Ciena Corporation(CIEN)Earnings, Financials & Key RatiosCiena Corporation (CIEN) stock price & volume — 10-year historical chart
Investment Thesis • Updated 2026Q2
while the 39.5% revenue growth is compelling, the high valuation multiples, including a 564.12 TTM P/E and 151.54 EV/EBITDA, suggest that much of the current operational improvement is already priced into the stock.
Ciena Corporation (CIEN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Ciena Corporation (CIEN) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q3 2026Latest | Jun 4, 2026 | $1.64vs $1.46+12.3% | $1.6Bvs $1.5B+4.4% |
| Q2 2026 | Mar 5, 2026 | $1.35vs $1.17+15.4% | $1.4Bvs $1.4B+2.0% |
| Q4 2025 | Dec 11, 2025 | $0.91vs $0.78+16.7% | $1.4Bvs $1.3B+4.7% |
| Q4 2025 | Sep 4, 2025 | $0.67vs $0.53+26.4% | $1.2Bvs $1.2B+3.8% |
Recent stock market news and headlines for Ciena Corporation (CIEN)
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.
JPMorgan's concentrated small-cap fund outpaced Vanguard over one year, but carries higher volatility and a steeper expense ratio.
July growth picks include MU, STX, DELL, PLTR and CIEN as easing inflation fears and AI demand shape the market outlook.
Key metrics vs top competitors for Ciena Corporation (CIEN)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $418.91 | $59.3B | 492.84 | 18.79% | 2.59% | 4.45% | — | |
| $12.54 | $1.01B | -22.00 | 17.46% | -2.64% | -5.53% | — | |
| $38.41 | $2.45B | 147.73 | 20.26% | 3.2% | 4.25% | — | |
| $40.22 | $9.31B | 268.13 | 8.39% | -4.03% | -6.92% | — | |
| $698.91 | $49.9B | 1888.95 | 21.03% | 17.68% | 30.68% | — | |
| $11.85 | $67.81B | 94.27 | 3.48% | 3.98% | 3.89% | — |
Ciena Corporation (CIEN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Ciena Corporation (CIEN) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jun 11, 2026·SEC
Jun 8, 2026·SEC
Jun 4, 2026·SEC
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Ciena Corporation (CIEN) stock FAQ — growth, dividends, profitability & financials explained
Ciena Corporation (CIEN) reported $5.57B in revenue for fiscal year 2025. This represents a 1248% increase from $413.2M in 1997.
Ciena Corporation (CIEN) grew revenue by 18.8% over the past year. This is strong growth.
Yes, Ciena Corporation (CIEN) is profitable, generating $438.3M in net income for fiscal year 2025 (2.6% net margin).
Ciena Corporation (CIEN) has a return on equity (ROE) of 4.4%. This is below average, suggesting room for improvement.
Ciena Corporation (CIEN) generated $832.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
