Inside the research
Ciena Corporation
CIEN Research profile · latest available data
Price overview
$356.91
▼ -1.52 (-0.4%)
| 52w hi | $627.00 |
|---|---|
| 52w lo | $137.17 |
| Vol | 1.62M |
| As of | 25 Sep 2026 |
The Verdict
Our score -0.05
| Short | -0.60 |
|---|---|
| Medium | +0.21 |
| Long | +0.54 |
computed 2026-09-27
Key fundamentals
Ciena Corporation
Technology · Communication Equipment
| Market cap | $50.61B |
|---|---|
| Enterprise value | $51.27B |
| Trailing P/E | 80.02x |
| Forward P/E | 30.26x |
| EV / EBITDA | 49.99x |
| P / S (ttm) | 8.41x |
| Profit margin | 10.9% |
| Return on equity | 22.4% |
| Revenue growth | +37.0% |
| Earnings growth | +422.9% |
| Debt / equity | 107.50 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.28 | |
| Sector | +0.19 | |
| Technical | -0.34 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
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 Fulton, Maryland.
Risk Metrics
| Beta vs SPX | 2.08 |
|---|---|
| Corr SPX | 0.51 |
| Annual vol | 65.8% |
| Annual ret | +112.1% |
| Sharpe | 1.70 |
| Max DD | -49.4% |
Window: 504 trading days (504 obs)
Analyst Coverage
| Mean PT | $410.91 |
|---|---|
| High / Low | $660.00 / $240.00 |
| Median | $405.00 |
| Analysts | 19 |
| Strong Buy | 5 | |
|---|---|---|
| Buy | 8 | |
| Hold | 6 | |
| Sell | 1 | |
| Strong Sell | 0 |
Recent rating actions
| 2026-05-05 | Stifel | → Buy |
| 2026-05-01 | Rothschild & Co | → Neutral |
| 2026-04-20 | Morgan Stanley | → Equal-Weight |
| 2026-04-16 | JP Morgan | → Overweight |
| 2026-04-16 | B of A Securities | → Buy |
| 2026-03-23 | Stifel | → Buy |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-06-11 | Material Agreement, Material Obligation… | read |
| 2026-06-08 | Other Material Event, Exhibits | read |
| 2026-06-04 | Earnings Release, Exhibits | read |
| 2026-03-31 | Shareholder Vote | read |
| 2026-03-05 | Earnings Release, Exhibits | read |
| 2025-12-11 | Earnings Release, Exhibits | read |
| 2025-12-04 | Officer / Director Change | read |
| 2025-10-07 | Other Material Event | read |
| 2025-09-22 | Other Material Event, Exhibits | read |
| 2025-09-04 | Earnings Release, Exhibits | read |
| 2025-06-18 | Officer / Director Change, Reg FD Disclosure… | read |
| 2025-06-05 | Earnings Release, Exhibits | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-08-03 | SMITH GARY B | President, CEO | Sell | 2.95K | $1.12M |
| 2026-08-01 | Graff Marc D. | SVP & Chief Financial Off | Withheld for tax | 14.44K | $5.44M |
| 2026-07-15 | DiPerna Dino | SVP Global R&D | Sell | 391 | $175.62K |
| 2026-07-15 | Rothenstein David M | SVP and Chief Strategy Of | Sell | 2.50K | $1.05M |
| 2026-07-15 | SMITH GARY B | President, CEO | Sell | 2.95K | $1.24M |
| 2026-07-15 | Gage Brodie | SVP Global Products & Sup | Sell | 1.20K | $538.98K |
| 2026-07-01 | Kosaraju Sheela | SVP and General Counsel | Sell | 2.01K | $938.46K |
| 2026-07-01 | Graff Marc D. | SVP & Chief Financial Off | Sell | 126 | $58.74K |
| 2026-07-01 | Phipps Jason | SVP Global Sales and Mark | Sell | 2.63K | $1.23M |
| 2026-07-01 | SMITH GARY B | President, CEO | Sell | 2.95K | $1.38M |
Flow & Concentration
| Insider 180d net | -$15.81M |
|---|---|
| Insider buys / sells | 0 / 17 |
| Insider bias | Sellers |
| 13F holders | 10 |
| Top-5 share | 98.2% |
| HHI | 4,893 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| Fidelity / FMR LLC | $9.38B | 19.11M |
| State Street Corp | $3.28B | 6.68M |
| Citadel Advisors | $651.74M | 1.33M |
| AQR Capital Management | $507.24M | 1.05M |
| Capital Research / Capital World | $181.04M | 369.05K |
| Millennium Management | $114.36M | 233.12K |
| Renaissance Technologies | $90.64M | 184.77K |
| Bridgewater Associates | $49.57M | 101.04K |
| T. Rowe Price Group | $2.00M | 4.07M |
| Norges Bank (Norway sovereign) | $981.12K | 2.00K |
As of 2026-06-30
Connections
Suppliers: Competitive Environment Co
SEC Filings
The Long Run
FY 2010–2025 · 16 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| 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% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $363.00 | $366.43 | $355.01 | $356.91 | 1.62M |
| Sep 24 | $350.40 | $363.46 | $346.56 | $358.43 | 1.42M |
| Sep 23 | $368.64 | $369.00 | $351.53 | $355.91 | 1.85M |
| Sep 22 | $364.31 | $376.74 | $363.14 | $368.56 | 2.40M |
| Sep 21 | $365.05 | $367.62 | $356.46 | $365.96 | 2.89M |
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