CIEN Stock Chart & Stats
$6900.00
-$166.00(-2.35%)
At close: 4:00 PM EDT
$6900.00
-$166.00(-2.35%)
Day’s Range― - ―
52-Week Range$1,686.00 - $11,111.00
Previous CloseN/A
Volume17.00
Average Volume (3M)1.02K
Market Cap
$865.32B
Enterprise ValueN/A
Total Cash (Recent Filing)$1.20B
Total Debt (Recent Filing)$1.58B
Price to Earnings (P/E)113.4
Beta0.57
Next EarningsN/A
EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)3.09
Shares Outstanding141,552,920
10 Day Avg. Volume2,138
30 Day Avg. Volume1,022
Financial Highlights & Ratios
PEG Ratio4.37
Price to Book (P/B)9.90
Price to Sales (P/S)5.66
P/FCF Ratio40.60
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$10,167.78Price Target Upside47.36% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering15
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
Strong Free Cash Flow GenerationSustained, large free cash flow (~$948M TTM) and ~$1.03B operating cash flow improve financial flexibility, fund supply investments and buybacks, and reduce reliance on external funding. This strengthens capital allocation and supports durable growth initiatives over the next 2–6 months.
Large Backlog And Revenue VisibilityA $7.7B backlog with ~80% hardware conversion visibility over 12 months gives multi-quarter revenue certainty, enables production planning and resource allocation, and underpins the raised FY guidance—supporting durable top-line momentum if supply execution holds.
Product Leadership And Hyperscaler WinsValidated product wins (Hyper‑Rail, pluggables, coherent modules) and hyperscaler engagements strengthen Ciena's technology edge and competitive moat in high‑capacity optical networking, positioning it to capture structural TAM expansion driven by AI and cloud interconnect demand.
Bears Say
Persistent Supply ConstraintsOngoing component shortages (pump lasers, modem constraints) limit ability to convert backlog into revenue, force supply‑security spending and can create delivery lumpiness. If persistent, these operational frictions could weaken growth visibility despite strong demand over the medium term.
Customer Concentration RiskHeavy revenue reliance on a few hyperscalers concentrates commercial risk: contract timing, pricing leverage, or project shifts by these customers could produce material revenue volatility and margin pressure, reducing predictability of performance over the coming quarters.
Capital Structure Change Introduces Dilution RiskLarge convertible issuance materially reshapes liquidity and extends maturities while reducing secured debt. It improves near‑term credit flexibility but introduces potential equity dilution and hedging complexity that could affect EPS and shareholder returns during conversion windows over the medium term.
Ciena News
CIEN FAQ
What was Ciena Corporation’s price range in the past 12 months?
Ciena Corporation lowest stock price was $1686.00 and its highest was $11111.00 in the past 12 months.
What is Ciena Corporation’s market cap?
Ciena Corporation’s market cap is $865.32B.
When is Ciena Corporation’s upcoming earnings report date?
The company’s upcoming earnings report date is not yet available.
How were Ciena Corporation’s earnings last quarter?
Ciena Corporation released its earnings results on Jun 04, 2026. The company reported $28.674 earnings per share for the quarter, beating the consensus estimate of $25.51 by $3.165.
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 for its next earnings report is not yet available.
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 $28.674 in its last earnings report, beating expectations of $25.51. Following the earnings report the stock price went down -13.576%.
Which hedge fund is a major shareholder of Ciena Corporation?
Currently, no hedge funds are holding shares in MX: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
Outperform
1
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10
Analyst Consensus
Moderate Buy
Average Price Target:
$10,167.78 (47.36% Upside)
$10,167.78 (47.36% Upside)
Blogger Sentiment
Bullish
MX:CIEN Sentiment 79%
Sector Average ―
Sector Average ―
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
348.40%
12-Months-Change
Fundamentals
Return on Equity
―
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 MX:CIEN earnings summariesCIEN Stock 12 Month Forecast
Average Price Target
$10,167.78
▲(47.36% Upside)