Ciena (CIEN) Stock Price

Ciena Price

NYSE·CLOSED
398.27USD-14.12 (-3.48 %)
Market closed

Over the last 19 years Ciena grew revenue by 11.9% annually, reaching 4.77 B USD. Earnings per share have grown at 28.7% per year over the last 19 years. For Ciena, the net margin of 2.6% is down versus 13.8% a few years ago. The consensus 12-month price target for Ciena is 260.10 USD, about 34.7% below where the stock trades today. Of 24 analysts, 16 rate the stock a buy — an overall Buy consensus. The stock trades about 360% above its 52-week low.

Ciena stock price

Volume
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Ciena over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Ciena stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Ciena's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Ciena Stock Price History
DateCiena Price
8/10/2026398.27 USD
8/7/2026412.39 USD
8/6/2026403.76 USD
8/5/2026417.20 USD
8/4/2026414.88 USD
8/3/2026390.76 USD
7/31/2026377.05 USD
7/30/2026372.07 USD
7/29/2026334.85 USD
7/27/2026368.80 USD
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3/31/2026388.23 USD
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3/4/2026343.55 USD
3/3/2026333.07 USD
3/2/2026353.73 USD
2/27/2026348.70 USD
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1/30/2026251.81 USD
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1/20/2026241.21 USD
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1/14/2026238.38 USD
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12/31/2025233.87 USD
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11/25/2025196.24 USD
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11/12/2025209.52 USD
11/11/2025207.43 USD
11/10/2025208.74 USD
11/7/2025199.26 USD
11/6/2025201.46 USD
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11/4/2025182.87 USD
11/3/2025189.56 USD
10/31/2025189.92 USD
10/30/2025188.96 USD
10/29/2025189.27 USD
10/28/2025183.04 USD
10/27/2025182.54 USD
10/24/2025179.05 USD
10/23/2025172.58 USD
10/22/2025164.48 USD
10/21/2025169.71 USD
10/20/2025173.12 USD
10/17/2025170.95 USD
10/16/2025170.78 USD
10/15/2025168.71 USD
10/14/2025164.82 USD
10/13/2025164.78 USD
10/10/2025155.94 USD
10/9/2025163.61 USD
10/8/2025159.66 USD
10/7/2025151.48 USD
10/6/2025153.25 USD
10/3/2025151.45 USD
10/2/2025152.66 USD
10/1/2025151.72 USD
9/30/2025145.67 USD
9/29/2025144.12 USD
9/26/2025141.93 USD
9/25/2025137.17 USD
9/24/2025138.42 USD
9/23/2025139.48 USD
9/22/2025139.31 USD
9/19/2025138.37 USD
9/18/2025138.04 USD
9/17/2025136.38 USD
9/16/2025137.48 USD
9/15/2025135.90 USD
9/12/2025131.28 USD
9/11/2025132.50 USD
9/10/2025129.86 USD
9/9/2025122.19 USD
9/8/2025119.00 USD
9/5/2025116.69 USD
9/4/2025116.92 USD
9/3/202594.82 USD
9/2/202593.59 USD
8/29/202593.97 USD
8/28/202597.89 USD
8/27/202592.74 USD
8/26/202591.49 USD
8/25/202590.74 USD
8/22/202589.81 USD
8/21/202587.36 USD
8/20/202586.64 USD
8/19/202588.77 USD
8/18/202591.93 USD
8/15/202590.87 USD
8/14/202591.42 USD
8/13/202594.66 USD
8/12/202596.40 USD
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Ciena Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2022
3.63 B USD
257.23 M USD
152.90 M USD
Jan 1, 2023
4.39 B USD
384.85 M USD
254.83 M USD
Jan 1, 2024
4.01 B USD
191.21 M USD
83.96 M USD
Jan 1, 2025
4.77 B USD
310.79 M USD
123.34 M USD
Jan 1, 2026 (e)
6.33 B USD
509.86 M USD
920.24 M USD
Jan 1, 2027 (e)
8.04 B USD
647.33 M USD
1.36 B USD
Jan 1, 2028 (e)
10.22 B USD
823.25 M USD
2.01 B USD
Jan 1, 2029 (e)
13.11 B USD
1.06 B USD
2.84 B USD

Ciena Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 12, 2026, 12:00 PM
 
REVENUEB USD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB USD
EBITB USD
EBIT MARGIN%
NET INCOMEB USD
NET INCOME GROWTH%
SHARESM
2014201520162017201820192020202120222023202420252026e2027e2028e2029e
2.292.452.602.803.093.573.533.623.634.394.014.776.338.0410.2213.11
9.896.866.347.7310.4615.45-1.122.490.3320.76-8.4818.8132.7326.9727.1728.29
41.4343.9744.6544.4542.4743.1746.7747.5442.9542.8242.8342.0242.0242.0242.0242.02
0.951.081.161.251.311.541.651.721.561.881.722.002.663.384.305.51
0.050.100.140.210.230.350.490.500.260.380.190.310.510.650.821.06
1.974.095.507.647.409.6913.7613.677.088.764.766.508.048.058.058.05
-0.040.010.071.26-0.340.250.360.500.150.250.080.120.921.362.012.84
-52.94-127.50554.551,651.39-127.28-173.5542.6938.50-69.6067.11-67.3248.19647.9747.6148.0941.37
106.93134.10165.30158.79157.75156.61156.56156.69149.11147.89145.96145.47145.47145.47145.47145.47
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Ciena generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Ciena retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Ciena's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Ciena has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Ciena's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Ciena stock margins

The Ciena margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Ciena. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Ciena.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
47.56 %
13.68 %
13.81 %
Jan 1, 2022
42.95 %
7.08 %
4.21 %
Jan 1, 2023
42.83 %
8.77 %
5.81 %
Jan 1, 2024
42.83 %
4.76 %
2.09 %
Jan 1, 2025
42.04 %
6.52 %
2.59 %
Jan 1, 2026 (e)
42.04 %
8.05 %
14.54 %
Jan 1, 2027 (e)
42.04 %
8.05 %
16.90 %
Jan 1, 2028 (e)
42.04 %
8.05 %
19.68 %

Ciena Stock Revenue, EBIT, Earnings per Share

The Ciena earnings per share therefore indicates how much revenue Ciena has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
23.11 USD
3.16 USD
3.19 USD
Jan 1, 2022
24.36 USD
1.73 USD
1.03 USD
Jan 1, 2023
29.66 USD
2.60 USD
1.72 USD
Jan 1, 2024
27.51 USD
1.31 USD
0.58 USD
Jan 1, 2025
32.79 USD
2.14 USD
0.85 USD
Jan 1, 2026 (e)
44.94 USD
3.50 USD
6.53 USD
Jan 1, 2027 (e)
57.06 USD
4.45 USD
9.65 USD
Jan 1, 2028 (e)
72.57 USD
5.66 USD
14.28 USD

Ciena business model & stock analysis

Ciena Corp. was founded in Maryland, USA in 1992 and is a leading provider of communication network solutions worldwide. The company specializes in the development and manufacture of fiber optic and ethernet-based network solutions and uses them to transport data. The business model of the company is established in the telecommunications industry. It offers solutions for both telecommunications network operators and companies operating their own networks. Ciena helps them increase the speed and complexity of their networks while reducing costs and improving quality and reliability. Ciena's business segments are divided into three categories: Converged packet-optical solutions, software and services, and packet networking solutions. In the category of converged packet-optical solutions, Ciena manufactures various products for fiber optic networks. These products include optical transport solutions, packet-optical platforms, packet networking platforms, managed services, software, and applications. These solutions improve network performance by consolidating and modernizing existing infrastructure. Along with its products, Ciena offers a wide range of services tailored to its customers' needs. For example, the company assists in the installation, maintenance, and monitoring of networks, as well as training employees to work with them. In the software and services category, Ciena offers an extensive range of software used to manage networks, services, and applications. This includes network management software, security solutions, monitoring software, software solutions for service orchestration, certification, training, and support. In the packet networking solutions category, the company offers network solutions based on Ethernet. These include network access solutions, Ethernet transport solutions, multi-service services, and aggregation devices. These products can be used in a variety of environments, such as commercial, government, and agency sectors. Ciena has established itself very well in the market in recent years and is popular with its customers and partners. The products are tailored to meet customer requirements, and the company is constantly working to improve its technologies and expand its product offerings. Ciena's client list is diverse, including network operators, enterprises, government and agency facilities, research centers, data centers, and cable network operators. Ciena is also proud to be a pioneer in the development and use of technologies that improve the performance, reliability, and scalability of networks. The company invests approximately 15% of its revenue annually in research and development. Ciena's commitment to research and development enables the company to develop new ideas and innovations that further enhance network efficiency and performance. Overall, Ciena is a renowned provider of communication network solutions. With its products and services, the company has delivered significant benefits to its customers, such as improved network performance, cost savings, and increased efficiency. Ciena has earned a high level of visibility and reputation in the industry and will continue to develop innovative solutions in the future that meet the needs of the telecommunications industry.

Ciena SWOT Analysis

Strengths

Leading Technology: Ciena Corp is known for its cutting-edge technology solutions and innovative products, giving it a competitive advantage in the telecommunications industry.

Strong Market Position: The company has established a strong presence in the market, enabling it to attract top-tier customers and secure long-term contracts.

Global Reach: Ciena Corp operates globally, with a broad customer base and a strong foothold in both developed and emerging markets.

Weaknesses

Dependence on Key Customers: Ciena Corp relies heavily on a few major customers for a significant portion of its revenue, making it vulnerable to fluctuations in demand or the loss of a key contract.

High Research and Development Costs: Due to its focus on advanced technology, the company incurs substantial R&D expenses which may impact its profitability in the short term.

Reliance on Suppliers: Ciena Corp is dependent on a limited number of suppliers for key components, which poses a risk in terms of supply chain disruptions and potential price increases.

Opportunities

5G Technology Adoption: The global shift towards 5G technology presents a significant growth opportunity for Ciena Corp, as it can provide solutions tailored for the next generation of communication networks.

Expansion into Emerging Markets: The company can capitalize on the increasing demand for telecommunications infrastructure in emerging markets, where there is a need for modernization and expansion.

Acquisitions and Partnerships: Strategic acquisitions and partnerships can enable Ciena Corp to enhance its product portfolio, enter new markets, and gain a competitive edge.

Threats

Intense Competition: The telecommunications industry is highly competitive, with several established and emerging players vying for market share. Ciena Corp faces the risk of losing customers to competitors offering similar or superior solutions.

Economic Uncertainty: Global economic conditions and fluctuations can affect the overall demand for telecommunications infrastructure, potentially impacting Ciena Corp's revenue and profitability.

Regulatory Challenges: Regulatory changes and compliance requirements in various jurisdictions can pose challenges for Ciena Corp, potentially leading to increased costs or restrictions on its operations.

Ciena Employees

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Ciena Employees
Details
Date
Ciena Employees
Jan 1, 2018
- Employees
Jan 1, 2019
- Employees
Jan 1, 2020
- Employees
Jan 1, 2021
- Employees
Jan 1, 2022
- Employees
Jan 1, 2023
- Employees
Jan 1, 2024
- Employees
Jan 1, 2025
- Employees

Ciena Segments

Ciena Revenue by Segment (1/7)

  • 3 Years

  • 5 Years

  • Max

Products
Services
Installation
Details
Date
Products
Services
Installation
Grant
Jan 1, 2019
2.98 B USD
0.00 USD
148.23 M USD
0.00 USD
Jan 1, 2021
2.93 B USD
688.08 M USD
0.00 USD
0.00 USD
Jan 1, 2022
2.89 B USD
743.81 M USD
0.00 USD
0.00 USD
Jan 1, 2023
3.58 B USD
805.51 M USD
0.00 USD
0.00 USD
Jan 1, 2024
3.16 B USD
855.93 M USD
0.00 USD
0.00 USD
Jan 1, 2025
3.82 B USD
946.89 M USD
0.00 USD
0.00 USD

Ciena Revenue by Segment (2/7)

  • 3 Years

  • 5 Years

  • Max

Optical Networking
Converged Packet Optical
Routing and Switching
Packet Networking
Platform Software and Services
Maintenance, Support, and Learning
Maintenance Support and Training
Implementation
Installation and Deployment
Blue Planet Automation Software and Services
Advisory and Enablement
Consulting and Network Design
Grant
Details
Date
Products
Optical Networking
Converged Packet Optical
Services
Routing and Switching
Packet Networking
Platform Software and Services
Maintenance, Support, and Learning
Maintenance Support and Training
Implementation
Installation and Deployment
Blue Planet Automation Software and Services
Advisory and Enablement
Consulting and Network Design
Grant
Jan 1, 2019
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
9.20 M USD
Jan 1, 2021
0.00 USD
0.00 USD
2.55 B USD
0.00 USD
271.80 M USD
0.00 USD
229.59 M USD
0.00 USD
283.35 M USD
0.00 USD
171.49 M USD
77.25 M USD
0.00 USD
33.71 M USD
0.00 USD
Jan 1, 2022
0.00 USD
0.00 USD
2.38 B USD
0.00 USD
398.44 M USD
398.44 M USD
277.19 M USD
0.00 USD
292.38 M USD
0.00 USD
157.44 M USD
76.57 M USD
0.00 USD
50.72 M USD
0.00 USD
Jan 1, 2023
0.00 USD
2.99 B USD
0.00 USD
0.00 USD
506.25 M USD
0.00 USD
303.87 M USD
0.00 USD
288.33 M USD
0.00 USD
180.95 M USD
69.17 M USD
0.00 USD
50.73 M USD
0.00 USD
Jan 1, 2024
0.00 USD
2.64 B USD
0.00 USD
0.00 USD
399.49 M USD
0.00 USD
358.06 M USD
0.00 USD
303.09 M USD
0.00 USD
184.36 M USD
77.62 M USD
0.00 USD
49.78 M USD
0.00 USD
Jan 1, 2025
0.00 USD
3.25 B USD
0.00 USD
0.00 USD
430.14 M USD
0.00 USD
363.83 M USD
317.25 M USD
0.00 USD
246.05 M USD
0.00 USD
115.55 M USD
50.46 M USD
0.00 USD
0.00 USD

Ciena Revenue by Segment (3/7)

  • 3 Years

  • Max

Grant
Details
Date
Grant
Jan 1, 2019
0.00 USD
Jan 1, 2021
8.30 M USD
Jan 1, 2022
0.00 USD
Jan 1, 2023
0.00 USD
Jan 1, 2024
0.00 USD
Jan 1, 2025
0.00 USD

Ciena Revenue by Segment (4/7)

  • 3 Years

  • 5 Years

  • Max

Services
Details
Date
Services
Grant
Jan 1, 2019
588.32 M USD
0.00 USD
Jan 1, 2021
0.00 USD
0.00 USD
Jan 1, 2022
0.00 USD
0.00 USD
Jan 1, 2023
0.00 USD
0.00 USD
Jan 1, 2024
0.00 USD
0.00 USD
Jan 1, 2025
0.00 USD
0.00 USD

Ciena Revenue by Segment (5/7)

  • 3 Years

  • 5 Years

  • Max

Converged Packet Optical
Packet Networking
Platform Software and Services
Maintenance Support and Training
Blue Planet Automation Software and Services
Consulting and Network Design
Details
Date
Converged Packet Optical
Packet Networking
Platform Software and Services
Maintenance Support and Training
Blue Planet Automation Software and Services
Consulting and Network Design
Jan 1, 2019
2.56 B USD
348.48 M USD
155.38 M USD
261.34 M USD
54.56 M USD
41.31 M USD
Jan 1, 2021
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2022
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2023
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2024
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2025
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD

Ciena Revenue by Segment (6/7)

  • 3 Years

  • 5 Years

  • Max

Networking Platforms
Global Services
Platform Software and Services
Blue Planet Automation Software and Services
Details
Date
Networking Platforms
Global Services
Platform Software and Services
Blue Planet Automation Software and Services
Jan 1, 2019
0.00 USD
450.88 M USD
0.00 USD
0.00 USD
Jan 1, 2021
2.83 B USD
488.54 M USD
229.59 M USD
77.25 M USD
Jan 1, 2022
2.78 B USD
500.53 M USD
277.19 M USD
76.57 M USD
Jan 1, 2023
3.49 B USD
520.01 M USD
303.87 M USD
69.17 M USD
Jan 1, 2024
3.04 B USD
537.22 M USD
358.06 M USD
77.62 M USD
Jan 1, 2025
3.68 B USD
613.75 M USD
363.83 M USD
115.55 M USD

Ciena Revenue by Segment (7/7)

  • 3 Years

  • 5 Years

  • Max

Networking Platforms
Platform Software and Services
Blue Planet Automation Software and Services
Details
Date
Networking Platforms
Platform Software and Services
Blue Planet Automation Software and Services
Jan 1, 2019
2.91 B USD
155.38 M USD
54.56 M USD
Jan 1, 2021
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2022
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2023
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2024
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2025
0.00 USD
0.00 USD
0.00 USD

Ciena Revenue by Region

  • 3 Years

  • 5 Years

  • Max

Americas
United States
North America
EMEA
APAC
CALA
Details
Date
Americas
United States
North America
EMEA
APAC
CALA
Jan 1, 2018
0.00 USD
0.00 USD
1.89 B USD
464.88 M USD
602.78 M USD
140.18 M USD
Jan 1, 2019
0.00 USD
0.00 USD
2.35 B USD
566.72 M USD
501.50 M USD
152.65 M USD
Jan 1, 2020
2.47 B USD
0.00 USD
0.00 USD
591.47 M USD
471.41 M USD
0.00 USD
Jan 1, 2021
2.53 B USD
2.27 B USD
0.00 USD
670.46 M USD
424.60 M USD
0.00 USD
Jan 1, 2022
2.64 B USD
2.42 B USD
0.00 USD
555.22 M USD
440.61 M USD
0.00 USD
Jan 1, 2023
3.11 B USD
2.80 B USD
0.00 USD
643.14 M USD
633.06 M USD
0.00 USD
Jan 1, 2024
2.95 B USD
2.80 B USD
0.00 USD
648.87 M USD
414.17 M USD
0.00 USD
Jan 1, 2025
3.61 B USD
3.40 B USD
0.00 USD
731.91 M USD
431.19 M USD
0.00 USD

Ciena Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Ciena historical P/E ratio, EBIT multiple, and P/S ratio

Ciena annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Ciena shares outstanding

The number of shares of Ciena was 145.47 M in 2025. This indicates how many shares Ciena is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
156.69 M Stocks
Jan 1, 2022
149.11 M Stocks
Jan 1, 2023
147.89 M Stocks
Jan 1, 2024
145.96 M Stocks
Jan 1, 2025
145.47 M Stocks
Jan 1, 2026 (e)
145.47 M Stocks
Jan 1, 2027 (e)
145.47 M Stocks
Jan 1, 2028 (e)
145.47 M Stocks

Ciena stock splits

In Ciena's history, there have been no stock splits.

Current Ciena forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
0.00 %
Buy
66.67 % (16)
Hold
33.33 % (8)
Sell
0.00 % (0)
12M Price Target
260.10
Last Price
398.27
Currency
USD
12M Return Potential
-34.69 %
LTM Return
0 %

Ciena Analyst Rating Actions

DateFirmActionRatingReliability
6/23/2026
Needham
Needham
MaintainedBuy70
6/5/2026
UBS
UBS
MaintainedNeutral51
6/5/2026
Rosenblatt
Rosenblatt
MaintainedBuy72
6/5/2026
Needham
Needham
MaintainedBuy70
6/5/2026
Morgan Stanley
Morgan Stanley
MaintainedEqual Weight60
6/5/2026
Barclays
Barclays
MaintainedOverweight33
6/4/2026
Raymond James
Raymond James
MaintainedOutperform74
6/2/2026
B. Riley Securities
B. Riley Securities
MaintainedNeutral
5/26/2026
B of A Securities
B of A Securities
MaintainedBuy70
5/18/2026
Citigroup
Citigroup
MaintainedBuy48

Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.

Ciena Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
6/4/20261.49USD-1.53 BUSD-2026 Q2
3/5/20261.19USD-1.42 BUSD-2026 Q1
12/11/20250.78USD-1.31 BUSD-2025 Q4
12/12/20240.67USD-1.13 BUSD-2024 Q4
6/4/20240.68USD-1.12 BUSD-2024 Q2
3/4/20240.57USD-1.07 BUSD-2024 Q1
12/8/20220.08USD-859.65 MUSD-2022 Q4
9/1/20220.34USD-917.51 MUSD-2022 Q3
6/2/20220.55USD-965.10 MUSD-2022 Q2
3/7/20220.46USD-869.71 MUSD-2022 Q1
...

EESG©

Eulerpool ESG Scorecard© for the Ciena stock

74/100
91
Environment
99
Social
32
Governance
E

Environment

20
Scope 1 - Direct Emissions2,136
Scope 2 - Indirect emissions from purchased energy14,312
Scope 3 - Indirect emissions within the value chain2,426,871
Total CO₂ emissions16,448
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees21.6
Percentage of women in management
Percentage of Asian employees22.9
Share of Asian management
Percentage of Hispanic/Latino employees6.3
Hispano/Latino Management share
Percentage of Black employees5.2
Black Management Share
Percentage of white employees63.3
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Ciena shareholder structure

% Name
15.05840%
FMR LLC
FMR LLC
9.49506%
BLACKROCK, INC.
BLACKROCK, INC.
7.26067%
JPMORGAN CHASE & CO
JPMORGAN CHASE & CO
6.51001%
VANGUARD CAPITAL MANAGEMENT LLC
VANGUARD CAPITAL MANAGEMENT LLC
5.23189%
VANGUARD PORTFOLIO MANAGEMENT LLC
VANGUARD PORTFOLIO MANAGEMENT LLC
4.47927%
STATE STREET CORP
STATE STREET CORP
...

Ciena Beneficial Ownership Filings (SEC 13D/G)

Free Float
99.5%
Float Shares
-
Shares Outstanding
-
StakeHolderFiling
13.91%
04-2683227
04-2683227
SEC ↗
12.37%
Fiduciary Trust Company International
Fiduciary Trust Company International
SEC ↗
12.07%
Abigail P. Johnson
Abigail P. Johnson
SEC ↗
11.50%
(1) BlackRock, Inc.
(1) BlackRock, Inc.
SEC ↗
9.39%
The Vanguard Group - 23-1945930
The Vanguard Group - 23-1945930
SEC ↗
8.00%
BlackRock, Inc.
BlackRock, Inc.
SEC ↗
7.70%
JPMORGAN CHASE & CO.
JPMORGAN CHASE & CO.
SEC ↗
7.67%
Brookside Capital Trading Fund, L.P.
Brookside Capital Trading Fund, L.P.
SEC ↗
7.60%
Leon G. Cooperman
Leon G. Cooperman
SEC ↗
7.47%
Vanguard Capital Management
Vanguard Capital Management
SEC ↗

Ciena Executives and Management Board

18 members · avg. age 63 · 22 % women

GS

Mr. Gary Smith (64)

President, Chief Executive Officer, Director · since 1997

14.08 M USD

Management

JM

Mr. James Moylan (73)

Chief Financial Officer, Senior Vice President

4.00 M USD
JP

Mr. Jason Phipps (52)

Senior Vice President - Global Customer Engagement

3.88 M USD
DR

Mr. David Rothenstein (56)

Senior Vice President, Company Secretary, Chief Strategy Officer

3.36 M USD
DD

Mr. Dino Diperna (63)

Senior Vice President - Global Research & Development

2.80 M USD
MG

Mr. Marc Graff (57)

Chief Financial Officer, Senior Vice President

SK

Ms. Sheela Kosaraju (52)

Acting Chief People Officer, Senior Vice President, General Counsel

Board of Directors

PG

Mr. Patrick Gallagher (70)

Lead Independent Director

359,962.00 USD
LF

Ms. Lawton Fitt (71)

Independent Chairman of the Board

334,962.00 USD
JO

Ms. Joanne Olsen (66)

Independent Director

330,962.00 USD
BC

Mr. Bruce Claflin (73)

Independent Director

324,962.00 USD
HA

Dr. Hassan Ahmed (67)

Independent Director

315,962.00 USD
DK

Mr. Devinder Kumar (69)

Independent Director

314,962.00 USD

Ciena Supply Chain

Ciena Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
30 companies
#Nameβ 1YTrend
1
Telstra
Supplier·Customer·Diversified Telecommunication Services·AU
0.33
0.72
-0.03
0.65
0.57
0.72
2
NeoPhotonics
Supplier·Semiconductors & Semiconductor Equipment·US
-0.52
0.29
0.53
0.45
0.58
0.72
3
Lumentum Holdings
Supplier·Communications Equipment·US
0.92
-0.26
0.70
0.90
0.87
0.66
1.12
4
Viavi Solutions
Supplier·Communications Equipment·US
0.72
0.78
0.82
0.89
0.55
0.66
0.50
5
Bharti Airtel
Customer·IN
0.65
0.83
0.07
-0.36
0.21
0.64
#Nameβ 1YTrend
1
Datatec
Customer·Leisure Products·ZA
0.42
0.84
0.78
0.88
2
Digital 9 Infrastructure
Customer·N/A·GB
0.12
-0.22
-0.74
-0.37
-0.23
3
Oman Telecommunications
Customer·OM
-0.51
-0.40
-0.21
-0.70
4
Telesat
Customer·CA
-0.70
-0.89
0.54
0.87
5
Zoom Video Communications A
Supplier·Software·US
0.02
0.86
0.83
0.88
-0.29
-0.66
-0.19

Frequently asked questions about Ciena

Ciena Corp, a leading telecommunications networking equipment company, operates with a business model focused on providing innovative solutions for network infrastructure. Ciena Corp designs, develops, and sells a wide range of networking hardware, software, and services to enable the delivery of high-speed, reliable communications. With a core emphasis on optical networking, Ciena Corp serves various industries like telecommunications, cable operators, and content providers. By leveraging its expertise in optical transport and packet-optical networking, Ciena Corp enables its customers to efficiently manage and scale their networks to meet the increasing demand for bandwidth-intensive applications and services.

Ciena Corp is primarily active in the telecommunications and networking industry.

Some of the main competitors of Ciena Corp in the market are Cisco Systems, Inc., Nokia Corporation, Infinera Corporation, and Juniper Networks, Inc.

Ciena Corp is a telecommunications networking equipment and software services provider. Founded in 1992, the company has since established itself as a global leader in optical networking solutions. Throughout its history, Ciena Corp has been at the forefront of innovation, revolutionizing the way networks are designed, built, and operated. It specializes in high-capacity optical transport, Ethernet, and software-defined networking solutions, catering to a wide range of industries including telecommunications, cable, and utility companies. With a focus on advanced technology and exceptional customer service, Ciena Corp continues to drive the digital transformation of networks worldwide.

Ciena Corp, a leading network strategy and technology company, has achieved several significant milestones. Notably, the company launched the industry's first commercially available dense wavelength division multiplexing (DWDM) system in 1996, revolutionizing optical networking. Over the years, Ciena Corp has continued to innovate, introducing groundbreaking solutions like WaveLogic coherent technology, which enables higher-capacity and efficient optical networks. The company's acquisition of Cyan Inc. in 2015 strengthened its software-defined networking capabilities. Furthermore, Ciena Corp has consistently been recognized as a trusted technology provider, serving major global service providers, enterprises, and governments. With its dedication to innovation and customer-centric approach, Ciena Corp has cemented its position as a leader in the telecommunications industry.

Ciena Corp is primarily present in various countries and regions worldwide. With a strong global presence, the company operates in North America, including the United States and Canada. It also has significant operations in Europe, serving customers in countries like the United Kingdom, Germany, France, and Italy. Ciena extends its reach into the Asia-Pacific region, with a focus on countries such as China, India, Japan, and Australia. Additionally, the company maintains its presence in Latin American countries, including Brazil and Mexico. Overall, Ciena Corp has established a broad international footprint, enabling it to cater to a diverse range of customers across the globe.

Ciena Corp represents a set of core values and corporate philosophies that guide its operations. As a leading provider of networking solutions, Ciena Corp strives to foster innovation, collaboration, and excellence. The company's commitment to customer success drives its continuous focus on delivering cutting-edge technologies and solutions. Ciena Corp believes in integrity, putting ethics and transparency at the forefront of its business practices. With a customer-centric approach, Ciena Corp aims to build strong partnerships and provide reliable, scalable, and secure network infrastructure solutions. By combining technological expertise with its dedication to sustainability, Ciena Corp remains a trusted leader in the networking industry.

Analysts currently set an average price target of 251.06 USD for the Ciena stock (median: 260.10 USD), implying -37.0 % versus the latest price. The consensus is based on 24 analyst ratings.

24 analysts currently rate the Ciena stock: 16 recommend buying, 8 holding and 0 selling. For 2026, analysts expect Ciena to generate revenue of 6.33 B USD and earnings per share of 6.33 USD.

Converted at the current exchange rate, the Ciena share trades at 345.10 EUR (398.27 USD).

The Ciena share (CIEN) is listed on 10 stock exchanges, including: NYSE (CIEN), XETRA (CIE1.DE), Frankfurt (CIE1.F), München (CIE1.MU), Düsseldorf (CIE1.DU), Hamburg (CIE1.HM), London (0HYA.L), London (0HYA.L).

Ciena Corporation is a US-American company that operates in the telecommunications industry and has a global presence. The company is a significant provider of networking and communication solutions for service providers, governments, and businesses. Ciena was founded in 1992 and has its headquarters in Hanover, Maryland. Its business model is based on the development and manufacturing of network solutions that support high-speed communication, cloud computing, mobile devices, and the Internet of Things (IoT). Ciena's business segments can be divided into three categories: network elements, software, and services. Network elements include Ciena's range of switches, routers, optical systems, and optical transport networks. This includes products like the Packet-Optical Transport System (POTS) and the 6500 Packet Optical Platform, which enable service providers to quickly and cost-effectively scale the capacities of their networks. With the software family "Blue Planet," Ciena offers its customers a flexible framework for automating network operations and services. Ciena also offers a wide range of professional services to support customers in the planning, implementation, optimization, and maintenance of their networks. The company has a deep understanding of customer needs in various industries such as telecommunications, healthcare, government, and financial services. Another important element of Ciena's business model is collaboration with its customers. Through close partnerships with service providers, system integrators, and other service providers, Ciena can respond to industry trends and deliver innovative products and services. Additionally, Ciena heavily invests in research and development to ensure its products remain industry-leading. Ciena's goal is to offer solutions and services that enable its customers to quickly and cost-effectively expand and optimize their networks – whether by introducing new features, processing high-speed data in real-time, or integrating growing data traffic into an effective business model. By addressing these challenges, Ciena's customers aim to become more competitive and productive. As part of its growth strategy, Ciena focuses on mergers and acquisitions. The company has already made several acquisitions to expand its portfolio and strengthen its offerings. For example, Ciena recently acquired Centina Systems, a company specializing in network and service quality management. With the acquisition of Centina Systems, Ciena can provide its customers with an additional opportunity to automate and optimize networks. In summary, Ciena's business model is focused on offering innovative products and services to meet the needs of its customers in a rapidly changing technological landscape. The company is committed to investing in research and development, partnering with customers, and acquiring companies to expand its offerings and provide comprehensive service to its customers. Answer: Ciena Corporation is a US-American telecommunications company that provides networking and communication solutions worldwide. It offers a range of network elements, software, and services to service providers, governments, and businesses. The company focuses on developing and manufacturing network solutions for high-speed communication, cloud computing, mobile devices, and the Internet of Things. Ciena collaborates with customers and invests in research to provide innovative products and services. It strives to help customers expand and optimize their networks quickly and cost-effectively. Ciena also pursues mergers and acquisitions to enhance its portfolio and offerings.

The expected revenue of Ciena is 6.33 B USD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Ciena is 920.24 M USD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Ciena is currently 62.96. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Ciena stock.

The price-to-sales ratio (P/S) of Ciena is currently 9.15. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Ciena stock.

The Eulerpool Quality Score for Ciena is 6/10.

The ISIN of Ciena is US1717793095. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Ciena is A0LDA7. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Ciena is CIEN. The ticker symbol is used to trade Ciena shares on the stock exchange.

Ciena paid dividends every year for the past 0 years.

Ciena is assigned to the 'Information technology' sector.

The dividends of Ciena are distributed in USD.

All fundamentals and in-depth analysis of Ciena

Our stock analysis for Ciena stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Ciena. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.