The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

CIEN

Concerning the House

Ciena Corporation, a network technology company, provides hardware, software, and services for various network operators in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and India. It operates through Networking Platforms, Platform Software and Services, Blue Planet Automation Software and Services, and Global Services segments. The Networking Platforms segment consists optical networking, routing, and switching products and services. This segment products include the 6500 Packet-Optical Platform, Waveserver modular interconnect system, the 6500 Reconfigurable Line System, and coherent pluggable transceivers; and the 3000 family of service delivery platforms and the 5000 family of service aggregation, as well as the 8100 Coherent Routing platforms and virtualization software. The Platform Software and Services segment offers navigator network control suite; and software subscription services, consulting, network migration and integration, installation and upgrade support services, and technical support solutions. The Blue Planet Automation Software and Services segment inventory management, orchestration, route optimization and analysis, and unified assurance and analytics software; and sells subscription, installation, support, consulting, and design services related to the Blue Planet automation platform. The Global Services segment provides services for advisory and enablement, implementation, and maintenance, support, and learning activities. Ciena Corporation was incorporated in 1992 and is headquartered in Hanover, Maryland.

United States · www.ciena.com

The Long Run

FY 2010–2025 · 16 years

LineLatestCAGRTrend
Revenue$4.77B+11.7%
Gross profit$1.72B+8.6%
Operating income$357.55M+28.9%
Net income$254.83M+26.5%
Cash from ops$168.33M+27.1%
Quotation

$442.79

+10.74 (+2.5%)

52w hi$627.00
52w lo$86.64
Vol2.91M
As ofAug 13
The Verdict

Hold

Our score +0.28

Short+0.25
Medium+0.28
Long+0.35

computed 2026-08-12

By the Numbers

Ciena Corporation

Technology · Communication Equipment

Market cap$62.68B
Enterprise value$61.54B
Trailing P/E148.59x
Forward P/E45.94x
EV / EBITDA78.32x
P / S (ttm)11.25x
Profit margin7.9%
Return on equity15.5%
Revenue growth+39.5%
Earnings growth+2383.3%
Debt / equity54.65
Risk Metrics
Beta vs SPX2.09
Corr SPX0.53
Annual vol64.2%
Annual ret+131.4%
Sharpe2.05
Max DD-47.3%

Window: 504 trading days (504 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.25
Sector+0.14
Technical-0.21
Earnings+0.00
Sentiment+0.76

macro × 1.00 · 2026-08-12

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$430.32$462.69$428.00$442.792.91M
Aug 12$414.51$446.36$409.24$432.053.99M
Aug 11$388.84$394.99$384.19$387.531.53M
Aug 10$420.00$420.00$387.28$387.702.02M
Aug 7$411.04$420.00$396.89$412.391.89M