones achieved across WaveLogic and routing lines. Despite trading at a high earnings multiple, Ciena's growth-adjusted valuation, or PEG, is actually cheaper than its historical average, reflecting outsized growth.

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image for news Ciena Q3: Today's Big Winner In The AI Buildout
Ciena Q3 Review: Will Continue To Ride The AI Wave
CIEN
Published: September 04, 2025 by: Seeking Alpha
Sentiment: Positive

Ciena Corporation delivered strong Q3 results, driven by AI infrastructure demand and high-speed connectivity, but I believe the stock is trading at a premium. Management's focus on margin expansion and a shift to software/AI-driven solutions is impressive, with operating margin targets raised for 2026. Despite solid execution and optimistic guidance, I view the current valuation as stretched, even under bullish assumptions for growth and profitability.

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image for news Ciena Q3 Review: Will Continue To Ride The AI Wave
Ciena Corporation (CIEN) Q3 2025 Earnings Call Transcript
CIEN
Published: September 04, 2025 by: Seeking Alpha
Sentiment: Neutral

Ciena Corporation (NYSE:CIEN ) Q3 2025 Earnings Call September 4, 2025 8:30 AM EDT Company Participants Gregg Lampf - Vice President of Investor Relations Gary Smith - CEO, President & Director Marc Graff - Senior VP & CFO Scott McFeely - Executive Advisor Conference Call Participants George Notter - Wolfe Research, LLC Samik Chatterjee - JPMorgan Chase & Co, Research Division Meta Marshall - Morgan Stanley, Research Division Ruben Roy - Stifel, Nicolaus & Company, Incorporated, Research Division Simon Leopold - Raymond James & Associates, Inc., Research Division Timothy Long - Barclays Bank PLC, Research Division Timothy Savageaux - Northland …

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image for news Ciena Corporation (CIEN) Q3 2025 Earnings Call Transcript
Ciena (CIEN) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
CIEN
Published: September 04, 2025 by: Zacks Investment Research
Sentiment: Neutral

While the top- and bottom-line numbers for Ciena (CIEN) give a sense of how the business performed in the quarter ended July 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Read More
image for news Ciena (CIEN) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
Ciena (CIEN) Tops Q3 Earnings and Revenue Estimates
CIEN
Published: September 04, 2025 by: Zacks Investment Research
Sentiment: Positive

Ciena (CIEN) came out with quarterly earnings of $0.67 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.35 per share a year ago.

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image for news Ciena (CIEN) Tops Q3 Earnings and Revenue Estimates
Ciena Gears Up to Release Q3 Earnings: Here's What to Expect
CIEN
Published: September 01, 2025 by: Zacks Investment Research
Sentiment: Positive

CIEN's fiscal Q3 results are likely to reflect surging cloud provider revenues, WaveLogic traction and growing Blue Planet adoption despite margin pressures.

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image for news Ciena Gears Up to Release Q3 Earnings: Here's What to Expect
Wall Street's Insights Into Key Metrics Ahead of Ciena (CIEN) Q3 Earnings
CIEN
Published: August 29, 2025 by: Zacks Investment Research
Sentiment: Neutral

Get a deeper insight into the potential performance of Ciena (CIEN) for the quarter ended July 2025 by going beyond Wall Street's top-and-bottom-line estimates and examining the estimates for some of its key metrics.

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image for news Wall Street's Insights Into Key Metrics Ahead of Ciena (CIEN) Q3 Earnings
DFA and Ciena Shatter Fibre Capacity Records in World-First Trial in Partnership with Willcom
CIEN
Published: August 27, 2025 by: Business Wire
Sentiment: Neutral

JOHANNESBURG & HANOVER, Md.--(BUSINESS WIRE)--DFA and Ciena announce a landmark breakthrough in fibre capacity.

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image for news DFA and Ciena Shatter Fibre Capacity Records in World-First Trial in Partnership with Willcom
Why Ciena (CIEN) is a Top Momentum Stock for the Long-Term
CIEN
Published: August 26, 2025 by: Zacks Investment Research
Sentiment: Positive

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

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image for news Why Ciena (CIEN) is a Top Momentum Stock for the Long-Term
Arista vs. Ciena: Which Network Infrastructure Stock Has the Edge?
ANET, CIEN
Published: July 14, 2025 by: Zacks Investment Research
Sentiment: Positive

CIEN's lower valuation and stronger price gains stand out, but ANET's software edge and growth potential keep it in the game.

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image for news Arista vs. Ciena: Which Network Infrastructure Stock Has the Edge?
CIEN, Telxius Hit a Pioneering 1.3 Tb/s Wavelength Across the Atlantic
CIEN
Published: June 26, 2025 by: Zacks Investment Research
Sentiment: Positive

Ciena and Telxius achieve a record 1.3 Tb/s transatlantic transmission, boosting global optical network capacity with WaveLogic 6 Extreme.

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image for news CIEN, Telxius Hit a Pioneering 1.3 Tb/s Wavelength Across the Atlantic
Telxius and Ciena Achieve First Live 1.3 Tb/s Data Transmission Across the Atlantic
CIEN
Published: June 25, 2025 by: Business Wire
Sentiment: Neutral

HANOVER, Md. & MADRID--(BUSINESS WIRE)--Telxius, a leading global connectivity provider, and Ciena (NYSE: CIEN) recently completed a key milestone and industry first—a 1.3 Tb/s single wavelength transmission carried out across Telxius' 6,600km Marea submarine cable between Virginia Beach, Virginia, and Bilbao, Spain. Powered by Ciena's WaveLogic 6 Extreme (WL6e) technology, the companies also achieved the highest-ever spectral-efficiency transmission across the Atlantic, reaching a record-setti.

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image for news Telxius and Ciena Achieve First Live 1.3 Tb/s Data Transmission Across the Atlantic
Ciena Taps Marc Graff as CFO
CIEN
Published: June 18, 2025 by: WSJ
Sentiment: Neutral

Previously, Graff was CFO at provider of hardware and software solutions Altera, and before that served as CFO and chief operating officer for Intel's data center and AI group.

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image for news Ciena Taps Marc Graff as CFO
Bear Of The Day: Ciena (CIEN)
CIEN
Published: June 12, 2025 by: Zacks Investment Research
Sentiment: Negative

This company recently missed earnings and as a result, estimates have dropped.

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image for news Bear Of The Day: Ciena (CIEN)
Deciphering Ciena (CIEN) International Revenue Trends
CIEN
Published: June 10, 2025 by: Zacks Investment Research
Sentiment: Neutral

Explore Ciena's (CIEN) international revenue trends and how these numbers impact Wall Street's forecasts and what's ahead for the stock.

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image for news Deciphering Ciena (CIEN) International Revenue Trends
Ciena Publishes Report Analyzing the Impact of AI, DCI, and Cloud Evolution on Wave Services Demand
CIEN
Published: June 10, 2025 by: Business Wire
Sentiment: Neutral

HANOVER, Md.--(BUSINESS WIRE)--Ciena (NYSE: CIEN) has compiled a new report on wavelength services – the first of its kind – that explores the key drivers of the need for high-speed connectivity. The report examines the critical role of wave services in enabling the expansion of interconnected data centers driven by Artificial Intelligence (AI), the growing importance of low latency and data sovereignty for AI workloads, and the build-out of terrestrial and critical submarine network infrastruc.

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image for news Ciena Publishes Report Analyzing the Impact of AI, DCI, and Cloud Evolution on Wave Services Demand
Ciena Poised For Growth On Cloud Demand, But Analysts Warn About Margin Pressure, Tariff Costs
CIEN
Published: June 06, 2025 by: Benzinga
Sentiment: Neutral

Wall Street analysts responded to Ciena Corp.'s CIEN second-quarter financial results on Thursday.

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image for news Ciena Poised For Growth On Cloud Demand, But Analysts Warn About Margin Pressure, Tariff Costs
CIEN Stock Tanks 13% on Q2 Earnings Miss, AI Demand Drives Sales Y/Y
CIEN
Published: June 06, 2025 by: Zacks Investment Research
Sentiment: Neutral

Ciena's fiscal Q2 2025 results reflect surging demand for high-speed connectivity in cloud computing and AI amid evolving tariff rates and rising costs.

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image for news CIEN Stock Tanks 13% on Q2 Earnings Miss, AI Demand Drives Sales Y/Y
Ciena Delivers Growth, But Not Value
CIEN
Published: June 06, 2025 by: Seeking Alpha
Sentiment: Positive

Ciena is deeply embedded in secular growth trends—cloud, AI, 5G, and hyperscaler expansion—driving strong revenue and strategic contract wins. Despite robust top-line growth and product traction, margins remain pressured by product mix, supply chain issues, and concentration risk among hyperscaler clients. Valuation is stretched: Ciena trades at a significant premium to peers and its own history, with high multiples unsupported by recent earnings or cash flow trends.

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image for news Ciena Delivers Growth, But Not Value
Ciena Stock Tumbles as Incentive Compensation Drives Profit Below Estimates
CIEN
Published: June 05, 2025 by: Investopedia
Sentiment: Negative

Ciena (CIEN) shares tumbled nearly 14% Thursday after the networking systems company's fiscal second-quarter profit fell short of analysts' estimates.

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image for news Ciena Stock Tumbles as Incentive Compensation Drives Profit Below Estimates
Ciena Corporation (CIEN) Q2 2025 Earnings Call Transcript
CIEN
Published: June 05, 2025 by: Seeking Alpha
Sentiment: Neutral

Ciena Corporation (NYSE:CIEN ) Q2 2025 Earnings Conference Call June 5, 2025 8:30 AM ET Company Participants Gary B. Smith - CEO, President & Director Gregg M.

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image for news Ciena Corporation (CIEN) Q2 2025 Earnings Call Transcript
Compared to Estimates, Ciena (CIEN) Q2 Earnings: A Look at Key Metrics
CIEN
Published: June 05, 2025 by: Zacks Investment Research
Sentiment: Neutral

While the top- and bottom-line numbers for Ciena (CIEN) give a sense of how the business performed in the quarter ended April 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Read More
image for news Compared to Estimates, Ciena (CIEN) Q2 Earnings: A Look at Key Metrics
Ciena (CIEN) Q2 Earnings Miss Estimates
CIEN
Published: June 05, 2025 by: Zacks Investment Research
Sentiment: Negative

Ciena (CIEN) came out with quarterly earnings of $0.42 per share, missing the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.27 per share a year ago.

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image for news Ciena (CIEN) Q2 Earnings Miss Estimates
Ciena Stock Is Falling After Earnings Miss. What We Know.
CIEN
Published: June 05, 2025 by: Barrons
Sentiment: Negative

The networking-equipment company misses earnings expectations for its fiscal second quarter.

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image for news Ciena Stock Is Falling After Earnings Miss. What We Know.
Ciena Earnings Miss Estimates, Revenue Edges By Wall Street Target
CIEN
Published: June 05, 2025 by: Investors Business Daily
Sentiment: Neutral

The maker of optical networking gear reported 55% EPS growth in Q2 with sales up 24%.

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image for news Ciena Earnings Miss Estimates, Revenue Edges By Wall Street Target
Ciena Reports Fiscal Second Quarter 2025 Financial Results
CIEN
Published: June 05, 2025 by: Business Wire
Sentiment: Neutral

HANOVER, Md.--(BUSINESS WIRE)--Ciena® Corporation, a networking systems, services and software company, today announced financial results for its fiscal second quarter.

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image for news Ciena Reports Fiscal Second Quarter 2025 Financial Results
Ciena Set To Beat Q2 Estimates But AI Ambitions Face Margin Math And Marvell-ous Rivals
CIEN, MRVL
Published: June 04, 2025 by: Benzinga
Sentiment: Neutral

Rosenblatt analyst Mike Genovese is questioning how successful Ciena CIEN will be over the next one to five years, taking on companies like Marvell Technology MRVL and Broadcom Inc AVGO.

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image for news Ciena Set To Beat Q2 Estimates But AI Ambitions Face Margin Math And Marvell-ous Rivals
CIEN's Q2 Earnings on Deck: Should Investors Expect a Beat This Time?
CIEN
Published: June 02, 2025 by: Zacks Investment Research
Sentiment: Negative

Ciena's fiscal Q2 2025 performance is likely to have gained from strong AI network traffic, higher bandwidth and cloud demand amid disruptions from new tariffs.

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image for news CIEN's Q2 Earnings on Deck: Should Investors Expect a Beat This Time?
Unveiling Ciena (CIEN) Q2 Outlook: Wall Street Estimates for Key Metrics
CIEN
Published: June 02, 2025 by: Zacks Investment Research
Sentiment: Positive

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Ciena (CIEN), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended April 2025.

Read More
image for news Unveiling Ciena (CIEN) Q2 Outlook: Wall Street Estimates for Key Metrics

About Ciena Corporation (CIEN)

  • IPO Date 1997-02-07
  • Website https://www.ciena.com
  • Industry Communication Equipment
  • CEO Gary B. Smith
  • Employees 8795

Ciena Corporation provides network hardware, software, and services that support the transport, routing, switching, aggregation, service delivery, and management of video, data, and voice traffic on communications networks worldwide. The company's Networking Platforms segment offers hardware networking products and solutions that optimized for the convergence of coherent optical transport, optical transport network switching, and packet switching. Its products include 6500 Packet-Optical Platform, 5430 Reconfigurable Switching System, Waveserver stackable interconnect system, and the 6500 Reconfigurable line system, and the 5400 family of Packet-Optical platforms, as well as Z-Series Packet-Optical Platform; 3000 family of service delivery switches and service aggregation switches, and the 5000 family of service aggregation switches, as well as 8700 Packetwave Platform and the Ethernet packet configuration for the 5410 Service Aggregation Switch; and 6500 Packet Transport System. This segment also sells operating system software and enhanced software features embedded in each of its products. The company's Blue Planet Automation Software and Services segment provides multi-domain service orchestration, inventory, route optimization and analysis, network function virtualization orchestration, analytics, and related services. Its Platform Software and Service segment offers OneControl unified management system and platform software services, as well as manage, control, and plan software. The company's Global Services segment provides consulting and network design, installation and deployment, maintenance support, and training services. The company sells its products through direct and indirect sales channels to network operators. Ciena Corporation was founded in 1992 and is headquartered in Hanover, Maryland.