Ciena Corporation (CIEN)
NYSE:CIEN
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CIEN Stock Chart & Stats
$554.46
$0.15(0.18%)
At close: 4:00 PM EST
$554.46
$0.15(0.18%)
Day’s Range― - ―
52-Week Range$70.77 - $605.61
Previous CloseN/A
Volume617.38K
Average Volume (3M)2.03M
Market Cap
$82.04B
Enterprise Value$82.51B
Total Cash (Recent Filing)$1.30B
Total Debt (Recent Filing)$1.59B
Price to Earnings (P/E)358.9
Beta1.64
Next Earnings
Jun 04, 2026EPS Estimate
1.46Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)1.61
Shares Outstanding141,398,420
10 Day Avg. Volume2,126,741
30 Day Avg. Volume2,031,659
Financial Highlights & Ratios
PEG Ratio4.38
Price to Book (P/B)9.90
Price to Sales (P/S)5.66
P/FCF Ratio40.60
Enterprise Value/Market Cap1.01
Enterprise Value/Revenue16.10
Enterprise Value/Gross Profit38.22
Enterprise Value/Ebitda162.06
Forecast
1Y Price Target
$431.19Price Target Upside-22.23% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering16
EPS Forecast (FY)6.16
Revenue Forecast (FY)$6.17B
Bulls Say, Bears Say
Bulls Say
Strong Cash GenerationTTM operating cash flow (~$930M) and free cash flow (~$816M) create durable internal funding for R&D, capacity expansion, elevated share repurchases, and working-capital needs. Solid cash conversion versus recent years reduces reliance on external financing and supports multi-quarter investment programs.
Conservative LeverageDebt-to-equity ~0.09 provides financial flexibility to absorb supply shocks, fund elevated near-term CapEx to expand capacity, and pursue product roadmaps without heavy refinancing. While prior periods showed higher leverage, the current structure materially lowers solvency and liquidity risk over coming quarters.
Backlog And Product MomentumA ~$7B backlog (up ~$2B) gives multi-year revenue visibility and supports capacity planning. Coupled with strong optical demand (optical revenue +40% YoY and Waveserver/RLS >80% YoY), this persistent order momentum underpins sustainable top-line growth as supply catches up and product ramps continue.
Bears Say
Supply Constraints Limit FulfillmentManagement expects demand to exceed supply for several quarters, which caps near-term revenue realization and can push revenue into later periods. Persistent fulfillment bottlenecks risk customer frustration, contract timing shifts, and require sustained elevated capital spending to close the gap.
Customer Concentration & Timing RiskHeavy reliance on a few large buyers increases revenue volatility if any key customer delays, reprioritizes, or negotiates pricing. Concentration combined with most orders scheduled for 2027 amplifies timing risk and could produce lumpy quarterly performance across the 2–6 month horizon.
Component Repricing & Margin PressureVendor repricing of booked components can compress gross margins and erode the recent margin expansion. Given historical margin volatility, external input-price shocks could reverse profitability gains, complicate forecasting and limit the durability of current elevated gross and operating margins.
Ciena News
CIEN FAQ
What was Ciena Corporation’s price range in the past 12 months?
Ciena Corporation lowest stock price was $70.77 and its highest was $605.61 in the past 12 months.
What is Ciena Corporation’s market cap?
Ciena Corporation’s market cap is $82.04B.
When is Ciena Corporation’s upcoming earnings report date?
Ciena Corporation’s upcoming earnings report date is Jun 04, 2026 which is in 3 days.
How were Ciena Corporation’s earnings last quarter?
Ciena Corporation released its earnings results on Mar 05, 2026. The company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.166 by $0.184.
Is Ciena Corporation overvalued?
According to Wall Street analysts Ciena Corporation’s price is currently Overvalued.
Does Ciena Corporation pay dividends?
Ciena Corporation does not currently pay dividends.
What is Ciena Corporation’s EPS estimate?
Ciena Corporation’s EPS estimate is 1.46.
How many shares outstanding does Ciena Corporation have?
Ciena Corporation has 141,398,420 shares outstanding.
What happened to Ciena Corporation’s price movement after its last earnings report?
Ciena Corporation reported an EPS of $1.35 in its last earnings report, beating expectations of $1.166. Following the earnings report the stock price went down -12.88%.
Which hedge fund is a major shareholder of Ciena Corporation?
Currently, no hedge funds are holding shares in CIEN
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Ciena Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$431.19 (-22.23% Downside)
$431.19 (-22.23% Downside)
Blogger Sentiment
Bullish
CIEN Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 430.8K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 1.6%
Last 30 Days ▲ 4.5%
Last 30 Days ▲ 4.5%
News Sentiment
Neutral
Bullish news 53%
Bearish news 47%
Bearish news 47%
Technicals
SMA
Positive
20 days / 200 days
Momentum
611.50%
12-Months-Change
Fundamentals
Return on Equity
8.26%
Trailing 12-Months
Asset Growth
5.73%
Trailing 12-Months
Company Description
Ciena Corporation
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.
CIEN Company Deck
CIEN Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call communicated strong operational and financial momentum: record revenue (+33% YoY), expanding backlog (+$2B to ~$7B), robust optical growth (>40% YoY) and margin improvement (44.7% Q1 gross margin and FY guide +130 bps vs 2025). These positives were tempered by supply-chain and component-pricing constraints that are expected to limit near-term fulfillment and keep demand ahead of supply for several quarters, together with timing/concentration risks and elevated near-term CapEx to expand capacity. On balance the successes — broad demand, product momentum, improved profitability and strong cash generation — materially outweigh the risks, which management is actively addressing.View all CIEN earnings summariesCIEN Stock 12 Month Forecast
Average Price Target
$431.19
▼(-22.23% Downside)
Technical Analysis
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Ownership Overview
1.14% Insiders
34.82% Mutual Funds
15.10% Other Institutional Investors
19.87% Public Companies and Individual Investors