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CIEN Stock Chart & Stats
$387.66
-$16.57(-4.07%)
At close: 4:00 PM EDT
$387.66
-$16.57(-4.07%)
Day’s Range― - ―
52-Week Range$113.66 - $637.51
Previous CloseN/A
Volume1.49M
Average Volume (3M)2.29M
Market Cap
$45.52B
Enterprise Value$55.69K
Total Cash (Recent Filing)$2.63B
Total Debt (Recent Filing)$237.16M
Price to Earnings (P/E)69.5
Beta1.73
Next Earnings
Dec 10, 2026EPS Estimate
2.08Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)4.62
Shares Outstanding141,808,520
10 Day Avg. Volume2,451,328
30 Day Avg. Volume2,285,148
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$499.27Price Target Upside28.79% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering15
EPS Forecast (FY)6.55
Revenue Forecast (FY)$6.34B
Bulls Say, Bears Say
Bulls Say
Profitable Growth And Operating LeverageThe rebound combines higher revenue with materially stronger gross, EBIT, EBITDA, and net margins, indicating improved operating leverage rather than growth alone. If maintained, this profitability supports reinvestment, resilience, and stronger earnings capacity over the next several quarters.
Large Backlog Supports Revenue VisibilityA growing backlog provides meaningful forward visibility and supports production planning through the next year. Its scale also indicates sustained customer demand for Ciena’s networking systems, while expected conversion into deliveries can underpin revenue momentum beyond a single quarter.
Stronger Balance Sheet And LiquidityThe sharp reduction in leverage improves financial flexibility and lowers the burden of debt service relative to prior years. Combined with substantial cash, this gives Ciena more capacity to fund supply investments, support customers, and navigate network-spending cycles.
Bears Say
Supply Constraints Could Limit ExecutionDemand is currently exceeding available supply in important components, which can delay deliveries and make revenue timing less predictable. Continued shortages may also require higher investment or supplier commitments, potentially limiting growth conversion and pressuring margins.
High Customer ConcentrationA large share of revenue tied to two cloud customers increases exposure to their spending plans, procurement decisions, and deployment timing. Any reduction, delay, or renegotiation by either customer could create disproportionate volatility in revenue and utilization.
Cyclical And Volatile Cash GenerationAlthough current cash generation is solid, its historical volatility and recent decline reduce confidence that performance will remain steady through a downcycle. Uneven customer capital spending can therefore make earnings, free cash flow, and investment capacity less predictable.
Ciena News
CIEN FAQ
What was Ciena’s price range in the past 12 months?
Ciena lowest stock price was $113.66 and its highest was $637.51 in the past 12 months.
What is Ciena’s market cap?
Ciena’s market cap is $45.52B.
When is Ciena’s upcoming earnings report date?
Ciena’s upcoming earnings report date is Dec 10, 2026 which is in 94 days.
How were Ciena’s earnings last quarter?
Ciena released its earnings results on Sep 03, 2026. The company reported $2.11 earnings per share for the quarter, beating the consensus estimate of $1.727 by $0.383.
Is Ciena overvalued?
According to Wall Street analysts Ciena’s price is currently Undervalued.
Does Ciena pay dividends?
Ciena does not currently pay dividends.
What is Ciena’s EPS estimate?
Ciena’s EPS estimate is 2.08.
How many shares outstanding does Ciena have?
Ciena has 141,808,520 shares outstanding.
What happened to Ciena’s price movement after its last earnings report?
Ciena reported an EPS of $2.11 in its last earnings report, beating expectations of $1.727. Following the earnings report the stock price went down -10.363%.
Which hedge fund is a major shareholder of Ciena?
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
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$499.27 (28.79% Upside)
$499.27 (28.79% Upside)
Blogger Sentiment
Bullish
CIEN Sentiment 78%
Sector Average 60%
Sector Average 60%
Hedge Fund Trend
Decreased
By 1.1M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Neutral
Last 7 Days ▲ 1.2%
Last 30 Days ▼ 1.5%
Last 30 Days ▼ 1.5%
News Sentiment
Bullish
Bullish news 78%
Bearish news 22%
Bearish news 22%
Technicals
SMA
Positive
20 days / 200 days
Momentum
174.54%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
39.11%
Trailing 12-Months
Learn more about TipRanks Smart Score
Company Description
Ciena
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
Q3 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
$499.27
▲(28.79% Upside)
Technical Analysis
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Ownership Overview
0.82% Insiders
34.25% Mutual Funds
11.26% Other Institutional Investors
24.36% Public Companies and Individual Investors