Ciena Corporation (CIEN)

US — Technology Sector
Peers: CRDO  HPE  WIT  SATS  ASTS  ERIC  BR  ZM  TDY  TER 

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Key Metrics & Ratings

  • symbol CIEN
  • Rev/Share 33.7003
  • Book/Share 19.2848
  • PB 13.9223
  • Debt/Equity 0.5797
  • CurrentRatio 2.7251
  • ROIC 0.0535

 

  • MktCap 37872099665.0
  • FreeCF/Share 4.7008
  • PFCF 56.9255
  • PE 308.085
  • Debt/Assets 0.2698
  • DivYield 0
  • ROE 0.0445

 

  • Rating C+
  • Score 2
  • Recommendation Sell
  • P/E Score 1
  • DCF Score 3
  • P/B Score 1
  • D/E Score 1

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Downgrade CIEN BofA Securities Buy Neutral -- -- Jan. 20, 2026
Downgrade CIEN Northland Capital Outperform Market Perform -- $190 Dec. 12, 2025
Upgrade CIEN BNP Paribas Exane Neutral Outperform -- $185 Oct. 13, 2025
Upgrade CIEN Morgan Stanley Underweight Equal Weight -- $140 Oct. 10, 2025
Upgrade CIEN Rosenblatt Neutral Buy -- $175 Sept. 26, 2025
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

News

Ciena Shares Rise Over 2% To Intraday High After Key Trading Signal
CIEN
Published: January 30, 2026 by: Benzinga
Sentiment: Positive

Understanding the Power Inflow Signal

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image for news Ciena Shares Rise Over 2% To Intraday High After Key Trading Signal
Ciena vs. Nokia: Which Optical Networking Stock is the Better Buy?
CIEN, NOK
Published: January 30, 2026 by: Zacks Investment Research
Sentiment: Positive

CIEN's optical lead, AI-driven demand and raised 2026 revenue outlook set it against Nokia as investors assess which networking stock offers more upside.

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image for news Ciena vs. Nokia: Which Optical Networking Stock is the Better Buy?
3 Communication Stocks Likely to Ride on Inherent Industry Strength
CIEN, GLW, OOMA
Published: January 29, 2026 by: Zacks Investment Research
Sentiment: Positive

Increased fiber densification, cloud focus and accelerated pace of 5G deployment should help the Zacks Communication - Components industry thrive despite short-term headwinds. GLW, CIEN and OOMA are well-positioned to make the most of the demand for seamless connectivity solutions.

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image for news 3 Communication Stocks Likely to Ride on Inherent Industry Strength
Bet on These 4 Top-Performing Liquid Stocks to Maximize Returns
CIEN, EVER, LRCX, RELY
Published: January 28, 2026 by: Zacks Investment Research
Sentiment: Positive

EVER, CIEN, LRCX and RELY make the cut as the top liquid stocks, each boasting strong liquidity, growth attributes and operational efficiency.

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image for news Bet on These 4 Top-Performing Liquid Stocks to Maximize Returns
Best Growth Stocks to Buy for January 23rd
CIEN, DG, SKIL
Published: January 23, 2026 by: Zacks Investment Research
Sentiment: Positive

CIEN, SKIL and DG made it to the Zacks Rank #1 (Strong Buy) growth stocks list on January 23, 2026.

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image for news Best Growth Stocks to Buy for January 23rd
Are You Looking for a Top Momentum Pick? Why Ciena (CIEN) is a Great Choice
CIEN
Published: January 21, 2026 by: Zacks Investment Research
Sentiment: Positive

Does Ciena (CIEN) have what it takes to be a top stock pick for momentum investors? Let's find out.

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image for news Are You Looking for a Top Momentum Pick? Why Ciena (CIEN) is a Great Choice
Arista Networks Vs Ciena: Which Is The Stronger Buy Today?
ANET, CIEN
Published: January 20, 2026 by: Forbes
Sentiment: Neutral

Ciena climbed 4% so far this year. You might feel compelled to increase your holdings or possibly decrease your exposure.

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image for news Arista Networks Vs Ciena: Which Is The Stronger Buy Today?
Ciena Stock Gains 43% in 3 Months: Should Investors Buy or Hold Now?
CIEN
Published: January 16, 2026 by: Zacks Investment Research
Sentiment: Positive

CIEN shares are up 42.6% in three months as AI-driven bandwidth demand, a $5B backlog and a raised 2026 outlook fuel the rally despite a premium valuation.

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image for news Ciena Stock Gains 43% in 3 Months: Should Investors Buy or Hold Now?
CIEN Acquires Nubis: How it Turns Buyouts Into Competitive Advantage
CIEN
Published: January 16, 2026 by: Zacks Investment Research
Sentiment: Positive

Ciena buys Nubis for $270 million to boost AI-ready data center interconnects, aiming for faster, efficient and scalable connectivity.

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image for news CIEN Acquires Nubis: How it Turns Buyouts Into Competitive Advantage
Steven Cress' Top 10 Stocks For 2026
ABX, ALL, AMD, ATI, B, CIEN, CLS, COHR, INCY, MU, WLDN
Published: January 15, 2026 by: Seeking Alpha
Sentiment: Positive

Micron Technology (MU) leads Steven Cress' Top 10 Stocks for 2026, driven by sector-leading growth, profitability, and a compelling valuation despite a 254% 1-year return. AI remains a central investment theme, with hyperscalers like MU, AMD, and CIEN benefiting from robust CapEx, strong forward EPS growth, and discounted PEG ratios.

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image for news Steven Cress' Top 10 Stocks For 2026
5 Growth Stocks to Buy in January for a Stronger Portfolio
CIEN, IOT, KGC, MDB, MU
Published: January 15, 2026 by: Zacks Investment Research
Sentiment: Positive

MU, MDB, IOT, CIEN and KGC lead a January growth stock list as strong earnings outlooks and AI demand set the tone for 2026.

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image for news 5 Growth Stocks to Buy in January for a Stronger Portfolio
Boost Your Portfolio Returns With These 4 Top-Performing Liquid Stocks
CIEN, EVER, GCT, PAAS
Published: January 09, 2026 by: Zacks Investment Research
Sentiment: Positive

CIEN, EVER, PAAS and GCT make the cut as the top liquid stocks, each boasting strong liquidity, growth attributes and operational efficiency.

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image for news Boost Your Portfolio Returns With These 4 Top-Performing Liquid Stocks
Buy 3 Communication Components Stocks Flying High on Massive AI Boom
CIEN, GLW, LITE
Published: January 08, 2026 by: Zacks Investment Research
Sentiment: Positive

CIEN, LITE and GLW lead the Communication Components group riding on surging AI-driven network demand.

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image for news Buy 3 Communication Components Stocks Flying High on Massive AI Boom
5 Momentum Stocks to Buy for January After a Mixed December
CIEN, CNM, HOOD, IOT, MDB
Published: January 07, 2026 by: Zacks Investment Research
Sentiment: Positive

January momentum looks intact as HOOD, MDB, IOT, CIEN and CNM stand out after December's mixed finish.

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image for news 5 Momentum Stocks to Buy for January After a Mixed December
Why Ciena (CIEN) is a Top Momentum Stock for the Long-Term
CIEN
Published: January 06, 2026 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
Why Relative Price Strength Matters More Heading Into 2026
CIEN, CMC, JBL, PAA
Published: January 05, 2026 by: Zacks Investment Research
Sentiment: Positive

JBL, CIEN, CMC and PAA show strong relative price strength, earnings momentum, and rising analyst estimates for 2026.

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image for news Why Relative Price Strength Matters More Heading Into 2026
Can Surging AI Cloud Orders Power Ciena's FY26 Revenue Expansion?
CIEN
Published: January 05, 2026 by: Zacks Investment Research
Sentiment: Positive

CIEN enters fiscal 2026 with record results as AI-driven cloud and service provider orders boost backlog and support a nearly 24% revenue growth outlook.

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image for news Can Surging AI Cloud Orders Power Ciena's FY26 Revenue Expansion?
Can Ciena's Strong Cash Flow Generation Support Continued Buybacks?
CIEN
Published: January 02, 2026 by: Zacks Investment Research
Sentiment: Neutral

CIEN's $665M free cash flow and $1.4B cash fuels $330M in buybacks, with similar repurchases planned as its 2026 revenue outlook jumps.

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image for news Can Ciena's Strong Cash Flow Generation Support Continued Buybacks?
4 Stocks to Buy for 2026 That Are Better Bets Than Crypto
CIEN, CRDO, HOOD, MU
Published: December 30, 2025 by: Zacks Investment Research
Sentiment: Positive

Here we pick four stocks, HOOD, MU, CIEN and CRDO, which are better investments than cryptocurrencies in 2026.

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image for news 4 Stocks to Buy for 2026 That Are Better Bets Than Crypto
Santa Claus Rally Ahead? 3 Stocks That Could Pop Before 2025 Ends
CIEN, NVDA, SNDK
Published: December 30, 2025 by: Zacks Investment Research
Sentiment: Positive

NVIDIA, Sandisk and Ciena are positioned to ride year-end momentum, tapping AI, storage and networking trends ahead of 2026.

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image for news Santa Claus Rally Ahead? 3 Stocks That Could Pop Before 2025 Ends
4 Top-Ranked Liquid Stocks to Enhance Portfolio Returns in 2026
CIEN, CMC, EVER, PJT
Published: December 26, 2025 by: Zacks Investment Research
Sentiment: Positive

CIEN, EVER, PJT and CMC make the cut as the top liquid stocks, each boasting strong liquidity, growth attributes and operational efficiency.

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image for news 4 Top-Ranked Liquid Stocks to Enhance Portfolio Returns in 2026
Weekly Option Windfall: AI Communications Giant Flexes 30% Profit Potential
CIEN
Published: December 19, 2025 by: Zacks Investment Research
Sentiment: Negative

Regardless of whether CIEN increases in price, remains flat, or even loses 10%, our option spread trade will produce a 30% return.

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image for news Weekly Option Windfall: AI Communications Giant Flexes 30% Profit Potential
Can Ciena (CIEN) Run Higher on Rising Earnings Estimates?
CIEN
Published: December 17, 2025 by: Zacks Investment Research
Sentiment: Positive

Ciena (CIEN) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

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image for news Can Ciena (CIEN) Run Higher on Rising Earnings Estimates?
Looking for Earnings Beat? Buy These 5 Top-Ranked Stocks
ALL, CIEN, DLTR, HOOD, TECK
Published: December 17, 2025 by: Zacks Investment Research
Sentiment: Positive

Top-ranked stocks Dollar Tree (DLTR), Teck Resources (TECK), Allstate (ALL), Ciena (CIEN) and Robinhood Markets (HOOD) are likely to beat on the bottom line in their upcoming releases.

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image for news Looking for Earnings Beat? Buy These 5 Top-Ranked Stocks
Interpreting Ciena (CIEN) International Revenue Trends
CIEN
Published: December 16, 2025 by: Zacks Investment Research
Sentiment: Negative

Review Ciena's (CIEN) international revenue performance and how it affects the predictions of financial analysts on Wall Street and the future prospects for the stock.

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image for news Interpreting Ciena (CIEN) International Revenue Trends
Ciena's AI Growth Is Just Starting: Analyst
CIEN
Published: December 12, 2025 by: Benzinga
Sentiment: Positive

Ciena Corp (NYSE: CIEN) stock gave up its Thursday gains despite Wall Street analysts boosting their price forecasts on the stock.

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image for news Ciena's AI Growth Is Just Starting: Analyst
CIEN Q4 Earnings Crush Estimates on Record Sales, AI Trends Lift Stock
CIEN
Published: December 12, 2025 by: Zacks Investment Research
Sentiment: Positive

Ciena posts strong fiscal Q4 2025 results with surging optical demand, a $5B backlog and raised 2026 outlook, sending shares sharply higher.

Read More
image for news CIEN Q4 Earnings Crush Estimates on Record Sales, AI Trends Lift Stock
Ciena Corporation (CIEN) Q4 2025 Earnings Call Transcript
CIEN
Published: December 11, 2025 by: Seeking Alpha
Sentiment: Neutral

Ciena Corporation (CIEN) Q4 2025 Earnings Call Transcript

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image for news Ciena Corporation (CIEN) Q4 2025 Earnings Call Transcript
Why Ciena Shares Jumped After Posting Fourth-Quarter Earnings
CIEN
Published: December 11, 2025 by: Seeking Alpha
Sentiment: Positive

Ciena (CIEN) delivered robust Q4 results, with revenue up 20% YoY and strong beats on both earnings and revenue expectations. CIEN issued bullish guidance for Q1/2026 and fiscal 2026, citing durable demand from cloud and service provider customers amid AI-driven network expansion. Operating margin improved to 11.2% for the year, and management highlighted adaptive networks and AI-driven analytics as key growth opportunities.

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image for news Why Ciena Shares Jumped After Posting Fourth-Quarter Earnings
Ciena (CIEN) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
CIEN
Published: December 11, 2025 by: Zacks Investment Research
Sentiment: Positive

The headline numbers for Ciena (CIEN) give insight into how the company performed in the quarter ended October 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

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image for news Ciena (CIEN) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

About Ciena Corporation (CIEN)

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