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$73.55 - $637.51
Previous CloseN/A
Volume617.38K
Average Volume (3M)3.04M
Market Cap
$60.62B
Enterprise Value$62.35B
Total Cash (Recent Filing)$1.20B
Total Debt (Recent Filing)$1.58B
Price to Earnings (P/E)138.7
Beta1.73
Next Earnings
Sep 03, 2026EPS Estimate
1.72Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)3.09
Shares Outstanding141,552,920
10 Day Avg. Volume4,255,020
30 Day Avg. Volume3,036,910
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 Cap1.03
Enterprise Value/Revenue11.20
Enterprise Value/Gross Profit26.01
Enterprise Value/Ebitda85.33
Forecast
1Y Price Target
$583.00Price Target Upside5.15% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering15
EPS Forecast (FY)6.53
Revenue Forecast (FY)$6.32B
Bulls Say, Bears Say
Bulls Say
Strong Free Cash FlowSustained, large free cash flow provides durable financial flexibility: funds supply‑chain investments, targeted CapEx, debt repayment and buybacks without relying on external financing. High cash conversion (~80% of net income) supports capital allocation through cycles and funds strategic scaling.
Large Backlog & VisibilityA multi‑billion backlog gives meaningful revenue visibility and supports the raised FY guidance, reducing short‑term demand uncertainty. High expected hardware conversion concentrates revenue realization over the next 12 months, underpinning sustainable revenue growth and operational planning into next year.
Technology Leadership & Hyperscaler WinsClear product leadership and hyperscaler engagements strengthen competitive moat and customer stickiness. Broad product wins (pluggables, WaveLogic, Hyper‑Rail) accelerate scalable revenue streams, support higher ASP product mix, and position Ciena to capture structural TAM growth tied to AI and data center interconnect.
Bears Say
Supply ConstraintsConstrained component supply can delay deliveries, create backlog timing risk, and force higher inventory or supplier investments. Persistent shortages increase operational complexity, can compress margins via premium sourcing or delayed revenue recognition, and risk lumpy quarterly results over months.
Customer ConcentrationHigh revenue share from a few large cloud customers raises bargaining power and execution risk. Material dependence means contract renewals or spending shifts by these customers could produce outsized swings in revenue and pricing, undermining predictability of long‑term growth and margin stability.
Elevated Operating ExpensesRising OpEx driven by variable comp and supply‑security investments raises the base cost structure. If revenue growth falters or mix shifts, higher operating spend can erode operating leverage and compress margins; sustained margin targets rely on converting investments into productivity and pricing gains.
Ciena News
CIEN FAQ
What was Ciena Corporation’s price range in the past 12 months?
Ciena Corporation lowest stock price was $73.55 and its highest was $637.51 in the past 12 months.
What is Ciena Corporation’s market cap?
Ciena Corporation’s market cap is $60.62B.
When is Ciena Corporation’s upcoming earnings report date?
Ciena Corporation’s upcoming earnings report date is Sep 03, 2026 which is in 75 days.
How were Ciena Corporation’s earnings last quarter?
Ciena Corporation released its earnings results on Jun 04, 2026. The company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.459 by $0.181.
Is Ciena Corporation overvalued?
According to Wall Street analysts Ciena Corporation’s price is currently Undervalued.
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 1.72.
How many shares outstanding does Ciena Corporation have?
Ciena Corporation has 141,552,920 shares outstanding.
What happened to Ciena Corporation’s price movement after its last earnings report?
Ciena Corporation reported an EPS of $1.64 in its last earnings report, beating expectations of $1.459. Following the earnings report the stock price went down -13.66%.
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:
$583.00 (5.15% Upside)
$583.00 (5.15% Upside)
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 ▲ 13.1%
Last 30 Days ▲ 13.1%
News Sentiment
Neutral
Bullish news 59%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
480.08%
12-Months-Change
Fundamentals
Return on Equity
15.65%
Trailing 12-Months
Asset Growth
6.72%
Trailing 12-Months
Company Description
Ciena Corporation
Ciena Corporation is a global technology company focused on telecommunications infrastructure. It delivers integrated solutions – including specialized hardware, software applications, and professional services – designed to facilitate the efficient transmission, routing, switching, aggregation, delivery, and overall management of video, data, and voice traffic across communication networks worldwide. Within its Networking Platforms division, Ciena develops and supplies advanced hardware and integrated solutions. These products are specifically engineered to optimize the convergence of various optical transport methods (like coherent optical transport and optical transport network switching) with packet switching, enabling high-performance data handling. The product portfolio spans a range of packet-optical platforms (e.g., the 6500, 5400, and Z-Series), reconfigurable switching systems (such as the 5430), Waveserver interconnect systems, and dedicated switches for service delivery and aggregation (including the 3000 and 5000 families). This segment also provides the essential operating system software and advanced features embedded within its hardware offerings. Ciena's Blue Planet Automation Software and Services arm is dedicated to intelligent network automation. It offers solutions for orchestrating services across multiple network domains, maintaining precise network inventory, optimizing data routes, coordinating virtualized network functions (NFV), and delivering insightful analytics, alongside related support. The Platform Software and Services segment provides unified management platforms, exemplified by its OneControl system, as well as other software tools for comprehensive network planning, operational control, and ongoing oversight. Finally, the Global Services segment delivers end-to-end client support. This includes strategic consulting, detailed network architecture design, expert installation and deployment, ongoing maintenance, and comprehensive training programs. The company distributes its cutting-edge products and services to network operators through both direct sales forces and indirect channel partners. Established in 1992, Ciena Corporation maintains its corporate headquarters in Hanover, Maryland.
CIEN Company Deck
CIEN Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call highlights strong demand, record revenue growth (+40% YoY), expanding margins, significantly higher EPS, large backlog ($7.7B) and multiple product wins (Hyper‑Rail, DCOM, pluggables, coherent modules), along with raised FY guidance and an optimistic TAM outlook to ~$50B by 2029. Key negatives are supply‑side constraints, elevated OpEx driven by variable compensation and supply‑security investments, and customer concentration risk. Management presents these challenges as being actively managed (supply investments, engineering cost reductions, value exchanges) and expects durable demand and margin expansion into 2027 and beyond.View all CIEN earnings summariesCIEN Stock 12 Month Forecast
Average Price Target
$583.00
▲(5.15% Upside)
Technical Analysis
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Ownership Overview
1.13% Insiders
34.70% Mutual Funds
15.12% Other Institutional Investors
19.00% Public Companies and Individual Investors