CIEN Stock Chart & Stats
$6850.00
-$166.00(-2.35%)
At close: 4:00 PM EDT
$6850.00
-$166.00(-2.35%)
Day’s Range― - ―
52-Week Range$2,172.59 - $11,111.00
Previous CloseN/A
Volume17.00
Average Volume (3M)438.00
Market Cap
$772.75B
Enterprise Value$55.69K
Total Cash (Recent Filing)$2.63B
Total Debt (Recent Filing)$237.16M
Price to Earnings (P/E)69.5
Beta0.55
Next Earnings
Dec 10, 2026EPS Estimate
35.09Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)4.62
Shares Outstanding141,808,520
10 Day Avg. Volume990
30 Day Avg. Volume438
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
$8,475.51Price Target Upside23.73% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering15
EPS Forecast (FY)110.71
Revenue Forecast (FY)$107.12B
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 $2172.59 and its highest was $11111.00 in the past 12 months.
What is Ciena’s market cap?
Ciena’s market cap is $772.75B.
When is Ciena’s upcoming earnings report date?
Ciena’s upcoming earnings report date is Dec 10, 2026 which is in 92 days.
How were Ciena’s earnings last quarter?
Ciena released its earnings results on Sep 03, 2026. The company reported $35.632 earnings per share for the quarter, beating the consensus estimate of $29.164 by $6.468.
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 35.09.
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 $35.632 in its last earnings report, beating expectations of $29.164. Following the earnings report the stock price went down -10.295%.
Which hedge fund is a major shareholder of Ciena?
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
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$8,475.51 (23.73% Upside)
$8,475.51 (23.73% Upside)
Blogger Sentiment
Bullish
MX:CIEN Sentiment 78%
Sector Average 60%
Sector Average 60%
News Sentiment
Bullish
Bullish news 77%
Bearish news 23%
Bearish news 23%
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 MX:CIEN earnings summariesCIEN Stock 12 Month Forecast
Average Price Target
$8,475.51
▲(23.73% Upside)